| Action Insight Mid-Day Report | Euro Sharply Lower as Greece Budget Deficit Revised Up Euro ignored solid PMI readings and weaken across the board as data showed Greece's budget deficit in 2009 was worse than forecast. Eurostat said today that Greece's budget deficit was at 13.6 of GDP last year, up from prior estimate of 12.9% and nearly doubled the figure of 2008. Total government debt was at 115.1% of GDP. More importantly, Eurostat warned that the figures may actually be even worse on uncertainties over figures related to social security funds and the recording of complex financial swap arrangements. The data raised the prospect that Greece will activate the rescue plan from EU/IMF. Full Report Here... | | Special Reports | UK General Election and Implications on GBP UK's Prime Minister Gordon Brown announced on April 6 that the next general election will be held on May 6. Although the severe selloff (over -30%) from November 2007 ended in March 2009, rebound of the pound was fragile and a new round of selling appeared to have begun in recent months. Recovery, growth and budget deficits are investors' major concerns. Changes are what all British people are looking for. Therefore, election of a new government gives the market and the citizens a beam of hope. Full Report Here... | | Elliott Wave Analysis | Trade Idea: AUD/USD - Buy At 0.9225 As aussie has retreated after rising to 0.9339 yesterday, suggesting consolidation would take place, however, as c leg of wave (ii) has ended at 0.9157, reckon 0.9200 would contain downside and bring another rally later. Above 0.9365 would bring retest of wave (i) top at 0.9389, break there would confirm wave (iii) has resumed and extend gain towards 0.9407 and later 0.9450. Full Report Here... Trade Idea: EUR/JPY - Exit Long Entered At 124.50 Despite intra-day brief bounce to 125.18, lack of follow through buying and current retreat suggest further consolidation would be seen and weakness to 123.70/80 cannot be ruled out, however, reckon support at 123.15 (this week's low) would hold and bring another rebound later. Full Report Here... | | Featured Technical Report | Market Highlights | EUR/USD Mid-Day Outlook Daily Pivots: (S1) 1.3348; (P) 1.3398 (R1) 1.3437; More. EUR/USD drops further to as low as 1.3300 so far in early US session and further decline is expected to 1.3266 low. As discussed before, correction from 1.3266 might have completed with three waves up to 1.3691 already. Decisive break of 1.3266 will confirm medium term fall resumption to 1.3 psychological level next. On the upside, above 1.3420 minor resistance will turn intraday bias neutral first. Break of 1.3691 will indicate that correction from 1.3266 is still in progress for 1.3817 before completion. Read more... All Technical Outlook Reports | Daily Top Movers | Top 5 | Current | Last | Change
(Pips) | Change
(%) | | EURJPY | 123.54 | 124.76 | -122 | -0.99% | | CHFJPY | 86.21 | 87.03 | -82 | -0.95% | | AUDJPY | 85.75 | 86.35 | -60 | -0.70% | | EURUSD | 1.3297 | 1.3388 | -91 | -0.68% | | GBPJPY | 142.60 | 143.57 | -97 | -0.68% | Last Updated: Apr 22, 13:50 GMT Currency Heat Map Daily View | USD | EUR | JPY | GBP | CHF | CAD | AUD | | USD | | | | | | | | | EUR | | | | | | | | | JPY | | | | | | | | | GBP | | | | | | | | Last Updated: Apr 22, 13:50 GMT | | Economic Indicators Update | | GMT | Ccy | Events | Actual | Consensus | Previous | Revised | | 23:50 | JPY | Trade Balance (JPY) Mar | 0.67T | 0.66T | 0.47T | | | 06:15 | CHF | Trade Balance (CHF) Mar | 2.01B | 1.79B | 1.29B | | | 07:30 | EUR | German PMI Services Apr A | 55 | 55.2 | 54.9 | | | 07:30 | EUR | German PMI Manufacturing Apr A | 61.3 | 60.1 | 60.2 | | | 08:00 | EUR | Eurozone PMI Services Apr A | 55.5 | 54.4 | 54.1 | | | 08:00 | EUR | Eurozone PMI Manufacturing Apr A | 57.5 | 56.7 | 56.6 | | | 08:30 | GBP | Public Sector Net Borrowing (GBP) Mar | 23.5B | 24.1B | 12.4B | | | 08:30 | GBP | Retail Sales M/M Mar | 0.40% | 0.70% | 2.10% | 2.50% | | 08:30 | GBP | Retail Sales Y/Y Mar | 2.20% | 2.30% | 3.50% | 3.20% | | 08:30 | GBP | M4 Money Supply M/M Mar P | 0.10% | 0.30% | 0.20% | | | 08:30 | GBP | M4 Money Supply Y/Y Mar P | 3.50% | -- | 3.90% | | | 09:00 | CHF | ZEW Survey (Expectations) Apr | 53.4 | -- | 53.8 | | | 10:00 | GBP | U.K. CBI Industrial Trends Apr | -36 | -32 | -37 | | | 12:30 | CAD | Leading Indicators M/M Mar | 1.00% | 0.70% | 0.80% | 0.90% | | 12:30 | USD | PPI M/M Mar | 0.70% | 0.50% | -0.60% | | | 12:30 | USD | PPI Y/Y Mar | 6% | 6.10% | 4.40% | | | 12:30 | USD | PPI Core M/M Mar | 0.10% | 0.10% | 0.10% | | | 12:30 | USD | PPI Core Y/Y Mar | 0.90% | 0.90% | 1.00% | | | 12:30 | USD | Initial Jobless Claims | 456K | 450K | 484K | | | 14:00 | USD | Existing Home Sales Mar | 5.35M | 5.30M | 5.02M | | | 14:00 | USD | House Price Index M/M Feb | -0.20% | -0.10% | -0.60% | | | 14:30 | CAD | BOC Monetary Policy Report | | -- | -- | | | 14:30 | USD | Natural Gas Storage | | 77B | 87B | | | | Suggested Readings | Fundamental Highlights Technical Highlights | | | Forex Brokers | | | Sponsors | 
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