| Action Insight Mid-Day Report | Euro Sharply Lower on Greece Worry Euro remains under tremendous pressure throughout the day on renewed concern on Greece. It's reported that Greece is seeking to amend the agreement with EUR to bypass IMF and in that case, Greece would avoid austerity measures that face strong domestic opposition. The news re-raised the uncertainty around the Greece situation and threw the whole rescue plan back into question. Euro is sharply lower against dollar and yen and dives to new record low against Aussie. Full Report Here... | | Special Report | RBA: The Normalization Process Continues The RBA raised its cash rate by another +25 bps to 4.25% in April. The action was widely expected as economic development in Australia has been outperforming its counterparts in advanced economies. Full Report Here... | | Elliott Wave Analysis | Trade Idea: EUR/JPY - Buy At 124.50 Although euro rise to as high as 127.95 last week, the subsequent sharp retreat from there suggests the wave i of iii has formed a top there and correction in wave ii is now in progress for weakness to 125.31 (38.2% Fibonacci retracement of 121.05 to 127.95), however, renewed buying interest should emerge around 124.50 (50% Fibonacci retracement) and bring another rally later. Only above 126.90-127.00 would suggest pullback from 127.95 is over and bring retest of this level later. Full Report Here... Trade Idea: AUD/USD - Buy At 0.9180 As aussie has rallied again after intra-day brief retreat to 0.9165 due to rate hike by RBA, suggesting recent upmove is still in progress in wave 3 for further gain to resistance at 0.9331 and later towards next chart point at 0.9407. Full Report Here... | | Featured Technical Report | Market Highlights | EUR/USD Mid-Day Outlook Daily Pivots: (S1) 1.3449; (P) 1.3494 (R1) 1.3527; More. EUR/USD's break of 1.3381 support argues that recovery from 1.3266 is already completed at 1.3590. Intraday bias is flipped back to the downside for retesting 1.3266 first. Decisive break there will confirm medium term down trend resumption and should target 100% projection of 1.3817 to 1.3266 from 1.3590 at 1.3039 next, which is close to 1.3 psychological level. On the upside, above 1.3590 resistance will suggest that consolidation from 1.3266 is still in progress for another rise to 1.3817 and above. Read more... All Technical Outlook Reports | Daily Top Movers | Top 5 | Current | Last | Change
(Pips) | Change
(%) | | EURJPY | 125.56 | 127.23 | -167 | -1.33% | | GBPJPY | 142.41 | 144.29 | -188 | -1.32% | | CHFJPY | 87.68 | 88.82 | -114 | -1.30% | | NZDJPY | 65.58 | 66.31 | -73 | -1.11% | | GBPAUD | 1.6425 | 1.6596 | -171 | -1.04% | Last Updated: Apr 06, 13:45 GMT Currency Heat Map Daily View | USD | EUR | JPY | GBP | CHF | CAD | AUD | | USD | | | | | | | | | EUR | | | | | | | | | JPY | | | | | | | | | GBP | | | | | | | | Last Updated: Apr 06, 13:45 GMT | | Economic Indicators Update | | GMT | Ccy | Events | Actual | Consensus | Previous | Revised | | 04:30 | AUD | RBA Interest Rate Decision | 4.25% | 4.25% | 4.00% | | | 05:00 | JPY | Leading Index Feb P | 97.9 | 97.8 | 96.7 | 96.9 | | 07:15 | CHF | CPI M/M Mar | 0.10% | 0.10% | 0.10% | | | 07:15 | CHF | CPI Y/Y Mar | 1.40% | 1.40% | 0.90% | | | 08:30 | EUR | Eurozone Sentix Investor Confidence Apr | 2.5 | -5.9 | -7.5 | | | 08:30 | GBP | PMI Construction Mar | 53.1 | 48.7 | 48.5 | | | 18:00 | USD | FOMC Meeting Minutes | | -- | -- | | | | Suggested Readings | Fundamental Highlights Technical Highlights | | | Forex Brokers | | | Sponsors |  The World MoneyShow Hong Kong, April 21-23, 2010 at the Grand Hyatt Hong Kong! You'll meet legendary investment experts Steve Forbes, Mark Mobius, Marc Faber, Alexander Elder, John Bollinger, and many others. You will hear and profit from the experts' in-depth insights into global macroeconomics, equities, futures, forex, asset allocation, and more! Conference details and Registration! 
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