| Action Insight Mid-Day Report | Mid-Day Report: Euro Soft on Greece, Yen Extends Rebound Euro is generally soft today as markets remain concerned with Greece situation. Greek 10-year spread to German bund widened to 436bps, widest level since Euro's inception. ECB left rates unchanged at 1.00% as widely expected and it's believed that the uncertainty around Greece ties ECB up for existing stimulus measures . Sterling is steady against dollar after BOE left rates unchanged at record low of 0.5% and held the asset purchase problem unchanged at GBP 200b. Japanese yen continue to be the better performer today as global stock markets are mostly in red. Full Report Here... | | Elliott Wave Analysis | Trade Idea: AUD/USD - Buy At 0.9145 As aussie has retreated rising marginally to 0.9299 yesterday, suggesting consolidation would take place and retracement to 0.9185 (38.2% Fibonacci retracement of 0.9001 to 0.9299) would be seen, however, renewed buying interest should emerge around 0.9140-50 (approx. 50% Fibonacci retracement level) and bring another upmove later. Above said resistance would extend gain to key resistance at 0.9331, break there would confirm upmove has resumed and extend towards next chart point at 0.9407. Full Report Here... Trade Idea: EUR/JPY - Stand Aside The retreat from 127.95 turned out to be stronger than expected and weakness to 123.00 cannot be ruled out, however, downside should be limited to 122.79 (1.236 times projection of 127.95 to 125.22 measuring from 126.16) but reckon 121.74 (1.618 times projection) would limit downside and as long as support at 121.05 (wave ii trough) holds, prospect of another rally in wave iii remains. Full Report Here... | | Featured Technical Report | Market Highlights | USD/CHF Mid-Day Outlook Daily Pivots: (S1) 1.0697; (P) 1.0720; (R1) 1.0762; More. Intraday bias in USD/CHF remains on the upside for the moment and further rally is still expected to have a retest on 1.0897 resistance. As noted before, the three wave corrective structure of the fall from 1.0897 to 1.0434 suggests that rise from 0.9916 is not over yet. Break of 1.0897 will confirm rally resumption and should target 1.1158 resistance next. On the downside, below 1.0667 will indicate that a temporary top is in place and turn intraday bias neutral. But pull back should be contained well above 1.0434 support and bring another rise. Read more... All Technical Outlook Reports | Daily Top Movers | Top 5 | Current | Last | Change
(Pips) | Change
(%) | | NZDJPY | 65.43 | 65.96 | -53 | -0.81% | | CADJPY | 92.14 | 92.74 | -60 | -0.65% | | GBPJPY | 141.31 | 142.22 | -91 | -0.64% | | EURJPY | 123.89 | 124.55 | -66 | -0.53% | | CHFJPY | 86.48 | 86.92 | -44 | -0.51% | Last Updated: Apr 08, 13:15 GMT Currency Heat Map Daily View | USD | EUR | JPY | GBP | CHF | CAD | AUD | | USD | | | | | | | | | EUR | | | | | | | | | JPY | | | | | | | | | GBP | | | | | | | | Last Updated: Apr 08, 13:15 GMT | | Economic Indicators Update | | GMT | Ccy | Events | Actual | Consensus | Previous | Revised | | 23:50 | JPY | Current Account Total (JPY) Feb | 1.12T | 1.25T | 1.71T | | | 23:50 | JPY | Machine Orders M/M Feb | -5.40% | 3.70% | -3.70% | | | 23:50 | JPY | Machine Orders Y/Y Feb | -7.10% | 2.10% | -1.10% | | | 01:30 | AUD | Employment Change Mar | 19.6K | 20.1K | 0.4K | -4.7K | | 01:30 | AUD | Unemployment Rate Mar | 5.30% | 5.30% | 5.30% | | | 05:00 | JPY | BoJ Monthly Report | | -- | -- | | | 05:45 | CHF | Unemployment Rate Mar | 4.10% | 4.10% | 4.10% | | | 06:00 | JPY | Machine Tool Orders Y/Y Mar P | 262.10% | -- | 217.40% | | | 08:30 | GBP | Industrial Production M/M Feb | 1.00% | 0.50% | -0.40% | -0.50% | | 08:30 | GBP | Industrial Production Y/Y Feb | -0.10% | -0.50% | -1.50% | -1.60% | | 08:30 | GBP | Manufacturing Production M/M Feb | 1.30% | 0.60% | -0.90% | -1.00% | | 08:30 | GBP | Manufacturing Production Y/Y Feb | 1.40% | 0.80% | 0.20% | 0.10% | | 09:00 | EUR | Eurozone Retail Sales M/M Feb | -0.60% | 0.00% | -0.30% | -0.20% | | 09:00 | EUR | Eurozone Retail Sales Y/Y Feb | -1.10% | -0.40% | -1.30% | -0.60% | | 10:00 | EUR | German Industrial Production M/M Feb | 0.00% | 1.00% | 0.60% | 0.10% | | 11:00 | GBP | BoE Interest Rate Decision | 0.50% | 0.50% | 0.50% | | | 11:00 | GBP | BoE Asset Purchase Target | 200B | 200B | 200B | | | 11:45 | EUR | ECB Interest Rate Decision | 1.00% | 1.00% | 1.00% | | | 12:30 | EUR | ECB Press Conference | | -- | -- | | | 12:30 | USD | Initial Jobless Claims | 460K | 433K | 439K | | | 12:30 | USD | Fed's Duke Speaks | | -- | -- | | | 14:30 | USD | Natural Gas Storage | | 29B | 12B | | | 14:30 | USD | Fed's Tarullo Speaks | | -- | -- | | | 18:45 | USD | Fed's Kocherlakota Speaks | | -- | -- | | | 20:00 | USD | Fed's Kohn Speaks | | -- | -- | | | -- | GBP | NIESR GDP Estimate Mar | | -- | 0.30% | | | | 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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