| Action Insight Daily Report | Dollar and Yen Lower as Markets Back into Risk Dollar and yen extend weakness as markets are back into risk again. Asian stocks are generally higher following overnight recovery in US equities. Crude oil manages to rebound from yesterday's low of 84.38 and is back above 86 level. Gold also continues to build up it's momentum this week and standing firm above 1150 level. Dollar is set to resume recent decline against commodity currencies. Meanwhile, EUR/USD seems to have stabilized above recent low of 1.3266 and is possibly setting the stage for another rebound towards 1.36 level. Full Report Here... | | Special Report | ECB Left Rates Unchanged, Discussed about New Collateral Framework As expected, the ECB left the main refinancing rate at 1% in April. Outlook on growth and inflation were largely unchanged from previous meetings. Focus of the press conference was on Greece's issue and the new collateral framework. Full Report Here... | | Candlesticks & Ichimoku Analysis | Trade Idea: USD/JPY - Buy At 93.00 Despite falling to 92.83 yesterday, as the greenback staged a strong rebound from there partly due to cross-selling in yen, suggesting the correction from 94.78 has possibly ended at 92.83 and consolidation with upside bias is seen for test of 94.27 resistance. However, a breach above this resistance is needed to confirm and bring retest of 94.78 but it is necessary to see a break of this recent high to confirm recent upmove has resumed and extend gain to 95.00 and then towards 95.50. Full Report Here... Trade Idea: EUR/USD - Sell At 1.3465 As indicated in our previous update that the rebound from 1.3282 formed a potential morning star pattern on the 4-hour chart which suggest further consolidation above 1.3267-82 support area would take place and recovery to 1.3429 (current level of the Ichimoku cloud bottom) would be seen, however, renewed selling interest should emerge below 1.3473 (61.8% Fibonacci retracement of 1.3591-1.3282) and bring another decline later. A break below 1.3267-82 would confirm recent fall has resumed and extend weakness to 1.3246 (50% projection of 1.4580-1.3433 measuring from 1.3819) and then towards 1.3200 but loss of momentum would limit downside to 1.3150 and 1.3100/10 (approx. 61.8% projection of 1.4580-1.3433 measuring from 1.3819) should hold. Full Report Here... | | Featured Technical Report | Market Highlights | EUR/USD Daily Outlook Daily Pivots: (S1) 1.3306; (P) 1.3336 (R1) 1.3389; More. With 4 hours MACD crossed above signal line, fall from 1.3590 has possibly completed at 1.3282 already. Rise from 1.3282 is possibly developing into the third wave consolidation that started at 1.3266. Intraday bias is flipped back to the upside for 1.3590 resistance and possibly further towards 1.3817. On the downside, though, below 1.3282 will put focus back to 1.3266 and decisive break there will confirm that medium term fall from 1.5143 has resumed. Read more... All Technical Outlook Reports | Daily Top Movers | Top 5 | Current | Last | Change
(Pips) | Change
(%) | | NZDJPY | 66.41 | 66.00 | +41 | +0.62% | | EURJPY | 125.43 | 124.74 | +69 | +0.55% | | CHFJPY | 87.48 | 87.01 | +47 | +0.54% | | GBPJPY | 143.39 | 142.63 | +76 | +0.53% | | CADJPY | 93.60 | 93.15 | +45 | +0.48% | Last Updated: Apr 09, 07:05 GMT Currency Heat Map Daily View | USD | EUR | JPY | GBP | CHF | CAD | AUD | | USD | | | | | | | | | EUR | | | | | | | | | JPY | | | | | | | | | GBP | | | | | | | | Last Updated: Apr 09, 07:05 GMT | | Economic Indicators Update | | GMT | Ccy | Events | Actual | Consensus | Previous | Revised | | 00:30 | USD | Fed Bernanke speaks | | -- | -- | | | 06:00 | EUR | German Trade Balance (EUR) Feb | | 11.4B | 8.0B | | | 08:30 | GBP | PPI Input M/M Mar | | 1.20% | 0.10% | | | 08:30 | GBP | PPI Input Y/Y Mar | | 7.10% | 6.90% | | | 08:30 | GBP | PPI Output M/M Mar | | 0.40% | 0.30% | | | 08:30 | GBP | PPI Output Y/Y Mar | | 4.40% | 4.10% | | | 08:30 | GBP | PPI Output Core Y/Y Mar | | 3.10% | 2.90% | | | 11:00 | CAD | Net Change in Employment Mar | | 25.0K | 20.9K | | | 11:00 | CAD | Unemployment Rate Mar | | 8.20% | 8.20% | | | 14:00 | USD | Wholesale Inventories Feb | | 0.40% | -0.20% | | | | 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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