| Action Insight Mid-Day Report | Mid-Day Report: Dollar Steady after NFP, CAD Boosted by Record Employment Growth Dollar remains steady in early US session after stronger than expected Non-farm payroll report. Job market in US expanded by 290k in April, much stronger than expectation of 180k. Prior month's figure was also revised up from 162k to 230k. However, unemployment rate unexpectedly climbed from 9.7% to 9.9%. Markets reaction is so far muted as the greenback is staying in range against major currencies. Full Report Here... | | Special Reports | ECB Maintains Monetary Policy Unchanged. No Discussion on Bond Purchase ECB leaves the main refinancing rate unchanged at 1% and keeps the monetary statement largely unchanged from previous meetings despite heightened sovereign crisis in the Eurozone. Investors are disappointed and dumped the euro more severely as the central bank refrains from implementing more loosening measures to stimulate economy. Full Report Here... | | Elliott Wave Analysis | Trade Idea: AUD/USD - Stand aside Although aussie tumbled to as low as 0.8711 yesterday on massive risk aversion, the strong and quick rebound from there suggests the 3rd c leg of wave (ii) has possibly ended there and consolidation would be seen, however, above 0.9000/10 is needed to add credence to this view and bring further gain to 0.9100, then 0.9155/65. Break of latter resistance would confirm, then headway to 0.9250 would follow. Full Report Here... | | Featured Technical Report | Market Highlights | USD/CAD Mid-Day Outlook Daily Pivots: (S1) 1.0287; (P) 1.0513; (R1) 1.0745; More. USDCAD's sharp pull back from 1.0734 extends further to as low as 1.0496 so far and more decline might still be still. Nevertheless, we'd still expect downside to be contained above 1.0280 support and bring another rise. ABove 1.0571 minor resistance will flip intraday intraday bias back to the upside and break of 1.0734 will target 1.0779 key resistance next. Though, note that decisive break of 1.0280 will indicate that rise from 0.9929 is completed and will turn focus back to this low. Read more... All Technical Outlook Reports | Daily Top Movers | Top 5 | Current | Last | Change
(Pips) | Change
(%) | | CADJPY | 89.04 | 86.03 | +301 | +3.38% | | EURJPY | 117.53 | 114.32 | +321 | +2.73% | | NZDJPY | 66.10 | 64.33 | +177 | +2.68% | | AUDJPY | 82.26 | 80.16 | +210 | +2.55% | | GBPCAD | 1.5234 | 1.5603 | -369 | -2.42% | Last Updated: May 07 13:00 GMT Currency Heat Map Daily View | USD | EUR | JPY | GBP | CHF | CAD | AUD | | USD | | | | | | | | | EUR | | | | | | | | | JPY | | | | | | | | | GBP | | | | | | | | | CHF | | | | | | | | | CAD | | | | | | | | | AUD | | | | | | | | Last Updated: May 07 13:00 GMT | | Economic Indicators Update | | GMT | Ccy | Events | Actual | Consensus | Previous | Revised | | 23:50 | JPY | Monetary Base Y/Y Apr | 2.90% | 2.40% | 2.10% | | | 01:30 | AUD | RBA Quarterly Monetary Policy Statement | | | | | | 05:45 | CHF | Unemployment Rate Apr | 4.00% | 4.10% | 4.10% | | | 07:15 | CHF | Retail Sales (Real) Y/Y Mar | 4.50% | 2.90% | 3.10% | 2.70% | | 08:30 | GBP | PPI Input M/M Apr | 0.60% | 1.00% | 3.60% | 3.80% | | 08:30 | GBP | PPI Input Y/Y Apr | 13.10% | 13.10% | 10.10% | 10.30% | | 08:30 | GBP | PPI Output M/M Apr | 1.40% | 0.50% | 0.90% | | | 08:30 | GBP | PPI Output Y/Y Apr | 5.70% | 4.80% | 5.00% | | | 08:30 | GBP | PPI Output Core Y/Y Apr | 4.40% | 3.50% | 3.60% | 3.70% | | 10:00 | EUR | German Industrial Production M/M Mar | 4.00% | 1.50% | 0.00% | -0.20% | | 11:00 | CAD | Net Change in Employment Apr | 108.7K | 24.3K | 17.9K | | | 11:00 | CAD | Unemployment Rate Apr | 8.10% | 8.20% | 8.20% | | | 12:30 | USD | Change in Non-Farm Payrolls Apr | 290K | 180K | 162K | 230K | | 12:30 | USD | Unemployment Rate Apr | 9.90% | 9.70% | 9.70% | | | | Suggested Readings | Fundamental Highlights Technical Highlights | | | Forex Brokers | | | Sponsors | 
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