Action Insight Daily Report 1-14-11

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Action Insight	Candlesticks Trades	Markets Summary	Action Bias	Top Movers	Daily Technicals
Calendar	Elliott Wave Trades	Markets Volatility	Pivot Points	Heat Map	Daily Fundamentals

Action Insight Market Overview	Markets Snapshot
Daily Report: Euro Pares Gains after IMF Criticism, Busy Calendar ahead Euro pares some of overnight gains after IMF Deputy Managing Director Naoyuki Shinohara said that "skepticism over the sustainability of their debt in the market hasn't been cleared away". Shinohara urged Eurozone countries need to "tackle structural issues" including boosting growth. Meanwhile, traders are also cautious as Central Bank of Ireland will disclose the level of supports to the country's banking industry today. The common currency has been strong in the latter part of the week as boosted by successful bond auctions in Portugal and Ireland. Technically, Euro is near to important near term levels against dollar, swissy and sterling and the next few days would be important in determining whether current rebound would be sustainable. Full Report Here...
Featured Technical Report
EUR/JPY Daily Outlook Daily Pivots: (S1) 109.33; (P) 110.00; (R1) 111.32; More EUR/JPY's strong break of 110.23 resistance dampens the bearish view and indicates that choppy fall from 115.65 might be finished at 106.81 already. Intraday bias is on the upside for 112.18 resistance first. Break will affirm this case and target 115.65 and above. On the downside, below 109.31 minor support will turn intraday bias neutral and bring consolidations first. Read more... EURUSD Technical Outlook USDJPY Technical Outlook GBPUSD Technical Outlook USDCHF Technical Outlook USDCAD Technical Outlook AUDUSD Technical Outlook EURJPY Technical Outlook EURGBP Technical Outlook EURCHF Technical Outlook GBPJPY Technical Outlook

Forex Brokers

2011 Currency and Monetary Policy Outlook

2011 Elliott Wave Forecast

Franc's Safe-Haven Status Remains In 2011, SNB To Tighten In Mid-Year Read more... JPY to be Weighed Down by Lower Yields and BOJ's Additional Easing Read more... Fiscal Tightening the Main Theme for UK in 2011 Read more... Uneven Growth Story Prolongs EZ's Hard Time while Money-Printing Nature in SMP will Send Euro Lower Read more... US - A Shift from Monetary to Fiscal Stimulus Read more...

USD index 2011 Elliott Wave Forecast GBP/CHF 2011 Elliott Wave Forecast EURCAD 2011 Elliott Wave Forecast USD/CAD 2011 Elliott Wave Forecast EURGBP 2011 Elliott Wave Forecast EURCHF 2011 Elliott Wave Forecast EURJPY 2011 Elliott Wave Forecast AUDUSD 2011 Elliott Wave Forecast USDCHF 2011 Elliott Wave Forecast GBP/JPY 2011 Elliott Wave Forecast GBP/USD 2011 Elliott Wave Forecast USD/JPY 2011 Elliott Wave Forecast EUR/USD 2011 Elliott Wave Forecast

Economic Indicators Update	This is the ultimate opportunity to meet face-to-face with industry leaders, test out the hottest products and software, and pick up trading ideas and strategies you can implement immediately to increase your percentage of profitable trades!  The New York Traders Expo.
GMT Ccy Events Actual Consensus Previous Revised 23:50 JPY Domestic CGPI M/M Dec 1.20% 0.20% 0.10% 7:00 EUR German CPI M/M Dec F 1.00% 1.00% 7:00 EUR German CPI Y/Y Dec F 1.70% 1.70% 8:15 CHF Producer & Import Prices M/M Dec 0.10% -0.20% 8:15 CHF Producer & Import Prices Y/Y Dec 0.10% 0.10% 9:30 GBP PPI Input M/M Dec 1.70% 0.90% 9:30 GBP PPI Input Y/Y Dec 10.20% 9.00% 9:30 GBP PPI Output M/M Dec 0.40% 0.30% 9:30 GBP PPI Output Y/Y Dec 3.90% 3.90% 9:30 GBP PPI Output Core M/M Dec 0.30% 0.20% 9:30 GBP PPI Output Core Y/Y Dec 3.00% 3.30% 10:00 EUR Eurozone CPI M/M Dec 0.60% 0.10% 10:00 EUR Eurozone CPI Y/Y Dec 2.20% 2.20% 10:00 EUR Eurozone CPI Core Y/Y Dec 1.10% 1.10% 10:00 EUR Eurozone Trade Balance (euros) Nov 4.2B 3.6B 13:30 USD CPI M/M Dec 0.40% 0.10% 13:30 USD CPI Y/Y Dec 1.30% 1.10% 13:30 USD CPI Core M/M Dec 0.10% 0.10% 13:30 USD CPI Core Y/Y Dec 0.80% 0.80% 13:30 USD Advance Retail Sales Dec 0.80% 0.80% 13:30 USD Retail Sales Less Autos Dec 0.70% 1.20% 14:15 USD Industrial Production Dec 0.50% 0.40% 14:15 USD Capacity Utilization Dec 75.60% 75.20% 14:55 USD U. of Michigan Confidence Jan P 75.5 74.5 15:00 USD Business Inventories Nov 0.70% 0.70%
Forex Trade Ideas
Trade Idea: USD/CHF –Sell at 0.9720 Dollar's recovery after yesterday's anticipated fall to 0.9612 suggests consolidation would take place and although rebound to the Kijun-Sen (now at 0.9689) cannot be ruled out, renewed selling interest should emerge around the Ichimoku cloud top (now at 0.9723) and bring another decline. Read more... Trade Idea: GBP/USD – Buy at 1.5770 As the British pound has eased after yesterday's rally to 1.5885, suggesting minor consolidation would take place and pullback to the Kijun-Sen (now at 1.5801) is likely, however, renewed buying interest should emerge around 1.5770 (38.2% Fibonacci retracement of 1.5583 to 1.5885) and bring another rise later. Read more... Candlesticks Intraday Trade Ideas Update Schedule (GMT): 1st Update: 0630 - 0700; 2nd Update: 0930 - 1000; 3rd Update: 1230 - 1300; 4th Update: 1500 - 1530 Pairs Covered: EUR/USD, USD/JPY, GBP/USD, USD/CHF Elliott Wave Daily Trade Ideas Update Schedule (GMT): AUD/USD, EUR/JPY: 0800 - 0830; EUR/GBP, USD/CAD: 1330 - 1400
Suggested Readings
Fundamental Highlights More Pain For EUR Bears As Resistance Levels Get Trashed Asia Session Recap Asian Market Update Asian Session FX Review EURO Soars As Eurozone Debt Rallies Technical Highlights EURUSD Turns Bullish On A Short-Term Basis Chart Of The Day - GBP/USD Daily Forex Update: GBP/USD The Daily Forecaster: GBPUSD The Daily Wave Analysis

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