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Action Insight Market Overview	Markets Snapshot
Mid-Day Report: EUR/USD heading to 1.4 on Safe Haven Flow on Ukraine Uncertainties European majors strengthened against dollar today as helped by safe haven flow on uncertainties in Ukraine. Nonetheless, they are overshadowed by the strength in Kiwi, which was boosted by more hawkish that expected RBNZ, and Aussie, while was lifted by employment data. Dollar and yen are both generally pressured. Better than expected data from US is providing mild support to the greenback in slowing its decline but that support might not last long. We'd probably see EUR/USD having a take on 1.4 handle before the week closes. From US, retail sales rose 0.3% in February while ex-auto sales also rose 0.3%, both were above expectation of 0.2%. Import price index rose 0.9% mom in February. Initial jobless claims dropped to 315k in the week ended March 7 versus consensus of 334k. Canadian new housing price index rose 0.3% mom in January. Full Report Here...
Featured Technical Report
EUR/USD Mid-Day Outlook Daily Pivots: (S1) 1.3859; (P) 1.3887 (R1) 1.3930; More.... EUR/USD's rally continues today and reaches as high as 1.3964 so far. Intraday bias remains on the upside for 1.4 psychological level first. Decisive break there will extend the larger up trend from 1.2755 to 61.8% projection of 1.2755 to 1.3892 from 1.3476 at 4179 next. On the downside, break of 1.3833 minor support is needed to indicate short term topping. Otherwise, outlook will stay bullish in case of retreat. 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

Economic Indicators Update

GMT	Ccy	Events	Actual	Consensus	Previous	Revised
20:00	NZD	RBNZ Rate Decision	2.75%	2.75%	2.50%
23:50	JPY	Machine Orders M/M Jan	13.40%	7.30%	-15.70%
00:00	AUD	Consumer Inflation Expectation Mar	2.10%		2.30%
00:01	GBP	RICS House Price Balance Feb	45%	52%	53%	52%
00:30	AUD	Employment Change Feb	47.3K	15.3K	-3.7K	18.0K
00:30	AUD	Unemployment Rate Feb	6.00%	6.00%	6.00%
05:30	CNY	Fixed Assets Ex Rural YTD Y/Y Feb	17.90%	19.40%	19.60%
05:30	CNY	Retail Sales YTD Y/Y Feb	11.80%	13.50%	13.10%
05:30	CNY	Industrial Production YTD Y/Y Feb	8.60%	9.50%	9.70%
09:00	EUR	ECB Monthly Bulletin
12:30	CAD	Capacity Utilization Rate Q4	82.00%	82.30%	81.70%	81.20%
12:30	CAD	New Housing Price Index M/M Jan	0.30%	0.30%	0.10%
12:30	USD	Advance Retail Sales Feb	0.30%	0.20%	-0.40%	-0.60%
12:30	USD	Retail Sales Less Autos Feb	0.30%	0.20%	0.00%	-0.30%
12:30	USD	Initial Jobless Claims (MAR 7)	315k	334K	323K	324K
12:30	USD	Import Price Index M/M Feb	0.90%	0.70%	0.40%
14:00	USD	Business Inventories Jan		0.40%	0.50%
14:30	USD	Natural Gas Storage			-152B

Orders and Options Watch

US Session: Orders and Options Watch

EUR: The single currency maintained a firm undertone after hitting multi-year high above 1.3950 earlier today, however, selling interest is tipped around 1.3965-70 and further out at 1.3985-1.4000 region with more stops placed above sizeable barrier at 1.4000. On the downside, bids are reported at 1.3920, 1.3900 and 1.3885, more buy orders are reported from 1.3860 all the way down to 1.3800 (some stops are placed below 1.3830 and 1.3790), fresh demand should emerge around 1.3740-50 (more stops below).

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Forex Trade Ideas

Trade Idea Update: GBP/USD - Buy at 1.6610

Despite yesterday's brief fall to 1.6568, as the British pound found good support there and has staged a strong rebound, suggesting low has possibly been formed there and consolidation with upside bias is seen, above 1.6720 would signal recent decline has ended and bring further rise to 1.6740-45 but resistance at 1.6786 would cap upside.

Trade Idea Update: EUR/USD - Look to buy again lower

Euro's intra-day rise to 1.3967 adds credence to our bullish view and recent upmove may extend further gain towards psychological resistance at 1.4000, however, near term overbought condition should limit upside to 1.4020-25 and price should falter well below 1.4045-50, risk from there has increased for a correction to take place later.