| Action Insight Weekly Report |
Yen and Dollar Surged on Risk Aversion, Volatile Week ahead Risk aversion was in the driving seat last week as investors rushed out from stocks and commodities on a couple of concerns. US stocks were shot down by President Obama's bank proposal to limit risk taking by banks and doubt on Bernanke's future as Fed chairman in the second term. European stocks were dragged down by US equities, deteriorating investor sentiments as well as continuous concern on Greece's fiscal health and deficit contagion spreading to other European nations. Asian stocks were pressured by worry of further tightening measures by China government to cool growth and inflation. Dollar benefited from safe haven flow and rose sharply against most major currencies. However, the Japanese yen was indeed the biggest winner last week and yen crosses were extremely heavy. Full Report Here... |
| Special Report |
2010 Currency Outlook: GBP Since January 2007, the pound has dropped -23.5% against its major trading partners with the decline against the euro slightly more than that against the dollar. Although the pound managed to gained against most of these partners in 2009, much of the return was erased in the second half of the year as BOE committed to adopt extremely loose monetary policies and economic contraction was more serious than previously anticipated. Full Report Here... |
| Featured Technical Report | Market Highlights |
EUR/JPY Weekly Outlook EUR/JPY's fall fall from 134.36 extended further last week and the break of 126.88 support confirms that whole decline from 138.47 has resumed. Initial bias remains on the downside this week and further fall should be seen to 124.35 support and then 100% projection of 138.47 to 126.88 from 134.36 at 122.77 next. On the upside, above 128.38 minor resistance will argue that a short term bottom might be in place on oversold condition and bring recovery. But upside should be limited below 131.49 support turned resistance and bring fall resumption. Read more... All Technical Outlook Reports | Weekly Top Movers | Top 5 | Current | Last | Change
(Pips) | Change
(%) | | NZDJPY | 63.82 | 66.94 | -312 | -4.89% | | CADJPY | 84.89 | 88.17 | -328 | -3.86% | | NZDUSD | 0.7106 | 0.7374 | -268 | -3.77% | | AUDJPY | 80.86 | 83.70 | -284 | -3.51% | | EURJPY | 126.97 | 130.57 | -360 | -2.84% | Currency Heat Map Weekly View | USD | EUR | JPY | GBP | CHF | CAD | AUD | | USD | | | | | | | | | EUR | | | | | | | | | JPY | | | | | | | | | GBP | | | | | | | | |
| Suggested Readings |
The Week in Review and Preview |
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