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| Action Insight | Candlesticks Trades | Markets Summary | Action Bias | Top Movers | Daily Technicals |
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| Action Insight Weekly Report | Markets Snapshot |
Euro Broadly Lower as Debt Worries Resurfaced, Dollar Rebound HaltedEuro was broadly weaker last week as worries on peripheral countries' ability to raise funds in the markets resurfaced. The common currency broke through 1.3 psychologically level against the greenback, breaches 0.83 against Sterling and is back pressing record low against Aussie. Investors are particularly cautious ahead of this week's bond sales by Portugal, Spain and Italy. Before this week's target sales of EUR 1.25b of five and ten-year debts on Wednesday, Portugal's' 10 year yield topped 7.25% on Friday, well above the level where Greece and Ireland accepted bailout. Spain and Italy are also holding bond auctions this week and markets will continue to watch the developments in yields. |    |
| Featured Technical Report | |
EUR/GBP Weekly OutlookEUR/GBP's sharp fall and break of 0.8333 last week confirms that whole decline from 0.8940 has resumed. Initial bias remains on the downside this week for 61.8% projection of 0.8940 to 0.8333 from 0.8646 at 0.8271 first. Break will target 0.8067 low and below to 100% projection at 0.8039, which is very close to 0.8 psychological level. On the upside, above 0.8353 minor resistance will turn intraday bias neutral and bring consolidations first before staging another fall. |
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| 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... |
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The Week in Review and Preview |
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