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| Action Insight Weekly Report | Markets Snapshot |
Dollar and Yen Jumped as Euro Reversed, Sentiments DeterioratedDollar and yen were broadly higher last week as boosted bby reversal in Euro as well as deterioration in risk sentiments. The common currency was pressured by uncertainty over the Greece situation as well as adjustments in rate expectations after ECB's latest inflation projection failed to satisfy Euro bulls. Global equities extended recent decline on concern of slowing global recovery. Meanwhile, New Zealand dollar was indeed the strongest currency as RBNZ signaled gradual tightening ahead. |    |
| Featured Technical Report | |
EUR/USD Weekly OutlookEUR/USD's sharp fall and break of 1.4344 support last week argues that rebound from 1.3969 might have completed at 1.4695 already. Initial bias is on the downside this week for 1.3969 first. Break will confirm that whole correction from 1.4938 has resumed and should target 100% projection of 1.4938 to 1.3969 from 1.4695 at 1.3726 next. On the upside, above 1.4477 minor resistance will turn bias neutral and bring recovery. But risk will remain mildly on the downside as long as 1.4695 resistance holds. |
| Suggested Readings | |
The Week in Review and Preview |
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