Action Insight Weekly Report 8-30-09

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Action Insight Weekly Report Look Forward to Breakout after a Directionless Week It was a rather directionless week despite all the volatility. Major pairs and crosses generally settled in previous week's range. Though, noticeable weakness was seen in Sterling which tumbled broadly. While Aussie was generally firmer, it indeed closed lower against Japanese yen. Dollar was mixed, closing lower against yen and aussie, but higher against euro, swissy and loonie. US stocks edged higher during the week, with DOW making a new high at 9630 but lacked follow through buying. Crude oil also climbed to 75 but pared its gains afterwards and gyrated in tight range. Meanwhile, other commodities generally engaged in range trading with CRB index continuing recent consolidations. Treasury yields were soft too but lacked decisive momentum to go lower yet. Full Report Here... Special Report Forecasts Update: AUD, NZD, CAD, Gold, Oil Commodity prices and commodity currencies continued to overshoot on the upside last month although many of the rallies looked excessive and needed correction. Increase in risk appetite amid improvements in macro economic outlook drove investors to higher-yield assets from 'safe havens' such as USD and JPY. Full Report Here... Featured Technical Report Market Highlights USD/CHF Weekly Outlook After much volatility, USD/CHF did made another low at 1.0530 last week as recent fall extended. Initial bias remains on the downside this week and further decline could be seen to below 1.0530. But strong support should be seen around lower trend line support (now at 1.0432). On the upside, above 1.0714 will be the first signal that USD/CHF has bottomed out and will bring stronger rise to upper trend line resistance (now at 1.0864). Read more... All Technical Outlook Reports 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 Weekly Top Movers Top 5 Current Last Change (Pips) Change (%) GBPJPY 152.28 155.79 -351 -2.30% GBPAUD 1.9347 1.9767 -420 -2.17% CADJPY 85.71 87.27 -156 -1.82% AUDCAD 0.9174 0.9021 +153 +1.67% GBPUSD 1.6268 1.6505 -237 -1.46% Currency Heat Map Weekly View USD EUR JPY GBP CHF CAD AUD USD EUR JPY GBP Suggested Readings The Week in Review and Preview Bernanke: Central Bankers' Bob the Builder? Euroland: Arguments for ECB to Hike in 2010 This Week's Market Outlook Weekly Economic and Financial Commentary The Weekly Bottom Line Sterling Sold on Concerns Bank of England May Charge for Holding Deposits Weekly Focus: Growing Stronger Euro Benefits from Improved Economic Indicators Australian & New Zealand Weekly: RBA on Hold; Now Down to the Data

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