Action Insight Weekly Report 4-26-14

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Action Insight Weekly Report	Markets Snapshot
Yen Broadly Higher as Russia-Ukraine Drove Risk Aversion, Massive Week ahead The markets were initially rather inactive back from holidays but was then dominated by risk aversion towards the end of the week. The key factors in driving markets into risk off mode was the development in Russia and Ukraine on report of renewed military exercises by Russia on the border. German Chancellor said on Friday that G7 was preparing new measures against Russia. Meanwhile, S&P also lowered Russia's credit rating to BBB-, just a notch above junk level. Stocks responded negatively to the news with DOW rejected by 16500 handle to close at 16361.46. S&P 500 also reversed well ahead of 1897.28 key resistance to close at 1863.4. European indices were also hit with German DAX failing to stand above 9500 and closed at 9401. Full Report Here...
Featured Technical Report
USD/JPY Weekly Outlook USD/JPY's recovery was limited at 102.72 last week and subsequent decline argues that it's already completed. Initial bias is mildly on the downside this week for 101.32 first. Break will indicate that whole decline from 105.41 is finally resuming. In such case, USD/JPY should fall through 100.75 support to 100% projection of 105.41 to 100.75 from 104.12 at 99.46. Meanwhile, above 102.72 will bring another rebound to extend the consolidation from 100.75. 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

Suggested Readings
The Week in Review and Outlook Eurozone CPI Crucial for the ECB Weekly Economic and Financial Commentary The Weekly Bottom Line Week In FX Americas - Forex A Yawn, Gold In Demand Week In FX Asia - PBoC Sets Yuan Fix Higher Week in FX Europe - Russia: The Financial Squeeze Gets Tighter Weekly Focus: Goodbye to Negative Rates in Denmark

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