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| Action Insight | Candlesticks Trades | Markets Summary | Action Bias | Top Movers | Daily Technicals |
| Calendar | Elliott Wave Trades | Markets Volatility | Pivot Points | Heat Map | Daily Fundamentals |
| Action Insight Weekly Report | Markets Snapshot |
Hawkish Fed Left Markets Directionless, Look Out for Risk Aversion aheadMarkets' focused turned to FOMC last week as the Crimean worries faded. The perceived more hawkish than expected FOMC announcement triggered much volatility in the markets. But that didn't leave us with any clear directions. While the greenback was popped by by expectations that Fed's rate hike might come earlier than expected, dollar was indeed, not the strongest currency last week. The top two major currencies were Aussie and Kiwi respectively. Stocks were also stuck in range as DOW and S&P 500 rally attempts were both limited by recent high. Long term treasury yields defended recent support levels again but subsequent rebound was rather weak. Indeed, 30 year yield and 10 year yield weakened considerable on Friday. The overall outlook of the markets are quite mixed. |
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| Featured Technical Report | |
EUR/AUD Weekly OutlookEUR/AUD's fall from 1.5536 extended lower last week and the development suggests that correction pattern from 1.4987 has completed at 1.5536 already. Intraday bias is mildly on the downside this week for 1.5146 support first. Break will argue that whole decline from 1.5831 is resuming for another low below 1.4987. On the upside, above 1.5357 will delay the bearish case again and turn bias neutral. |
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The Week in Review and Outlook | ||
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