Action Insight Weekly Report 4-14-18
| Action Insight Weekly Report 4-14-18 | | Yen and Franc Ended as the Weakest Ones as Risk Aversion Temporarily Eased, Reaction to Syria Strikes Watched | Easing risk aversion was the main theme last week as Japanese Yen and Swiss Franc ended as the weakest two. It's not the kind that investors were in euphoria. But nonetheless, major stock indices around the world ended up higher. Dollar ended as the third weakest despite markets firming up pricing for June and September Fed hike. Euro followed as the fourth weakest as cautious ECB meeting accounts disappointed Euro bulls. On the other hand, commodity currencies ended as the strongest ones, led by Canadian Dollar, which was additionally supported by surge in oil price on Syria tension. Australian Dollar and New Zealand Dollar ended as the second and third strongest, followed by British Pound. |  | EUR/CHF Weekly Outlook EUR/CHF rose to as high as 1.1888 last week and finally resumed medium term up trend. As a temporary top is in place, initial bias is neutral this week first for some consolidations. But downside of retreat should be contained by 1.1748 minor support to bring another rally. Above 1.1888 will target 1.2 handle, and then 61.8% projection of 1.0629 to 1.1832 from 1.1445 at 1.2188. |  | | | |
