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 Market Overview	Markets Snapshot
Daily Report: Yen Mildly Higher after BoJ, BoE and FOMC Minutes Watched Yen is mildly higher after BoJ left policies unchanged as widely expected. Interest rate is kept near zero and the target of monetary base expansion is held at JPY 60-70T a year. The central bank painted a positive picture in the statement and said that "capital expenditure has increased moderately as corporate profits have improved." The overall assessment on the economy is left unchanged at it "continues to recovery moderately as a trend." Overall, it sounded that the BoJ is still confident on meeting the 2% inflation target without additional stimulus despite the sales tax hike in April. And economists are expectation BoJ to stand pat for the rest of the year. Full Report Here...
Featured Technical Report
EUR/JPY Daily Outlook Daily Pivots: (S1) 138.46; (P) 138.89; (R1) 139.23; More... With 139.87 minor resistance intact, deeper decline is still expected in EUR/JPY. Consolidation pattern from 145.68 is in the third leg and current fall should target 136.22 support. However, break of 139.87 will dampen this immediate bearish view and bring consolidations before staging another decline. 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

Economic Indicators Update

GMT	Ccy	Events	Actual	Consensus	Previous	Revised
	JPY	BoJ Monetary Policy Statement
23:50	JPY	Trade Balance (JPY) Apr	-0.84T	-0.60T	-1.71T	-1.63T
0:30	AUD	Westpac Consumer Confidence May	-6.80%		0.30%
1:30	AUD	Wage Cost Index Q/Q Q1	0.70%	0.70%	0.70%
8:00	EUR	Eurozone Current Account (EUR) Mar		24.2B	21.9B
8:30	GBP	Bank of England Minutes		0--0--9	0--0--9
8:30	GBP	Retail Sales M/M Apr		0.40%	0.10%
14:00	EUR	Eurozone Consumer Confidence Mar A		-8	-9
14:30	USD	Crude Oil Inventories			0.9M
18:00	USD	FOMC Minutes

Orders and Options Watch

US Session: Orders and Options Watch

EUR: The single currency slipped briefly to 1.3678 and bids at 1.3680-1.3700 area were filled but bids are still noted at 1.3670-75 (stops below), more buy orders are located at 1.3650-60 (stops below 1.3640-45) and 1.3625, mixture of bids and stops is tipped at 1.3600-10. On the upside, offers are still seen at 1.3730-55 area, 1.3770 and 1.3780-85 (stops above), selling interest in good size is located at 1.3800-05 (stops above), 1.3825-35 and further out at 1.3850.

Read more...

Forex Trade Ideas

Trade Idea: USD/CAD - Sell at 1.0980

As the greenback has rebounded after yesterday's marginal fall to 1.0850, retaining our view that further consolidation would be seen and another corrective bounce to resistance at 1.0926 is likely, above there would bring retracement to 1.0950-60, however, reckon upside would be limited to 1.0985-90 and resistance at 1.1006 should remain intact, bring another decline later. Below said support at 1.0850 would bring retest of recent low at 1.0814, break there would extend the decline from 1.1279 (wave iii top) for a stronger correction of early upmove to 1.0800

Trade Idea Wrap-up: USD/JPY - Hold short entered at 101.60

The greenback met renewed selling interest just below resistance at 101.67 (Friday's high) and has retreated, retaining our bearishness for another test of yesterday's low at 101.10, break there would signal early decline from 105.44 (2014 high) has resumed and further fall to 100.95-00, then retest of previous support at 100.76 would be seen, however, oversold condition should prevent sharp fall below 100.40-50 and reckon psychological support at 100.00 would hold