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Action Insight Market Overview	Markets Snapshot
Mid-Day Report: Mixed Data Released From US, Dollar Soft Against Europeans Dollar remains weak against European majors in early US session after mixed economic data. Nonetheless, notable weakness is seen in commodity currencies, which pare back much of this week's rebound. Some job data were released from US which include initial jobless claims, which jumped to 344k in the week ended April 26 versus consensus of 319k, hitting a nine week high. Continuing claims rose by 97k to 2.77m in the week ended April 19. Personal income rose 0.5% in March, inline with expectation while spending rose 0.9% versus expectation of 0.6%. Core CPI accelerated slightly to 1.2% yoy while PCE deflator rose less than expected to 1.1% yoy. Overall, the greenback is likely to extend the post GDP decline against European majors, in particular against Sterling. Focus will be on whether EUR/USD could take out 1.3905 resistance and trigger broader decline in the greenback. Full Report Here...
Featured Technical Report
GBP/USD Mid-Day Outlook Daily Pivots: (S1) 1.6818; (P) 1.6859; (R1) 1.6912; More... Intraday bias in GBP/USD remains on the upside. Current up trend from 1.4813 is expected to continue towards 1.7043 key resistance level next. We'll start to look for reversal signal above there. On the downside, break of 1.6777 is needed to signal short term topping. Otherwise, outlook will stay bullish even in case of retreat. 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
01:00	CNY	Manufacturing PMI Apr	50.4	50.5	50.3
01:30	AUD	Import Price Index Q/Q Q1	3.20%	1.80%	-0.60%
08:30	GBP	PMI Manufacturing Apr	57.3	55.4	55.3
08:30	GBP	Mortgage Approvals Mar	67.1K	72.0K	70.3K
08:30	GBP	M4 Money Supply M/M Mar	-2.30%	0.90%	0.70%
08:30	GBP	M4 Money Supply Y/Y Mar	-0.30%		0.70%	0.90%
11:30	USD	Challenger Job Cuts Y/Y Apr	5.70%		-30.20%
12:30	USD	Initial Jobless Claims (APR 26)	344K	319K	329K	330K
12:30	USD	Personal Income Mar	0.50%	0.50%	0.30%
12:30	USD	Personal Spending Mar	0.90%	0.60%	0.30%
12:30	USD	PCE Core M/M Mar	0.20%	0.20%	0.10%
12:30	USD	PCE Core Y/Y Mar	1.20%	1.20%	1.10%
12:30	USD	PCE Deflator M/M Mar	0.20%	0.20%	0.10%
12:30	USD	PCE Deflator Y/Y Mar	1.10%	1.20%	0.90%
14:00	USD	ISM Manufacturing Apr		54.2	53.7
14:00	USD	ISM Prices Paid Apr		59.3	59
14:00	USD	Construction Spending M/M Mar		0.60%	0.10%
14:30	USD	Natural Gas Storage			49B

Orders and Options Watch

US Session: Orders and Options Watch

GBP: The British pound also slipped from intra-day high if 1.6921 made in London morning, offers and stops at 1.6900-10 were cleared but sell orders are still noted at 1.6925 and 1.6940-50, more selling interest should emerge around 1.6975 and 1.7000 (more stops above). On the downside, bids remain at 1.6865, 1.6850 and 1.6835, more buy orders are tipped from 1.6800 all the way down to 1.6750 (every 10 points interval) with stops building up below 1.6750.

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Forex Trade Ideas

Trade Idea Update: USD/CHF - Sell at 0.8825

As the greenback has fallen again after brief recovery, adding credence to our bearish view that the rebound from 0.8770 has ended at 0.8862 and consolidation with downside bias remains for test of this week's low of 0.8770 but break there is needed to extend the fall from last week's high of 0.8862 towards this month's low of 0.8743

Trade Idea Update: GBP/USD - Buy at 1.6855

As the British pound has retreated after intra-day rise to 1.6921, suggesting minor consolidation below this level would be seen and pullback to previous resistance at 1.6858 cannot be ruled out, however, reckon the Ichimoku cloud (now at 1.6826-27) would limit downside and bring another rise later, break of said resistance would extend recent upmove to 1.6940-50