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Action Insight Market Overview	Markets Snapshot
Daily Report: Dollar Maintains Post FOMC Softness, SNB Next Investors responded well to FOMC's announcement overnight where Fed reiterated the pledge to keep rates low for a "considerable time". S&P 500 rose 15 pts to close at historical high of 1956.98 while DOW closed higher by 98 pts at 16906.62. Dollar, on the other hand, stayed soft and extended recent consolidations. The dollar index spiraled lower and is trading at 80.38 for the moment, comparing to near term resistance of 81.02. In other markets, gold rode on dollar's softness and recovered back to as high as 1279.8, just shy of 1280 level. crude oil also recovered and stabilized above 106 level. Treasury yields lost steam with 10 year yield and 30 year yield closing mildly lower. Full Report Here...
Featured Technical Report
AUD/USD Daily Outlook Daily Pivots: (S1) 0.9350; (P) 0.9380; (R1) 0.9440; More... AUD/USD got strong support after dipping to 0.9321 and recovered. Intraday bias remains neutral first. Above 0.9437 will target 0.9460 and break will resume whole rally from 0.8659. In such case, AUD/USD should target medium term fibonacci level at 0.9583 next. Meanwhile, below 0.9321 will suggest that consolidation from 0.9460 is going to extend further and will turn bias to the downside for 0.9211 support. In that case, strong support should be seen at 38.2% retracement of 0.8659 to 0.9460 at 0.9154 and bring rally resumption. 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
22:45	NZD	GDP Q/Q Q1	1.00%	1.20%	0.90%	1.00%
22:45	NZD	GDP Y/Y Q1	3.80%	3.70%	3.10%
4:30	JPY	All Industry Activity Index M/M Apr		-3.70%	1.50%
5:00	JPY	Leading Economic Index Apr			107.1
7:30	CHF	SNB Interest Rate Decision		0.00%	0.00%
8:30	GBP	Retail Sales M/M May		-0.50%	1.30%
10:00	GBP	CBI Industrial Order Expectations Apr		2	0
12:30	USD	Initial Jobless Claims (Jun 13)		316K	317K
14:00	USD	CB Leading Indicator M/M May		0.50%	0.40%
14:00	USD	Philly Fed Survey May		14.8	15.4
14:30	USD	Natural Gas Storage			107B

Orders and Options Watch

US Session: Orders and Options Watch

EUR: The single currency recovered ahead of FOMC, offers at 1.3570 were filled but sell orders are still noted from 1.3580 up to 1.3610, 1.3625 and 1.3640-50, selling interest is tipped further out at 1.3680-1.3700 region. On the downside, bids are raised to 1.3540 and 1.3500-20 area with stops building up below 1.3500, more buy orders are expected at 1.3475, 1.3450 and 1.3435, fresh demand should emerge around 1.3410-20 with mixture of bids and stops located at 1.3400.

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Forex Trade Ideas

Trade Idea: USD/CAD - Hold short entered at 1.0920

As the greenback has recovered after falling to 1.0836 yesterday, suggesting further consolidation above indicated support at 1.0814 would be seen, however, reckon 1.0900 would limit upside and bring another decline later, a break below said support at 1.0814 would indicate the c leg of wave iv is in progress and extend the decline from 1.1279 (wave iii top) for a stronger correction of early upmove to 1.0800, then towards 1.0730-40

Trade Idea Wrap-up: USD/CHF - Hold short entered at 0.8990

As the greenback has retreated after holding below yesterday's high of 0.9005, retaining our near term bearishness and further consolidation below this week's high of 0.9013 would be seen with downside bias for test of 0.8960, break there would confirm the rebound from 0.8908 has ended and extend weakness to 0.8920, however, break of said support at 0.8908 is needed to signal another leg of decline from 0.9037 is underway for subsequent decline towards support at 0.8883.