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Action Insight Market Overview	Markets Snapshot
Mid-Day Report: Dollar Mildly Higher after CPI, Sterling Staying in Range Dollar is mildly higher in early US session after stronger than expected inflation data. CPI accelerated to 2.1% yoy in May versus consensus of 2.0% yoy. That's the highest reading since October 2012. The monthly advance of 0.4% was the largest since February 2013. CPI core jumped to 2.0% yoy versus expectation of 1.8% yoy. Housing starts dropped to 1.001m annualized rate in May while building permits also dropped to 0.991m annualized. US stock futures point to slightly lower opening and would likely extend recent consolidations. Full Report Here...
Featured Technical Report
GBP/USD Mid-Day Outlook Daily Pivots: (S1) 1.6957; (P) 1.6983; (R1) 1.7008; More... A temporary top is in place at 1.7010 in GBP/USD and intraday bias is turned neutral for some sideway trading. Downside of consolidation should be contained above 1.6845 resistance turned support and bring rally resumption. The larger rally from 1.4813 is still in progress and above 1.7010 will target 1.7043 key resistance. We'll look for reversal signal again above 1.7043 and as GBP/USD approaches long term fibonacci level of 1.7332. 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
01:30	AUD	RBA Minutes
05:45	CHF	SECO Economic Forecasts
07:15	CHF	Producer and Import Prices M/M May	0.10%	0.10%	-0.30%
07:15	CHF	Producer and Import Prices Y/Y May	-0.80%	-0.80%	-1.20%
08:30	GBP	CPI M/M May	-0.10%	0.20%	0.40%
08:30	GBP	CPI Y/Y May	1.50%	1.70%	1.80%
08:30	GBP	Core CPI Y/Y May	1.60%	1.70%	2.00%
08:30	GBP	RPI Y/Y May	2.40%	2.50%	2.50%
08:30	GBP	RPI M/M May	0.10%	0.20%	0.40%
08:30	GBP	PPI - Input M/M May	-0.90%	0.20%	-1.10%	-0.90%
08:30	GBP	PPI - Input Y/Y May	5.00%	-4.10%	-5.50%	-5.30%
08:30	GBP	PPI - Output M/M May	-0.10%	0.20%	0.00%
08:30	GBP	PPI - Output Y/Y May	0.50%	0.80%	0.60%
08:30	GBP	PPI Core Output M/M May	0.00%	0.10%	0.00%
08:30	GBP	PPI Core Output Y/Y May	1.00%	1.10%	1.00%
09:00	EUR	German ZEW Economic Sentiment Jun	29.8	35	33.1
09:00	EUR	German ZEW Current Situation Jun	67.7	62.6	62.1
09:00	EUR	Eurozone ZEW Economic Sentiment Jun	58.4	59.6	55.2
12:30	USD	CPI M/M May	0.40%	0.20%	0.30%
12:30	USD	CPI Y/Y May	2.10%	2.00%	2.00%
12:30	USD	CPI Core M/M May	0.30%	0.20%	0.20%
12:30	USD	CPI Core Y/Y May	2.00%	1.80%	1.80%
12:30	USD	Housing Starts M/M May	1.001M	1.034M	1.072M	1.071M
12:30	USD	Building Permits M/M May	0.991M	1.075M	1.080M

Orders and Options Watch

US Session: Orders and Options Watch

EUR: The single currency found decent demand just above last week's low of 1.3512 and has rebounded quite strongly, offers at 1.3560 were filled but sell orders are still noted at 1.3580-85 and 1.3600-10, more selling interest is tipped at 1.3625 and 1.3640-50, some sellers are expected further out at 1.3665-75 and 1.3680-1.3700 area. On the downside, bids are raised to 1.3530 and in good size at 1.3500-10 with sizeable stops building up below 1.3500, more buying interest is located at 1.3475 and 1.3450, fresh demand should emerge further out at 1.3435 and 1.3400-20 area.

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Forex Trade Ideas

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

Although the greenback has rebounded after holding above Friday's low of 0.8960 and consolidation would be seen, reckon yesterday's high of 0.9013 would limit upside and bring another fall, break of said support at 0.8960 would add credence to our view that rebound from 0.8908 has ended at 0.9013, bring further consolidation within recent established range of 0.8908-0.9037, then weakness to 0.8920 would be seen

Trade Idea Update: USD/JPY - Sell at 102.50

Dollar's rebound after finding support at 101.72 yesterday has retained our view that further consolidation above last week's low of 101.61 would be seen and another corrective bounce to 102.35-40 cannot be ruled out, however, reckon 102.60-65 would cap upside and bring another decline later. A break of said support at 101.61 (last week's low) would extend the fall from 102.80 towards key support at 101.43