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Action Insight Market Overview	Markets Snapshot
Mid-Day Report: Dollar Mildly Lower But Stays in Range Dollar is mildly lower against European majors today in otherwise rather dull markets. USD/CHF's break of 0.8907 support last week was taken as a sign of weakness of the greenback. However, EUR/USD and GBP/USD are still held below near term resistance of 1.3676 and 1.7062 respectively. Thus, there is no confirmation in the selloff in dollar yet. The greenback will face tests from some important economic data in a holiday shortened week this week. And that include ISM indices as well as the non-farm payroll report. We might see dollar's decline gather some momentum should there be disappointments in the data. Full Report Here...
Featured Technical Report
GBP/USD Mid-Day Outlook Daily Pivots: (S1) 1.7008; (P) 1.7030; (R1) 1.7053; More... GBP/USD rises mildly today but stays in range of 1.6918/7062 and intraday bias remains neutral. As long as 1.6918 support holds, further rally is still expected. Above 1.7062 will target next key long term fibonacci level at 1.7332. We'd expect loss of momentum as it approaches this level and reverse from there. On the downside, break of 1.6918 will be the first sign of trend reversal and will turn bias to the downside for 1.6692 support for confirmation. 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	Building Permits M/M May	-4.60%		1.50%	1.90%
23:50	JPY	Industrial Production M/M May P	0.50%	0.90%	-2.80%
01:00	NZD	NBNZ Business Confidence Jun	42.8		53.5
06:00	JPY	Housing Starts Y/Y May	-15.00%	-10.10%	-3.30%
08:00	EUR	Eurozone M3 Y/Y May	1.00%	0.70%	0.80%	0.70%
08:30	GBP	Mortgage Approvals May	62K	62K	62.9K
08:30	GBP	M4 Money Supply M/M May	-0.10%	0.20%	-0.20%
09:00	EUR	Eurozone CPI Estimate Y/Y Jun	0.50%	0.60%	0.50%
09:00	EUR	Eurozone CPI - Core Y/Y Jun A	0.80%	0.70%	0.70%
12:30	CAD	GDP M/M Apr	0.10%	0.20%	0.10%
13:45	USD	Chicago PMI Jun	62.6	63.2	65.5
14:00	USD	Pending Home Sales M/M May	6.1%	1.40%	0.40%

Orders and Options Watch

US Session: Orders and Options Watch

EUR: The single currency continued to move higher and mixture of offers and stops at 1.3670-75 (stops above) is in focus, however, sell orders are still noted at 1.3690-00, sizeable selling interest is expected at 1.3690-00 with more stops tipped above 1.3705, sellers are waiting further out at 1.3725-30 and 1.3750-60. On the downside, bids remain at 1.3640 and 1.3600-10, good size buy orders remain at 1.3570-75 and 1.3545-50, more buying interest is located at 1.3520-30, followed by mixture of bids and stops at 1.3500-10.

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Forex Trade Ideas

Trade Idea Update: GBP/USD - Buy at 1.6985

As the British pound has risen again after holding above Friday's low of 1.7007. suggesting recent upmove is still in progress and may extend further gain to 1.7090-95 (61.8% projection of 1.6738-1.7011 measuring from 1.6922), then towards 1.7105-15 before correction, however, near term overbought condition should prevent sharp move beyond 1.7130 and reckon 1.7150 would hold from here, bring retreat later.

Trade Idea Update: USD/CHF - Sell at 0.8920

Current breach of previous support at 0.8908 suggests the erratic decline from 0.9037 top is still in progress and downside bias remains for this move to bring retracement of early rise to support at 0.8883, then towards 0.8850, however, near term oversold condition should limit downside to 0.8820 and reckon minor support at 0.8800 would remain intact, bring rebound later.