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: Markets Blessed With Strong Risk Appetite, Dollar Broadly Lower The first trading day of the second half of the year was dominated by strong risk appetite. Both S&P 500 and DOW surged to record high overnight. S&P 500 ended the day up 13.09 pts at 1973.32. DOW was up 129.47 pts at 16956.07, after hitting 16998.70 earlier, just missing 17000 mark. Asian equities followed and were broadly higher. In the currency markets, dollar was sold off broadly and was down against all major currencies except the Japanese yen. In particular, Sterling was boosted by solid economic data and surged to the highest level against the greenback since 2008. Sterling traders will look into construction PMI to be released in European session while dollar will look into ADP employment in US session today. Full Report Here...
Featured Technical Report
AUD/USD Daily Outlook Daily Pivots: (S1) 0.9438; (P) 0.9471; (R1) 0.9529; More... AUD/USD's rise lost some steam after hitting 0.9054. But still, near term outlook stays bullish with 0.9387 support intact. Rally from 0.8659 has just resumed and should be in progress for medium term fibonacci level at 0.9583 next. On the downside, however, break of 0.9387 support will dampen this bullish view and turn focus back to 0.9211 support instead. 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
23:50	JPY	Monetary Base Y/Y Jun	42.60%	48.30%	45.60%
1:30	AUD	Trade Balance (AUD) May	-1.91B	-0.21B	-0.12B	-0.78B
8:30	GBP	Construction PMI Jun		59.7	60
9:00	EUR	Eurozone PPI M/M May		-0.10%	-0.10%
9:00	EUR	Eurozone PPI Y/Y May		-1.00%	-1.20%
11:30	USD	Challenger Job Cuts Y/Y Jun			45.50%
12:15	USD	ADP Employment Change Jun		205K	179K
14:00	USD	Factory Orders May		-0.10%	0.70%
14:30	USD	Crude Oil Inventories			1.7M

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.

Read more...

Forex Trade Ideas

Trade Idea: EUR/GBP - Sell at 0.8100

Although the single currency has slipped again faltering below resistance at 0.8034 and retest of recent low at 0.7959 cannot be ruled out, break there is needed to confirm decline has resumed in wave v of iii and extend further fall to 0.7940 and possibly 0.7920. Having said that, this final leg of wave iii should be limited to 0.7900 and reckon 0.7870-75 would hold from here, risk from there is seen for a rebound to take place later.

Trade Idea: USD/CAD - Sell at 1.0750 or buy at 1.0610

As the greenback has continued to trade near recent low, near term downside risk remains for recent decline from 1.1279 top to extend further weakness to 1.0630-35 (100% projection of 1.1279-1.0858 measuring from 1.1053), however, loss of downward momentum should limit downside to 1.0605-10 (61.8% Fibonacci retracement of 1.0190-1.1279) and bring rebound later. Above 1.0700 would bring recovery to 1.0750-52 where renewed selling interest should emerge