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Action Insight Market Overview	Markets Snapshot
Daily Report: Dollar Holds Gain ahead of ECB and NFP Dollar maintains overnight's gain as markets are waiting for two important events ahead of the long weekend in US. The non-farm payroll report from US today could be market moving. Economists are expecting the report to show 210k growth in the job market in June. Unemployment is expected to be unchanged at 6.3%. The ADP private report showed a strong 281k growth in June, which is positive for the NFP. The employment component of ISM manufacturing was unchanged from prior month at 52.8. Meanwhile the four-week moving of initial claims rose slightly from 312k to 314k but the continuing claims dropped from 2.63m to 2.59m. Overall, the leading indicators for NFP suggests that we would likely have a slightly stronger than expected number today. US will also release ISM services, trade balance and jobless claims. Full Report Here...
Featured Technical Report
AUD/USD Daily Outlook Daily Pivots: (S1) 0.9414; (P) 0.9456; (R1) 0.9484; More... AUD/USD's decline from 0.9054 accelerates downward today and breaks 0.9387 minor support. The development argues that a short term top is already formed at 0.9504. Intraday bias is back on the downside for 0.9211 support. Bearish divergence condition in daily MACD suggest that the rise from 0.8659 already. But, as long as 38.2% retracement of 0.8659 to 0.9504 at 0.9181 holds, we'd view price actions from 0.9504 as sideway consolidation only. 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
1:30	AUD	Retail Sales M/M May	-0.50%	0.30%	0.20%	-0.10%
1:30	AUD	Building Approvals M/M May	9.90%	3.50%	-5.60%	-5.80%
7:45	EUR	Italian Services PMI Jun		52.3	51.6
8:00	EUR	Eurozone Services PMI Jun F		52.8	52.8
8:30	GBP	Services PMI Jun		58.1	58.6
9:00	EUR	Eurozone Retail Sales M/M May		0.30%	0.40%
11:45	EUR	ECB Rate Decision		0.15%	0.15%
12:30	EUR	ECB Press Conference
12:30	CAD	Trade Balance (CAD) May		-0.3B	-0.64B
12:30	USD	Trade Balance May		-45.1B	-$47.2B
12:30	USD	Change in Non-farm Payrolls Jun		210K	217K
12:30	USD	Unemployment Rate Jun		6.30%	6.30%
12:30	USD	Initial Jobless Claims (JUN 28)		310K	312K
14:00	USD	ISM Non-Manufacutring Composite Jun		56.2	56.3
14:30	USD	Natural Gas Storage

Orders and Options Watch

US Session: Orders and Options Watch

EUR: The single currency extended intra-day fall in NY morning as ADP data came in better than expected, bids at 1.3650 were filled, however, buy orders in good size are still noted at 1.3600-20 area, mixture of bids and stops is located at 1.3560-75. On the upside, offers are lowered to 1.3670-80 and 1.3700-10, more sell orders are reported at 1.3725-35 and 1.3750-60.

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Forex Trade Ideas

Trade Idea Wrap-up: USD/CHF - Hold short entered at 0.8895

Although the greenback staged a rebound after yesterday's brief fall to 0.8856 and minor consolidation above this level would be seen, price should falter below previous support at 0.8908 and bring another decline later, a break of said support at 0.8856 would extend recent decline from 0.9037 top for further weakness to 0.8830-35 (61.8% Fibonacci retracement of 0.8703-0.9037)

Trade Idea Wrap-up: EUR/USD - Hold long entered at 1.3650

As the single currency slipped again on dollar's broad-based strength in part due to the release of solid US data, suggesting further consolidation would be seen and marginal weakness from here cannot be ruled out, however, reckon 1.3620-25 (61.8% Fibonacci retracement of 1.3576-1.3700) would contain downside and bring another rise later, above resistance at 1.3700 would signal the erratic rise from 1.3503 low has resumed