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Action Insight Market Overview	Markets Snapshot
Mid-Day Report: Dollar Soars on Strong NFP, ECB on Hold Dollar was given a boost by strong employment data and extends this week's rebound in early US session. The non-farm payroll report showed 288k growth in June comparing to expectation of 210k. That's the second best reading since January 2012 and compares to April's 304k. Prior months's figure was revised up from 217k to 224k. The total number for Q2 was an impressive 816k. Unemployment dropped to 6.1% comparing to expectation of 6.3%. That's the lowest number in nearly six years. Risk markets also response positively to the data with stock futures pointing to higher open. DOW and S&P 500 might continue the record run ahead of tomorrow's Independence Day holiday. Full Report Here...
Featured Technical Report
USD/JPY Mid-Day Outlook Daily Pivots: (S1) 101.50; (P) 101.67; (R1) 101.93; More... USD/JPY's rebound from 101.23 accelerates today and reaches as high as 102.24 so far. The pull back from 102.79 is completed at 101.23 already and rebound form 100.82 might be resuming. Intraday bias remains on the upside for 102.79 first. Break will target 100% projection of 100.82 to 102.79 from 101.23 at 103.20. But after all, price actions from 100.75 are viewed as a sideway consolidation pattern. We'd expect strong resistance below 104.12 and bring reversal. Below 101.74 minor support will turn bias back to the downside instead. Overall, an eventual downside breakout is expected. 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	Retail Sales M/M May	-0.50%	0.30%	0.20%	-0.10%
01:30	AUD	Building Approvals M/M May	9.90%	3.50%	-5.60%	-5.80%
07:45	EUR	Italian Services PMI Jun	53.9	52.3	51.6
08:00	EUR	Eurozone Services PMI Jun F	52.8	52.8	52.8
08:30	GBP	Services PMI Jun	57.7	58.1	58.6
09:00	EUR	Eurozone Retail Sales M/M May	0.00%	0.30%	0.40%	-0.20%
11:45	EUR	ECB Rate Decision	0.15%	0.15%	0.15%
12:30	EUR	ECB Press Conference
12:30	CAD	Trade Balance (CAD) May	-0.2B	-0.3B	-0.64B
12:30	USD	Trade Balance May	-44.4B	-45.1B	-$47.2B	-47.04B
12:30	USD	Change in Non-farm Payrolls Jun	288K	210K	217K	224K
12:30	USD	Unemployment Rate Jun	6.10%	6.30%	6.30%
12:30	USD	Initial Jobless Claims (JUN 28)	315K	310K	312K	313K
14:00	USD	ISM Non-Manufacutring Composite Jun	56	56.2	56.3
14:30	USD	Natural Gas Storage	100B	100B	110B

Orders and Options Watch

US Session: Orders and Options Watch

EUR: The single currency tumbled today on much stronger-than-expected US job data, bids at 1.3600-20 area were filled, however, mixture of bids and stops is still seen at 1.3560-75 and fresh demand should emerge around 1.3530 and 1.3500-10 with bigger stops placed below figure. On the upside, offers are lowered top 1.3640-50 with stops building up above 1.3665, more sell orders are located at 1.3680 and 1.3700-10, selling interest is reported at 1.3725-35 and 1.3750-60.

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Forex Trade Ideas

Trade Idea Update: USD/CHF - Buy at 0.8915

Current rally in NY morning suggests recent erratic fall from 0.9037 top has possibly ended at 0.8856 earlier this week and consolidation with upside bias is seen for test of 0.8957 resistance, break there would add credence to this view and then gain to 0.8975 would follow but only a breach of resistance at 0.9013 would provide confirmation and signal upmove has resumed for retest of 0.9037 later.

Trade Idea Update: GBP/USD - Buy at 1.7085

Cable's retreat after yesterday's rise to 1.7178 suggests minor consolidation would be seen and correction to 1.7090-95 (50% Fibonacci retracement of 1.7007-1.7178) cannot be ruled out, however, reckon 1.7080 would limit downside and bring another rise later, break of said resistance at 1.7178 would extend medium term upmove to 1.7200, however, loss of near term upward momentum should prevent sharp move beyond 1.7240-50