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Action Insight Market Overview	Markets Snapshot
Daily Report: BoE Minutes and FOMC Watched Sterling stays firm against other major currencies as markets await BoE meeting minutes. The minutes are expected to show unanimous vote for keeping bank rate unchanged at 0.50% and held the asset purchase target at GBP 375b in the June meeting. According to a Reuters pol, economists generally expected the first hike to come next year. There is 55% chance for a hike before next April, and 70% chance by the end of June 2016. And overall, it should be noted that there are expectations that BoE's tightening would after after Fed and be a "mini" version of it. Also, UK will release employment data which is expected to show -13.8k fall in jobless claims in May. Unemployment rate is expected to be unchanged at 5.5% in April. Bedsides, Swiss will release ZEW and Eurozone will release CPI final. Full Report Here...
Featured Technical Report
GBP/JPY Daily Outlook Daily Pivots: (S1) 192.33; (P) 192.73; (R1) 193.42; More..... GBP/JPY's rally extends and reaches 193.29 so far today. Intraday bias remains on the upside. Current up trend is expected to extend to 100% projection of 168.01 to 189.70 from 174.86 at 196.55 next. Near term outlook will stays bullish as long as 188.96 support holds in case of retreat. But break of 188.96 support will indicate near term topping and bring deeper pull back. 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

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GMT	Ccy	Events	Actual	Consensus	Previous	Revised
22:45	NZD	Current Account Balance Q1	0.662B	0.282B	-3.194B	-3.170B
23:50	JPY	Trade Balance (JPY) May	-0.18T	-0.17T	-0.21T	-0.24T
0:30	AUD	Westpac Leading Index M/M May	-0.10%		0.10%
8:30	GBP	Jobless Claims Change May		-13.8K	-12.6K
8:30	GBP	Claimant Count Rate May		2.20%	2.30%
8:30	GBP	ILO Unemployment Rate (3M) Apr		5.50%	5.50%
8:30	GBP	BoE Minutes
8:30	GBP	MPC Official Bank Rate Votes		0--0--9	0--0--9
8:30	GBP	MPC Asset Purchase Facility Votes		0--0--9	0--0--9
9:00	CHF	ZEW (Expectations) Jun			-0.1
9:00	EUR	Eurozone CPI M/M May		0.20%	0.20%
9:00	EUR	Eurozone CPI Y/Y May F		0.30%	0.30%
9:00	EUR	Eurozone CPI - Core Y/Y May F		0.90%	0.90%
12:30	CAD	Wholesale Sales M/M Apr		0.30%	0.80%
14:30	USD	Crude Oil Inventories			-6.8M
18:00	USD	FOMC Rate Decision		0.25%	0.25%

Orders and Options Watch

US Session: Orders and Options Watch

EUR: The single currency traded narrowly after finding support at 1.1189, offers are still noted at 1.1260, 1.1280 and 1.1300, more sell orders are reported at 1.1320, 1.1340 and 1.1365, selling interest is tipped at 1.1380 and 1.1400. On the downside, bids are now seen at 1.1200-05 and 1.1185, buy orders are expected at 1.1150, 1.1130 and 1.1100, buying interest should emerge around 1.1080-85, 1.1065 and 1.1050.

Trade Idea: USD/CAD - Hold short entered at 1.2350

The greenback has traded narrowly and further consolidation is in store, however, reckon upside would be limited to 1.2360-65 and bring another decline, below 1.2270 would bring retest of said support at 1.2202, break there would extend the fall from 1.2563 for retracement of recent rise in wave ii, then weakness to 1.2150 would follow but 1.2100 would contain downside and 1.2050 should hold, bring rebound later.

Trade Idea: EUR/GBP - Stand aside

The single currency has fallen again after brief recovery, suggesting near term downside risk remains for the fall from 0.7389 to extend weakness to 0.7146 (last week's low), however, as broad outlook remains consolidative, reckon downside would be limited to 0.7100-10 and price should stay well above support at 0.7055, bring another rebound later.