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Action Insight Market Overview	Markets Snapshot
Daily Report: Risk Appetite Remains, Dollar Supported by Fed Speak Asian equities continue to ride of Greek optimism and are broadly higher today. That followed another day of rally in US equities where NASDAQ made another record at 5160.09, up 0.12%. DJIA and S&P 500 rose slightly 0.13% and 0.06% respectively. The greenback stays firm in Asian session too after yesterday's strong rebound. Dollar is supported by Federal Reserve governor Jerome Powell's upbeat comments. He expected strong growth in Q2 with "greater basis for confidence" for inflation to return to 2%. Meanwhile, he also saw 50% chance of a rate hike in September. He also projected another hike in December but that was less certain. Full Report Here...
Featured Technical Report
USD/CAD Daily Outlook Daily Pivots: (S1) 1.2297; (P) 1.2340; (R1) 1.2370; More... The rebound from 1.2127 extended higher and the breach of 1.2360 minor resistance suggested that pull back from 1.2562 is completed at 1.2127 already. Intraday bias in USD/CAD is mildly on the upside for resting 1.2562. Break will target a test on 1.2834 high next. Nonetheless, below 1.2217 minor support will dampen this bullish view and turn bias back to the downside for 1.2127 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

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GMT	Ccy	Events	Actual	Consensus	Previous	Revised
23:50	JPY	BoJ May 21-22 Minutes
23:50	JPY	Corporate Service Price Y/Y May	0.60%	0.40%	0.70%
2:00	CNY	Conference Board Leading Index May	1.10%		1.10%	1.40%
6:00	CHF	UBS Consumption Indicator May			1.25
8:00	EUR	German IFO - Business Climate Jun		108.2	108.5
8:00	EUR	German IFO - Current Assessment Jun		114.3	114.3
8:00	EUR	German IFO - Expectations Jun		102.5	103
8:30	GBP	BBA Mortgage Approvals May		43.1K	42.1K
12:30	USD	GDP (Annualized) Q1 T		-0.30%	-0.70%
12:30	USD	GDP Price Index Q1 T		-0.10%	-0.10%
14:30	USD	Crude Oil Inventories			-2.7M

Orders and Options Watch

US Session: Orders and Options Watch

EUR: The single currency tumbled today on dollar's broad-based strength in part due to hawkish comments from Fed official, bids at 1.1220, 1.1200, 1.1185 and 1.1150 were filled but some buy orders are still noted at 1.1130 and 1.1100, buying interest should emerge around 1.1050-60 with stops building up below there. On the upside, offers are lowered to 1.1200-10 and 1.1250, sell orders are reported at 1.1280-85, 1.1300 and 1.1320-25, selling interest is tipped at 1.1350, 1.1380 and 1.1400-10.

Trade Idea: EUR/GBP - Sell at 0.7125

As the single currency has fallen again after running into renewed selling interest at 0.7211 yesterday, suggesting the fall from 0.7389 is still in progress and may extend weakness towards support at 0.7055, break there would add credence to our view that wave v is underway for retest of wave iii trough at 0.7014 later this week.

Trade Idea: USD/CAD - Hold long entered at 1.2220

As the greenback has surged again after finding renewed buying interest at 1.2218 yesterday, retaining our bullishness for the rebound from 1.2128 (tentatively wave ii trough) to extend gain 1.2400-10, then 1.2440-45, however, only break of 1.2470-75 would signal the retreat from 1.2563 has ended and bring further gain to 1.2520-25.