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Action Insight Market Overview	Markets Snapshot
Daily Report: Risk Appetite Weighed Down by Greece, Negotiation Continues Today Stock markets were weighed down again by uncertainty over Greece's debt talk. Major US indices closed lower overnight and was followed by general weakness in Asian equities. Yesterday's meeting in Brussels ended early with no progress and the negotiation will continue today. The technical team will meet again at 6am in Brussels after a few hours sleep. And further discussion will involve Greek prime minister Alexis Tsipras, IMF chief Christine Lagarde, ECB president Mario Draghi and EC president Jean-Claude Juncker at 9am. There are speculations that failure to reach an agreement within this week will raise the chance of capital control to prevent a run on Greek banks. Even if a deal is reached, Tsipras will still need to go through a vote in the parliament for endorsement. And that would also be followed by a vote in Germany. Full Report Here...
Featured Technical Report
USD/CAD Daily Outlook Daily Pivots: (S1) 1.2299; (P) 1.2360; (R1) 1.2445; More... USD/CAD's recovery from 1.2127 is still in progress and intraday bias remains on the upside for 1.2562 resistance. Break will confirm resumption of rebound from 1.1919 and should target a test on 1.2834 high. On the downside, though, below 1.2276 minor support will dampen the bullish case and turn bias back to the downside for 1.2127 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

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GMT	Ccy	Events	Consensus	Previous
06:00	EUR	German GfK Consumer Sentiment Jul	10.1	10.2
10:00	GBP	CBI Reported Sales Jun	32	51
12:30	USD	Personal Income May	0.50%	0.40%
12:30	USD	Personal Spending May	0.60%	0.00%
12:30	USD	PCE Deflator M/M May		0.00%
12:30	USD	PCE Deflator Y/Y May		0.10%
12:30	USD	PCE Core M/M May	0.10%	0.10%
12:30	USD	PCE Core Y/Y May		1.20%
12:30	USD	Initial Jobless Claims (JUN 20)	271K	267K
14:30	USD	Natural Gas Storage		89B

Orders and Options Watch

US Session: Orders and Options Watch

EUR: The single currency met resistance at 1.1235 and has retreated but bids are still seen at 1.1170, 1.1150 and 1.1130, buy orders are expected at 1.1100, 1.1080 and 1.1050, buying interest should emerge around 1.1030 and 1.1000. On the upside, offers are noted at 1.1235-45, 1.1280 and 1.1300, more sell orders are reported at 1.1330, 1.1350 and 1.1365, selling interest is tipped at 1.1380 and 1.1400-10.

Trade Idea: EUR/GBP - Sell at 0.7150

As the single currency has remained under pressure after dropping from 0.7211 (Monday's high), bearishness remains for the fall from 0.7389 to 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 - Stopped profit and stand aside

Although the greenback slipped to 1.2277 earlier today, as renewed buying interest emerged and price has risen again, retaining our view that wave ii has possibly ended at 1.2128 last week and bullishness remains for the rebound from there to extend further gain to 1.2440-45, however, only break of 1.2470-75 would siginal the retreat from 1.2563 has ended and bring further rise to 1.2520-25.