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Action Insight Market Overview	Markets Snapshot
Daily Report: Euro Broadly Lower as Greek Crisis Intensifies Euro opened the week sharply lower, together with stock markets as Greek crisis intensified. Greek prime minister Alexis Tsipras called for a referendum on July 5 over the weekend to decide whether to accept the bailout package by the international creditors. That was followed by news that ECB froze the Emergency Liquidity Assistance to Greek banks. Greece then announced that banks will be closed today to prevent collapse in the banking system as depositors would rush to withdraw their money. And, the country also imposed credit control and only a daily limit of EUR 60 is allowed from the cash machines. Full Report Here...
Featured Technical Report
EUR/GBP Daily Outlook Daily Pivots: (S1) 0.7069; (P) 0.7097; (R1) 0.7120; More... EUR/GBP dives sharply today and the break of 0.7013 support confirmed down trend resumption. Intraday bias remains on the downside and current fall would now target 61.8% projection of 0.8006 to 0.7013 from 0.7388 at 0.6774. On the upside, above 0.7079 minor resistance will turn bias neutral and bring consolidations first before staging another decline. 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	Retail Trade Y/Y May	3.00%	2.40%	5.00%	4.90%
23:50	JPY	Industrial Production M/M May P	-2.20%	-0.70%	1.20%
8:30	GBP	Mortgage Approvals May		68.5K	68.1K
8:30	GBP	M4 Money Supply M/M May		0.50%	0.40%
9:00	EUR	Eurozone Economic Confidence Jun		103.6	103.8
9:00	EUR	Eurozone Business Climate Indicator Jun		0.25	0.28
9:00	EUR	Eurozone Industrial Confidence Jun		-3	-3
9:00	EUR	Eurozone Services Confidence Jun		8.1	7.8
9:00	EUR	Eurozone Consumer Confidence Jun F		-5.6	-5.6
12:00	EUR	German CPI M/M Jun P		0.20%	0.10%
12:00	EUR	German CPI Y/Y Jun P		0.50%	0.70%
12:30	CAD	Industrial Product Price M/M May			-0.90%
12:30	CAD	Raw Materials Price Index M/M May			3.80%
14:00	USD	Pending Home Sales M/M May		1.20%	3.40%

Orders and Options Watch

US Session: Orders and Options Watch

EUR: The single currency continued to meet resistance at indicated level of 1.1220 and offers are still noted at 1.1220, 1.1235-45 and 1.1280, more sell orders are reported at 1.1300 and 1.1330, selling interest is tipped at 1.1350 and 1.1365. On the downside, some bids are seen at 1.1150-55 and 1.1130 (stops below 1.1120), buy orders are expected at 1.1100, 1.1080 and 1.1050, buying interest should emerge around 1.1030 and 1.1000.

Trade Idea: EUR/GBP - Sell at 0.7175

As the single currency has remained under pressure after falling to 0.7080 earlier this week, bearishness remains for test of previous support at 0.7055, however, break there is needed to signal early decline has resumed in wave v, bring retest of recent low at 0.7014 (wave iii trough). If said support at 0.7055 continues to hold, then further consolidation is in store and another corrective bounce to 0.7150 cannot be ruled out, however, reckon 0.7175-80 would limit upside and bring another decline later.

Trade Idea: USD/CAD - Buy at 1.2280

The pair is expected to remain confined within near term range below this week's high of 1.2423 and pullback to 1.2300 cannot be ruled out, however, reckon 1.2277 support would limit downside and bring another rise later, above said resistance would add credence to our view that wave ii has possibly ended at 1.2128 last week and extend the rebound from there towards 1.2470-75, however, only break there would siginal the retreat from 1.2563 has ended and bring further rise to 1.2520-25.