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Action Insight Market Overview	Markets Snapshot
Daily Report: Sentiments Weighed Down by Fed Expectations and Greece Impasse Asian equities are broadly lower following the weakness in US stocks overnight. Nikkei is down -0.8%, or 164pts at the time of writing while HK HSI is also down -0.8% or -222 pts. DJIA closed -0.46% or -82.91 pts at 17766.55 and turned negative for the year. Investors were gauging the chance of a September Fed rate hike. A New York Fed survey showed that one year inflation expectations rose to 3%, up from prior month's expectation of 2.7%. That's back to the highest level this year. Last week's strong job report solidified the case for a September hike and focus will turn to retail sales to be released on Thursday, on further evidence of a rebound of the economy in Q2. The dollar, however, didn't ride on the sentiment and weakened in general. Full Report Here...
Featured Technical Report
USD/CAD Daily Outlook Daily Pivots: (S1) 1.2370; (P) 1.2421; (R1) 1.2460; More... Intraday bias in USD/CAD remains neutral as the consolidation from 1.2562 continues. Downside of retreat should be contained by 38.2% retracement of 1.1919 to 1.2562 at 1.2316 and bring rise resumption. We'd still holding on to the view that corrective fall from 1.2834 is completed at 1.1919. Above 1.2562 will target 1.2834 resistance. 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	Manufacturing Activity Q1	-2.80%		-0.70%	-1.00%
23:01	GBP	BRC Retail Sales Monitor Y/Y May	0.00%		-2.40%
23:50	JPY	Japan Money Stock M2+CD Y/Y May	4.00%	3.60%	3.60%
1:30	AUD	NAB Business Confidence May	7		3
1:30	CNY	CPI Y/Y May	1.20%	1.30%	1.50%
1:30	CNY	PPI Y/Y May	-4.50%	-4.50%	-4.60%
1:30	AUD	Home Loans Apr	1.00%	-1.80%	1.60%	1.50%
5:00	JPY	Consumer Confidence May		41.9	41.5
5:45	CHF	Unemployment Rate May		3.30%	3.30%
6:00	JPY	Machine Tool Orders Y/Y May P			10.50%
7:15	CHF	CPI M/M May		0.10%	-0.20%
7:15	CHF	CPI Y/Y May			-1.10%
8:30	GBP	Visible Trade Balance (Pounds) Apr		-10.0B	-10.1B
14:00	USD	Wholesale Inventories Apr		0.10%	0.10%

Orders and Options Watch

US Session: Orders and Options Watch

EUR: The single currency rebounded again in European session in part due to higher German yield, offers at 1.1180-85, 1.1200 and 1.1220 were triggered, however, sell orders are still noted at 1.1225, 1.1250 and 1.1285, selling interest is tipped at 1.1300, 1.1320, 1.1350 and 1.1380, mixture of offers and stops is located at 1.1400. On the downside, bids are now seen at 1.1150-55 and 1.1115-20, buy orders are expected at 1.1100, 1.1080 and 1.1050, buying interest should emerge at 1.1035, 1.1020 and 1.1000, fresh demand is located around 1.0985, 1.0965 and 1.0950.

Trade Idea: EUR/GBP - Buy at 0.7250

Although the single currency has rebounded after finding support at 0.7266 earlier today and gain to 0.7360 cannot be ruled out, break of last week's high of 0.7386 is needed to signal the rebound from 0.7055 is still in progress and extend gain to 0.7400, then towards 0.7450, however, as broad outlook remains consolidative, reckon upside would be limited and resistance at 0.7483 (last month's high) would hold, bring further choppy trading

Trade Idea: EUR/JPY - Buy at 138.20

Euro's consolidation below last week's high of 141.06 is likely to continue and as long as this level holds, mild downside bias is seen for another corrective fall to 138.90-00, however, reckon 138.15-20 would contain pullback and bring another rise later, above said resistance would extend recent upmove from 126.09 low to 141.50, however, reckon upside would be limited to 141.70-75 and price should falter below 142.50