Action Insight	Candlesticks Trades	Markets Summary	Action Bias	Top Movers	Daily Technicals
Calendar	Elliott Wave Trades	Markets Volatility	Pivot Points	Heat Map	Daily Fundamentals

Action Insight Market Overview	Markets Snapshot
Mid-Day Report: Yen Rebounds on BoJ Kuroda's Comments Yen jumps sharply today as boosted by comments from BoJ governor Haruhiko Kuroda's comment. Kuroda said that the Japanese yen is already "very weak" and it's unlikely to fall further. He also noted that "it's hard to conclude decisively that the dollar will continue to strengthen further just because the Fed has done tapering and eying raising interest rates." Earlier this week, economy minister Akira Amari said that abrupt moves in the exchange rate were not good for the economy and that will be closely monitored. USD/JPY's fall from 125.85 short term top accelerates to as low as 122.45 so far today while EUR/JPY is also under some selling pressure. Full Report Here...
Featured Technical Report
USD/JPY Mid-Day Outlook Daily Pivots: (S1) 123.89; (P) 124.31; (R1) 124.77; More... Intraday bias in USD/JPY remains on the downside for the moment. The pull back from 125.85 short term top is deeper than expected is heading to 61.8% retracement of 118.88 to 125.85 at 121.54. On the upside, above 123.85 minor resistance will turn bias back to the upside for retesting 125.85 resistance first. 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

Get ready for a return to stock-picking: Quality growth investments to fit your own unique risk tolerance! At The MoneyShow Las Vegas, May 12-14, 2015, you can find potent growth investments in a fragile bull market. Hear from the industry's top experts such as Steve Forbes, Mark Mills, James Stack, and many more! Register for free now!

GMT	Ccy	Events	Actual	Consensus	Previous	Revised
23:50	JPY	Machine Orders M/M Apr	3.80%	-1.70%	2.90%
23:50	JPY	Domestic CGPI Y/Y May	-2.10%	-2.20%	-2.10%
0:30	AUD	Westpac Consumer Confidence Jun	-6.90%		6.40%
8:30	GBP	Industrial Production M/M Apr	0.40%	0.20%	0.50%	0.60%
8:30	GBP	Industrial Production Y/Y Apr	1.20%	0.60%	0.70%	1.10%
8:30	GBP	Manufacturing Production M/M Apr	-0.40%	0.10%	0.40%
8:30	GBP	Manufacturing Production Y/Y Apr	0.20%	0.40%	1.10%	1.20%
14:00	GBP	NIESR GDP Estimate May	0.60%		0.40%	0.50%
14:30	USD	Crude Oil Inventories	-6.8M	-1.5M	-1.9M
18:00	USD	Monthly Budget Statement May		-$100.5B

Orders and Options Watch

US Session: Orders and Options Watch

EUR: The single currency retreated after intra-day brief rise to 1.1386, offers are still noted at 1.1385, 1.1400 and 1.1430, selling interest is tipped further out at 1.1450, 1.1475 and 1.1500. On the downside, bids at 1.1300 and 1.1285 were filled but buy orders are still seen at 1.1250, 1.1230 and 1.1200, buying interest should emerge around 1.1185, 1.1150 and 1.1130, mixture of bids and stops is located at 1.1100.

Trade Idea Update: GBP/USD - Buy at 1.5410

Current rally above indicated resistance at 1.5441 (last week's high) adds credence to our view that the erratic rise from 1.5170 low is still in progress for retracement of early decline to 1.5540, then 1.5565-70 (61.8% Fibonacci retracement of 1.5816-1.5170), however, near term overbought condition should prevent sharp move beyond 1.5600-10, risk from there is seen for a retreat later.

Trade Idea Update: USD/JPY - Sell at 123.75

Dollar's selloff after meeting renewed selling interest at 124.62 together with the breach of previous support at 123.75 add credence to our view that top has been formed at 125.86 last week and downside bias remains for the fall from there to bring retracement of early upmove, hence weakness to 122.50 would be seen, however, near term oversold condition should limit downside to previous chart resistance at 122.03