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Action Insight Market Overview	Markets Snapshot
Mid-Day Report: Euro Lower on ZEW, Greece Stalemate Euro is generally lower against other major currencies as weighed down by the deadlock in Greece debt talk and weak economic sentiment data. On the other hand, Sterling was lifted by cross buying as well as inflation data that was inline with expectation. Dollar is mixed after release of housing data. From US, housing starts dropped to 1.036m annualized rate in May. Building permits dropped to 1.100m. Both were below market expectations. The movements in the forex markets are so far limited and traders would likely remain cautious ahead of tomorrow's FOMC statement and projections. Full Report Here...
Featured Technical Report
GBP/USD Mid-Day Outlook Daily Pivots: (S1) 1.5520; (P) 1.5566; (R1) 1.5646; More... GBP/USD's rebound from 1.5169 continues today and intraday bias remains on the upside. Further rise should be seen to retest 1.5814 resistance first. Break will resume the rally from 1.4565 to 61.8% retracement of 1.7190 to 1.4565 at 1.6187. At this point, we're slightly favoring that the rebound from 1.4565 is a correction. We'd expect strong resistance around 1.6187 to limit upside and bring reversal. Meanwhile, below 1.5420 minor support will turn bias to the downside for 1.5169 support. 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
20:00	USD	Net Long-term TIC Flows Apr	$53.9B	$22.5B	$17.6B	$25.6B
01:30	AUD	RBA Minutes
05:45	CHF	SECO June 2015 Economic Forecasts
06:00	EUR	German CPI M/M May F	0.10%	0.10%	0.10%
06:00	EUR	German CPI Y/Y May F	0.70%	0.70%	0.70%
08:30	GBP	CPI M/M May	0.20%	0.20%	0.20%
08:30	GBP	CPI Y/Y May	0.10%	0.10%	-0.10%
08:30	GBP	Core CPI Y/Y May	0.90%	1.00%	0.80%
08:30	GBP	RPI M/M May	0.20%	0.30%	0.40%
08:30	GBP	RPI Y/Y May	1.00%	1.10%	0.90%
08:30	GBP	PPI Input M/M May	-0.90%	0.60%	0.40%	1.40%
08:30	GBP	PPI Input Y/Y May	-12.00%	-11.30%	-11.70%	-11.00%
08:30	GBP	PPI Output M/M May	0.10%	0.10%	0.10%
08:30	GBP	PPI Output Y/Y May	-1.60%	-1.60%	-1.70%
08:30	GBP	PPI Output Core M/M May	0.00%	0.00%	0.00%
08:30	GBP	PPI Output Core Y/Y May	0.10%	0.10%	0.10%
09:00	EUR	Eurozone Employment Q/Q Q1	0.10%	0.10%	0.10%
09:00	EUR	German ZEW (Current Situation) Jun	62.9	63	65.7
09:00	EUR	German ZEW (Economic Sentiment) Jun	31.5	37.3	41.9
09:00	EUR	Eurozone ZEW (Economic Sentiment) Jun	53.7	60.3	61.2
12:30	USD	Housing Starts May	1.036M	1.10M	1.14M	1.165M
12:30	USD	Building Permits May	1.100M	1.11M	1.14M
12:30	CAD	International Securities Transactions (CAD) Apr	12.94B	5.03B	22.50B	22.56B

Orders and Options Watch

US Session: Orders and Options Watch

EUR: The single currency traded narrowly after finding support at 1.1189, offers are still noted at 1.1260, 1.1280 and 1.1300, more sell orders are reported at 1.1320, 1.1340 and 1.1365, selling interest is tipped at 1.1380 and 1.1400. On the downside, bids are now seen at 1.1200-05 and 1.1185, buy orders are expected at 1.1150, 1.1130 and 1.1100, buying interest should emerge around 1.1080-85, 1.1065 and 1.1050.

Trade Idea Update: GBP/USD - Buy at 1.5515

Although cable has risen again after intra-day brief retreat to 1.5542 in part due to active cross-buying in sterling and gain to 1.5660-70 cannot be ruled out, loss of near term upward momentum should prevent sharp move beyond previous resistance at 1.5700, risk from there is seen for a retreat to take place soon.

Trade Idea Update: USD/JPY - Hold short entered at 123.50

The greenback has continued to trade in familiar range and further consolidation would be seen, however, as long as Friday's high at 123.82 holds, prospect of another decline remains, below support at 123.12 would extend weakness to 122.95-00 but break there is needed to signal the rebound from last week's low at 122.46 has ended at 124.16 (exactly 50% Fibonacci retracement of 125.86-122.46), bring further fall towards said support at 122.46.