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Action Insight Market Overview	Markets Snapshot
Daily Report: Aussie Steady after RBA Minutes, UK CPI Watched Australian dollar remains steady in tight range in Asian session after RBA minutes. The minutes for August 4 meeting noted that " an accommodative monetary policy setting remained appropriate given the forecasts, while observing that the Australian dollar had been adjusting to the shift in activity in the resources sector from the investment production phase." The central bank reiterated that "further depreciation of the Australian dollar was expected to impart stimulus to the economy through stronger net exports." RBA also noted the expected rate hike by Fed this year and said that "it was likely that financial market volatility would increase and the U.S. dollar could appreciate further, including against the Australian dollar." Full Report Here...
Featured Technical Report
AUD/USD Daily Outlook Daily Pivots: (S1) 0.7346; (P) 0.7367; (R1) 0.7391; More... Intraday bias in AUD/USD remains neutral for the moment. As long as 0.7438 resistance holds, near term outlook stays bearish and further decline is expected. Below 0.7214 will target 0.7182 fibonacci level next. Break will target 61.8% projection of 0.9504 to 0.7625 from 0.8161 at 0.7000. However, as AUD/USD is close to key support level of 0.7182, break of 0.7438 will be an early sign of medium term bottoming and will turn bias to the upside for 0.7597 support turned 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

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GMT	Ccy	Events	Consensus	Previous
01:30	AUD	RBA Minutes
08:30	GBP	CPI M/M Jul	-0.30%	0.00%
08:30	GBP	CPI Y/Y Jul	0.00%	0.00%
08:30	GBP	Core CPI Y/Y Jul	0.80%	0.80%
08:30	GBP	RPI M/M Jul	-0.10%	0.20%
08:30	GBP	RPI Y/Y Jul	1.00%	1.00%
08:30	GBP	PPI Input M/M Jul	-2.00%	-1.30%
08:30	GBP	PPI Input Y/Y Jul	-12.80%	-12.60%
08:30	GBP	PPI Output M/M Jul	-0.10%	0.00%
08:30	GBP	PPI Output Y/Y Jul	-1.50%	-1.50%
08:30	GBP	PPI Output Core M/M Jul	0.00%	0.00%
08:30	GBP	PPI Output Core Y/Y Jul	0.20%	0.10%
08:30	GBP	DCLG UK House Prices Y/Y Jun	5.90%	5.70%
12:30	USD	Building Permits M/M Jul	-10.30%	7.40%
12:30	USD	Housing Starts M/M Jul	0.50%	9.80%
12:30	USD	Building Permits Jul	1.21M	1.34M
12:30	USD	Housing Starts Jul	1.20M	1.17M

Orders and Options Watch

US Session: Orders and Options Watch

EUR: The single currency found support at 1.1062 and has recovered but sell orders are still noted at 1.1125, 1.1150 and 1.1180, selling interest is tipped at 1.1200, 1.1220 and 1.1245, sellers are awaiting at 1.1265, 1.1285 and 1.1300. On the downside, bids remain at 1.1050-60, 1.1020 and 1.1000, buy orders are expected at 1.0985, 1.0965 and 1.0950, buying interest should emerge around 1.0930 and 1.0900.

Trade Idea: EUR/GBP - Hold long entered at 0.7070

Although the single currency retreated after rising to 0.7170 last week and consolidation below this level would be seen, reckon downside would be limited to 0.7060-65, bring another rise later, above said resistance at 0.7170 would add credence to our view that another leg of corrective rise from 0.6936 low is underway for further gain towards 0.7200 but reckon another previous resistance at 0.7224 would hold from here.

Trade Idea : USD/CAD - Stand aside

Although the greenback has rebounded again and gain to 1.3155-60 cannot be ruled out, a break of 1.3182-84 resistance is needed to signal pullback from 1.3213 has ended, bring retest of this level, once this recent high is penetrated, this would signal upmove has resumed and extend gain to 1.3250-60 but loss of upward momentum should prevent sharp move beyond 1.3300 and price should falter below 1.3350