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Action Insight Market Overview	Markets Snapshot
Daily Report: Asian Equities Lower as Focus on FOMC Minutes Asian equities are generally lower today as worries over China's economy and Fed's rate hike persist. Major indices follow China down as the Shanghai composite index drops again, down over -3% at the time of writing. HK HSI is down -1% while Japanese Nikkei is down -1.2%. In other markets, WTI crude oil is struggling in tight range around 42 while gold is also trading around 1110/20. In the currency markets, Canadian dollar recovers mildly today in spite of weakness in crude oil. Aussie is so far the weakest one as weighed down by China. European majors are mixed with weakness in Euro but strength in Sterling. Dollar is mixed while weakness is seen in Yen despite risk aversion. Full Report Here...
Featured Technical Report
GBP/USD Daily Outlook Daily Pivots: (S1) 1.5575; (P) 1.5645; (R1) 1.5730; More... . Intraday bias in GBP/USD remains on the upside for the moment. The rebound from 1.5329 is resuming and would target 1.5929 resistance and possibly above. But we'd continue to be cautious on strong resistance from 61.8% retracement of 1.7190 to 1.4565 at 1.6187 to limit upside to complete whole rise from 1.4565. On the downside, below 1.5561 minor support will turn bias back to the downside for 1.5329/5423 support zone instead. 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	PPI Inputs Q/Q Q2	-0.30%	-0.50%	-1.10%
22:45	NZD	PPI Outputs Q/Q Q2	-0.20%	-0.20%	-0.90%
23:50	JPY	Trade Balance (JPY) Jul	-0.37T	-0.16T	-0.25T	-0.28T
0:30	AUD	Westpac Leading Index M/M Jul	0.00%		0.00%
4:30	JPY	All Industry Activity Index M/M Jun	0.30%	0.40%	-0.50%
8:00	EUR	Eurozone Current Account (EUR) Jun		19.2B	18.0B
12:30	USD	CPI M/M Jul		0.10%	0.30%
12:30	USD	CPI Y/Y Jul		0.20%	0.10%
12:30	USD	CPI Core M/M Jul		0.20%	0.20%
12:30	USD	CPI Core Y/Y Jul		1.90%	1.80%
14:30	USD	Crude Oil Inventories			-1.7M
18:00	USD	FOMC Meeting Minutes

Orders and Options Watch

US Session: Orders and Options Watch

EUR: The single currency has slipped again and bids at 1.1050 were filled but buy orders are still noted at 1.1020 and 1.1000, buyers are expected at 1.0985, 1.0965 and 1.0950, buying interest should emerge around 1.0930, 1.0900 and 1.0885. On the upside, offers are seen at 1.1070-80, 1.1100 and 1.1120-25, sell orders are reported at 1.1150, 1.1180 and 1.1200, selling interest is tipped at 1.1220, 1.1245, 1.1265 and 1.1285, mixture of offers and stops is located at 1.1300.

Trade Idea Wrap-up: GBP/USD - Buy at 1.5630

As the British pound has retreated after intra-day rally to 1.5717, suggesting minor consolidation below this level would be seen and pullback to the Kijun-Sen (now at 1.5640) cannot be ruled out, however, reckon the lower Kumo (now at 1.5631) would limit downside and bring another rise later. Above said resistance at 1.5717 would extend early erratic rise from 1.5330 low to 1.5750, then test of resistance at 1.5789.

Trade Idea Wrap-up: USD/JPY - Hold short entered at 124.50

The greenback is expected to continue to trade within near term established range and further sideways trading would be seen, however, as long as indicated resistance at 124.63 holds, mild downside bias remains for another fall to support at 124.05, break there would bring test of support at 123.79 but below there is needed to add credence to our view that top has been formed at 125.28 last week, bring subsequent fall towards previous support at 123.52.