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Action Insight Market Overview	Markets Snapshot
Daily Report: Asian Markets Stabilizing after Steep Selloff The US markets had a volatile wide overnight. DJIA tumbled more than -1000 pts in early trading, following the global selloff. Bargain hunters and short covering than helped the index pare back much of the losses. But towards the end of the session, investors gave up again as DJIA closed down -588.4 pts, or -3.57% at 15871.35, losing 16000 handle. S&P 500 also closed -77.68 pts, or -3.94% to close at 1893.21. That's marked the worst day in four years. While China stocks extended recent slide, other major Asian indices stabilized and recovered in Asian session today. In the currency markets, commodity currencies recover mildly today but stay the worst performing major currencies this week. Meanwhile, Euro, Yen and Swiss Franc remain the strongest. Full Report Here...
Featured Technical Report
USD/JPY Daily Outlook Daily Pivots: (S1) 115.71; (P) 118.86; (R1) 121.57; More... USD/JPY drew support from 115.55/116.38 support zone and formed a temporary bottom there. Intraday bias is turned neutral for some consolidations first. Upside of recovery should be limited below 61.8% retracement of 125.27 to 116.13 at 119.62 and bring fall resumption. Firm break of 116.38 will pave the way to 61.8% retracement at 110.54 next. 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
0:00	AUD	Conference Board Leading Index Jun	-0.20%		0.20%
2:00	CNY	Conference Board Leading Index Jul	0.90%		1.00%	0.60%
3:00	NZD	RBNZ 2-Year Inflation Expectation Q3	1.90%		1.90%
6:00	EUR	German GDP Q/Q Q2 F		0.40%	0.40%
8:00	EUR	German IFO - Business Climate Aug		107.6	108
8:00	EUR	German IFO - Current Assessment Aug		113.9	113.9
8:00	EUR	German IFO - Expectations Aug		102	102.4
8:30	GBP	Index of Services 3M/3M Jun		0.70%	0.40%
13:00	USD	House Price Index M/M Jun		0.40%	0.40%
13:00	USD	S&P/Case-Shiller Composite-20 Y/Y Jun		5.10%	4.94%
14:00	USD	New Home Sales Jul		510K	482K
14:00	USD	Consumer Confidence Aug		93.1	90.9

Orders and Options Watch

US Session: Orders and Options Watch

EUR: The single currency rallied on risk aversion and rose to the highest level since Feb 2015, briefly broke above 1.1700 level before retreating in NY morning. At the moment, some offers are now noted at 1.1630, 1.1670 and 1.1705-15 (stops above), sell orders are reported at 1.1740-50 and 1.1770-80, mixture of offers and stops is tipped at 1.1800-10. on the downside, bids are now seen at 1.1570, 1.1545-50 (stops below) and 1.1510-15, buy orders are expected at 1.1490, 1.1470 and 1.1450 with stops building up below 1.1420.

Trade Idea: EUR/GBP - Buy at 0.7255

The single currency has rallied and broke above previous resistance at 0.7224, adding credence to our view that low has been formed at 0.6936 last month and upside bias remains for the rebound from there to bring retracement of early decline to 0.7425-30, then towards previous resistance at 0.7483 which is likely to hold on first testing due to near term overbought condition.

Trade Idea: USD/CAD - Stand aside

Although the greenback resumed recent upmove today, lack of follow through buying suggests upside is likely to be limited to 1.3300 and reckon this minor wave v of iii would falter below 1.3350-60, risk from from there is seen for a correction to take place later.