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Action Insight Market Overview	Markets Snapshot
Daily Report: Markets Stay Weak, Unconvinced by China's Easing Markets seemed to be unconvinced by China's easing measures announced yesterday. DJIA erased initial bounce and ended -204.91 pts, or -1.29%, down at 15666.44. S&P 500 dropped -25.6 pts, or -1.35%, to close at 1867.61. DJIA dropped over -200 pts for the fourth straight day and that's the longest losing streak of this magnitude in history. Nikkei does rebound today and is trading up 240 pts, or 1.36%, above 18000 handle at the time of writing. But China Shanghai composite and HK HSI just fluctuate between gain and loss. In the currency markets, weakness in commodity currencies continue. Yen remains the biggest winner this week on risk aversion and that's followed closely by Euro and Swiss franc. Dollar and Sterling are stuck in the middle. Full Report Here...
Featured Technical Report
USD/CAD Daily Outlook Daily Pivots: (S1) 1.3204; (P) 1.3278; (R1) 1.3413; More... USD/CAD's rally is still in progress and reaches as high as 1.3353 so far. Intraday bias remains on the upside or next long term retracement level at 1.3469. On the downside, break of 1.3059 support is needed to indicate short term topping. Otherwise, outlook will stay bullish in case of retreat. 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	Trade Balance (NZD) Jul	-649M	-600M	-60M	-194M
23:50	JPY	Corporate Service Price Y/Y Jul	0.60%	0.40%	0.40%
1:30	AUD	Construction Work Done Q2	1.60%	-1.50%	-2.40%	-0.80%
6:00	CHF	UBS Consumption Indicator Jul			1.68
10:00	GBP	CBI Reported Sales Aug		18	21
12:30	USD	Durable Goods Orders Jul		-0.40%	3.40%
12:30	USD	Durables Ex Transportation Jul		0.40%	0.80%
14:30	USD	Crude Oil Inventories			2.6M

Orders and Options Watch

US Session: Orders and Options Watch

EUR: The single currency continued to trade lower and bids at 1.1500-10, 1.1480-85 and 1.1465 were filled, however, buy orders are noted at 1.1450 and 1.1420-25, buying interest is tipped at 1.1400-05 and 1.1370-75. On the upside, offers are seen at 1.1500, 1.1520 and 1.1550, sell orders are reported at 1.1565, 1.1580 and 1.1600, sellers are awaiting at 1.1620, 1.1650 and 1.1680, selling interest should emerge around 1.1700 and 1.1720.

Trade Idea: EUR/GBP - Buy at 0.7230

As the single currency has retreated after surging to 0.7423 yesterday, suggesting consolidation below this level would be seen and pullback to 0.7220-25 (50% Fibonacci retracement of 0.7026-0.7423) cannot be ruled out, however, reckon 0.7200 would hold and bring rebound later, above 0.7320-25 would bring rebound to 0.7350-60 but reckon upside would be limited to 0.7400

Trade Idea: USD/CAD - Stand aside

As 1.3144 has contained intra-day retreat from 1.3298, retaining our near term bullishness for recent upmove to extend gain to 1.3300-10, however, this minor wave v of iii should falter below 1.3350-60, risk from from there is seen for a correction to take place later.