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Action Insight Market Overview	Markets Snapshot
Daily Report: Aussie Recovers as RBA Stands Pat and Stays Neutral Australian dollar recovers as RBA left the cash rate unchanged at 2.00% as expected and maintained a neutral stance. The central bank noted that "further information on economic and financial conditions to be received over the period ahead will inform the Board's ongoing assessment of the outlook and hence whether the current stance of policy will most effectively foster sustainable growth and inflation consistent with the target." Regarding exchange rate, RBA noted that Aussie is "adjusting to the significant declines in key commodity prices." Also from Australia, retail sales rose 0.7% mom in June, much better than expectation of 0.4% mom. Trade deficits widened to AUD -2.93b in June but was smaller than expectation of AUD -3.06b. Full Report Here...
Featured Technical Report
AUD/USD Daily Outlook Daily Pivots: (S1) 0.7258; (P) 0.7286; (R1) 0.7313; More... AUD/USD recovers today but is staying below 0.7448 resistance and outlook is unchanged. As long as 0.7448 resistance holds, current decline is expected for long term retracement level at 0.7182. Meanwhile, break of 0.7448 will indicate short term reversal and turn bias back 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	Actual	Consensus	Previous	Revised
23:50	JPY	Monetary Base Y/Y Jul	32.80%	32.20%	34.20%
1:30	AUD	Trade Balance (AUD) Jun	-2.93B	-3.06B	-2.75B	-2.68B
1:30	AUD	Retail Sales M/M Jun	0.70%	0.40%	0.30%	0.40%
1:30	JPY	Labor Cash Earnings Y/Y Jun	-2.40%	0.90%	0.60%	0.70%
4:30	AUD	RBA Rate Decision	2.00%	2.00%	2.00%
6:00	GBP	Nationwide House Prices M/M Jul		0.40%	-0.20%
8:30	GBP	Construction PMI Jul		58.5	58.1
9:00	EUR	Eurozone PPI M/M Jun		-0.10%	0.00%
9:00	EUR	Eurozone PPI Y/Y Jun		-2.30%	-2.00%
14:00	USD	Factory Orders Jun		1.70%	-1.00%

Orders and Options Watch

US Session: Orders and Options Watch

EUR: Euro's retreat from 1.1114 has kept price under pressure, offers are still noted at 1.1000, 1.10200 and 1.1050, sell orders are reported at 1.1065, 1.1080-85 and 1.1100, selling interest is tipped at 1.1120, 1.1160 and 1.1185, mixture of offers and stops is located at 1.1200. On the downside, bids are seen at 1.0950, 1.0925-30 and 1.0900, buy orders are expected at 1.0880, 1.0860 and 1.0820-25, buying interest should emerge around 1.0800, 1.0780 and 1.0750 barrier (stops below).

Trade Idea: EUR/GBP - Stand aside

The single currency ran into resistance at 0.7098 on Friday and has retreated quickly, retaining our view that further choppy trading would be seen and weakness to 0.6985 support (last week's low) cannot be ruled out, however, only break of 0.6960-65 would signal the rebound from 0.6936 has ended at 0.7161, bring retest of this recent low later

Trade Idea: USD/CAD - Target met and stand aside

Despite Friday's brief retreat to 1.2941, the greenback found renewed buying interest there and has surged again in line with our bullish expectation, our long position entered at 1.2900 met indicated target at 1.3100 with 200 points profit, although current anticipated resumption of recent upmove adds credence to our bullish count and this wave iii may extend further gain to 1.3200