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Action Insight Market Overview	Markets Snapshot
Mid-Day Report: Global Market Crash Continues The global stock market crash carries on into US session. DJIA extends recent dive and drops more than -1000 pts in initial trading, breaking 15500 handle. European indices are trading down over -5% at the time of writing, with CAC losing as much as -6.8%. WTI crude oil also extends recent down trend and reaches as low as 38.12 so far. Meanwhile, gold reversed earlier loss and is trading above 1160 for the moment. In the currency markets, commodity currencies are overwhelming weak. Meanwhile, strength is found in Euro, Swiss Franc and Yen on risk aversion. Dollar and Sterling are weighed down by diminishing chance of rate hike in near term. Full Report Here...
Featured Technical Report
USD/JPY Mid-Day Outlook Daily Pivots: (S1) 121.41; (P) 122.45; (R1) 123.09; More... USD/JPY drops to as low as 116.13 so today. Some support is seen around 115.55 and 38.2% retracement of 101.08 to 125.85 at 116.38 and recovered. Nonetheless intraday bias remains on the downside for the moment. Sustained trading below 115.55 will target 61.8% retracement at 110.54 next. Meanwhile, above 119.54 minor resistance will indicate initial bottoming and turn bias neutral. 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
12:30	USD	Chicago Fed Nat Activity Index Jul	0.34	0.2	0.08

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 Update: GBP/USD - Target met and buy at 1.5730

The British pound finally rallied in line with our bullish expectation, our long position entered at 1.5640 met target at 1.5740 (with 100 points profit), adding credence to our view that the erratic rise from 1.5330 low is still in progress and may extend gain to 1.5820-30 and possibly towards 1.5850, however, near term overbought condition would limit upside and price should falter below 1.5890-00.

Trade Idea Update: USD/JPY - Sell at 118.70

Dollar's intra-day selloff accelerated on broad-based weakness in the greenback as US stocks tumble, adding credence to our bearish view that the fall from 125.86 top is still in progress and may extend weakness to 116.00, however, near term oversold condition should limit downside to 115.70 and reckon 115.50 would hold on first testing.