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Action Insight Market Overview	Markets Snapshot
Daily Report: Sterling Maintains Post BoE Gains US equities closed higher overnight with DJIA gained 76.83 pts or 0.47% at 16330.40 while S&P 500 rose 10.52 pts, or 0.53% to close at 1952.29. DJIA seemed to have some difficulty in sustaining above 16500 handle as markets focus are turning to next week's FOMC rate decision. Asian markets are mixed with Nikkei trading mildly lower at the time of writing. In bond markets, US 30 year yields extended recent rebound but lost momentum ahead of 3% handle. Gold is notably lower this week and is soft at around 1110 while Crude oil continues to consolidate between 44/46. In the currency markets, Australian dollar remains the strongest one this week as lifted by rebound in stocks, in particular in Asia. Sterling follows closely after BoE rate decision. Yen remains the weakest one. Full Report Here...
Featured Technical Report
GBP/USD Daily Outlook Daily Pivots: (S1) 1.5362; (P) 1.5419; (R1) 1.5499; More... The rebound from 1.5164 extended higher and the development suggests that fall from 1.5929 was a correction and has completed at 1.5164. Intraday bias is back on the upside or 1.5817 resistance first. The rise from 1.4565 might extend through 1.5929. But in that case, we'd expect strong resistance from 61.8% retracement of 1.7190 to 1.4565 at 1.6187 to limit upside. On the downside, below 1.5338 will turn focus back to 1.5164 support 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
22:30	NZD	Business NZ Manufacturing Index Aug	55		53.5	53.7
23:50	JPY	BSI Large Manufacturing Q3	11	-1.9	-6
6:00	EUR	German CPI M/M Aug F		0.00%	0.00%
6:00	EUR	German CPI Y/Y Aug F		0.20%	0.20%
12:30	USD	PPI M/M Aug		-0.10%	0.20%
12:30	USD	PPI Y/Y Aug			-0.80%
12:30	USD	PPI Core M/M Aug		0.10%	0.30%
12:30	USD	PPI Core Y/Y Aug			0.60%
14:00	USD	U. of Michigan Confidence Sep P		92	91.9

Orders and Options Watch

US Session: Orders and Options Watch

EUR: The single currency found support at 1.1172 and has rebounded again, bids are still noted at 1.1170-75, 1.1160 and 1.1145-50, buy orders are reported at 1.1120, 1.1100 and 1.1085, buying interest is tipped at 1.1070 and 1.1050. On the upside, offers are seen at 1.1225, 1.1245-50 and 1.1270-75, sell orders are expected at 1.1300, 1.1320 and 1.1335, selling interest should emerge around 1.1350 and 1.1390-00.

Trade Idea: USD/CAD - Hold long entered at 1.3210

As the greenback has rebounded after holding above indicated support at 1.3150-55, retaining our bullishness for gain to resistance at 1.3325-27 but break there is needed to signal correction from 1.3354 has ended, bring retest of this recent high. Once this level is penetrated, this would extend recent upmove to 1.3390-00, however, this minor wave v of iii should be limited to 1.3440-50

Trade Idea: EUR/GBP - Stand aside

The single currency has retreated again after meeting resistance at 0.7320, retaining our view that near term downside risk remains for another corrective decline from 0.7423 top to bring retracement of recent upmove to 0.7220-25 (50% Fibonacci retracement of 0.7026-0.7423), however, reckon 0.7200 would limit downside and 0.7170-78 (previous resistance and 61.8% Fibonacci retracement) should hold