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Action Insight Market Overview	Markets Snapshot
Daily Report: Quiet Trading as More Fedspeaks Awaited Asian markets opened mxi as trading volume is light with Hong Kong, Taiwan and South Korea on Mid-Autumn Festival holiday. Nikkei is trading down -1%, or -170pts, at the time of writing while Australia ASX 200 is trading up 1%. Weak economic data were released from China as industrial profits dropped -8.8% yoy in August, a sharp deterioration fro July's -2.9% yoy. But the data was shrugged off for the number of key events in the week ahead. In the currency markets, most major currencies are stuck in range against others with mild strength in Kiwi against other commodity currencies. In other markets, gold continues to feel the resistance around 1150 handle while crude oil is gyrating in range around 45. Full Report Here...
Featured Technical Report
USD/CAD Daily Outlook Daily Pivots: (S1) 1.3299; (P) 1.3327; (R1) 1.3356; More... With 1.3232 minor support intact, further rise is expected in USD/CAD. The larger up trend is resuming and current rally would target next long term retracement level at 1.3469. Meanwhile, below 1.3232 will bring deeper pull back first. But in that case, strong support should be seen at 1.3011 and bring another rally. 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	Consensus	Previous
12:30	USD	Personal Income Aug	0.40%	0.40%
12:30	USD	Personal Spending Aug	0.30%	0.30%
12:30	USD	PCE Deflator M/M Aug	0.00%	0.10%
12:30	USD	PCE Deflator Y/Y Aug		0.30%
12:30	USD	PCE Core M/M Aug	0.10%	0.10%
12:30	USD	PCE Core Y/Y Aug	1.20%	1.20%
14:00	USD	Pending Home Sales M/M Aug	0.40%	0.50%

Orders and Options Watch

US Session: Orders and Options Watch

EUR: The single currency found support at 1.1116 and has recovered, offers at 1.1165 were filled but sell orders are still noted at 1.1180, 1.1200 and 1.1220-25, selling interest is tipped at 1.1245, 1.1275 and 1.1300. On the downside, bids are seen at 1.1150 and 1.1115-20, mixture of bids and stops remains at 1.1100-05, buy orders are expected at 1.1085, 1.1065 and 1.1050, buying interest should emerge around 1.1030 and 1.1000.

Trade Idea: EUR/GBP - Hold long entered at 0.7320

Although the single currency has retreated after rising to 0.7411 yesterday and consolidation below this level would be seen, reckon 0.7300-05 would limit downside and bring another rise later towards last month's high of 0.7423, however, break there is needed to confirm upmove has resumed and extend the rise from 0.6936 low (wave v trough) to 0.7450-55 and later towards 0.7490-00 which is likely to hold from here due to near term overbought condition.

Trade Idea: USD/CAD - Buy at 1.3235

As the greenback has retreated after rising to 1.3417, suggesting consolidation below this level would be seen and pullback to 1.3270-75 cannot be ruled out, however, reckon 1.3235-40 would limit downside and bring another upmove later, above said resistance at 1.3417 would extend recent upmove to 1.3450 and then towards 1.3490-00, however, near term overbought condition should prevent sharp move beyond 1.3620-30 (50% projection of 1.2128-1.3354 measuring from 1.3013), risk from there is seen for a correction to take place later.