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Action Insight Market Overview	Markets Snapshot
Daily Report: Euro and Dollar Lower in Quiet Markets Euro and dollar are generally lower this week so far on dull holiday trading. Volatility would increase as US will be back from holiday today. Asian markets are mixed after release of a batch of economic data. Data from China showed worsening in foreign trade again in August. Both exports and imports contracted more than expected and raised much doubt on the health of the economy. Exports dropped -6.1% yoy while imports dropped -14.3% yoy. Overall trade contracted -9.7% yoy. Trade surplus widened to USD 57.8b. PBoC said yesterday that the country's foreign exchange reserves dropped USD -93.9b in August to USD 3.56T. It's reported that capital outflow was a big concern while the central bank intervened in the markets to shore up the yuan and prevent capital outflow. Full Report Here...
Featured Technical Report
GBP/USD Daily Outlook Daily Pivots: (S1) 1.5198; (P) 1.5242; (R1) 1.5315; More... A temporary low is in place at 1.5164 in GBP/USD and intraday bias is turned neutral first. Some consolidations would be seen but upside of recovery should be limited by 1.5436 resistance and bring fall resumption. Below 1.5164 will extend the fall from 1.5929 to 61.8% retracement of 1.4565 to 1.5929 at 1.5086 an below. However, sustained break of 1.5436 will turn focus back to 1.5929 resistance 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
22:45	NZD	Manufacturing Activity Q2	0.40%		-2.80%	-2.60%
23:01	GBP	BRC Retail Sales Monitor Y/Y Aug	-1.00%		1.20%
23:50	JPY	Current Account (JPY) Jul	1.32T	1.25T	1.30T
23:50	JPY	GDP Q/Q Q2 F	-0.30%	-0.40%	-0.40%
23:50	JPY	GDP Deflator Y/Y Q2 F	1.50%	1.60%	1.60%
1:30	AUD	NAB Business Confidence Aug	1		4
2:00	CNY	Trade Balance Aug	$57.77B	$51.10B	$43.03B
5:00	JPY	Eco Watchers Survey: Current Aug		52.1	51.6
5:45	CHF	Unemployment Rate Aug		3.30%	3.30%
6:00	EUR	German Trade Balance (EUR) Jul		21.8B	22.0B
9:00	EUR	Eurozone GDP Q/Q Q2 P		0.30%	0.30%

Orders and Options Watch

US Session: Orders and Options Watch

EUR: The single currency remained confined in familiar range and further consolidation is in store, offers are still noted at 1.1180-85 and 1.1200, sell orders are reported at 1.1225 and 1.1250 (stops above), selling interest is tipped at 1.1280 and 1.1300. On the downside, bids are now seen at 1.1120 and 1.1090-00, more buy orders are expected at 1.1050-60 and 1.1020-25, buying interest should emerge around 1.0990-00 (stops below 1.0980).

Trade Idea: EUR/GBP - Hold long entered at 0.7300

As euro has retreated again after meeting resistance at 0.7357 earlier today, retaining our view that further consolidation would be seen but as long as indicated minor support at 0.7262 holds, prospect of another rebound remains, above resistance at 0.7376 would bring test of 0.7395 but break there is needed to signal upmove has resumed for retest of 0.7423.

Trade Idea: USD/CAD - Buy at 1.3210

The greenback has continued to edge higher after finding good support 1.3163 on Friday and bullishness remains for a retest of previous resistance at 1.3354, however, break there is needed to confirm recent upmove has resumed and extend further gain to 1.3390-00. Having said that, this minor wave v of iii should be limited to 1.3440-50, risk from from there is seen for a correction to take place later.