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Action Insight Market Overview	Markets Snapshot
Daily Report: Yen Pressured and Stock Markets Rebound Strongly Stock markets staged a strong rebound on optimism that weak China data would prompt the the government to provide more stimulus to prevent a hard landing. DJIA rose 390 pts, or 2.42% to close at 16492.68 after breaching 16500 handle briefly. S&P 500 also rose 48.19 pts, or 2.51% to close at 1969.41. Asian markets followed with most impressive rally in Japan. Nikkei trades up over 950 pts, nearly 5.5% and is on track to register the biggest daily gain since March 2011. Both the China Shanghai composite and Hong Kong HSI are trading up nearly 3% at the time of writing. In the currency markets, Yen is broadly lower on receding risk aversion. Meanwhile, commodity currencies and Sterling are so far the strongest major currencies this week. Full Report Here...
Featured Technical Report
USD/CAD Daily Outlook Daily Pivots: (S1) 1.3159; (P) 1.3233; (R1) 1.3283; More... The consolidation from 1.3353 short term top is still in progress. Intraday bias in USD/CAD remains neutral for the moment. As long as 1.2951 support holds, further rally is expected. Above 1.3353 will target next long term retracement level at 1.3469. However, break of 1.2951 will confirm near term reversal and bring deeper pull back. 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
23:01	GBP	BRC Shop Price Index Y/Y Aug	-1.40%		-1.40%
23:50	JPY	Japan Money Stock M2+CD Y/Y Aug	4.20%	4.10%	4.10%	4.00%
0:30	AUD	Westpac Consumer Confidence Sep	-5.60%		7.80%
1:30	AUD	Home Loans Jul	0.30%	0.80%	4.40%	4.80%
5:00	JPY	Consumer Confidence Index Aug		40.6	40.3
6:00	JPY	Machine Tool Orders Y/Y Aug P			1.70%
8:30	GBP	Industrial Production M/M Jul		0.10%	-0.40%
8:30	GBP	Industrial Production Y/Y Jul			1.50%
8:30	GBP	Manufacturing Production M/M Jul		0.20%	0.20%
8:30	GBP	Manufacturing Production Y/Y Jul			0.50%
8:30	GBP	Visible Trade Balance (GDP) Jul		-9.5B	-9.2B
12:15	CAD	Housing Starts Aug		194K	193.0K
12:30	CAD	Building Permits M/M Jul			14.80%
14:00	CAD	BoC Rate Decision		0.50%	0.50%
14:00	GBP	NIESR GDP Estimate Aug			0.70%
21:00	NZD	RBNZ Rate Decision		2.75%	3.00%

Orders and Options Watch

US Session: Orders and Options Watch

GBP: Cable eased after rising to 1.5413, offers are still noted at 1.5415-20, 1.5450, more selling interest is tipped at 1.5500-10 and 1.5550. On the downside, bids remain at 1.5350, 1.5320-30 and 1.5300, more buy orders are expected at 1.5250, 1.5220 and 1.5200 (stops below), buying interest should emerge around 1.5160-65 (stops below 1.5150).

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

Although the greenback has retreated again after faltering below resistance at 1.3325-27 and further consolidation would be seen, as long as support at 1.3163 holds, upside bias remains for another rise, above said resistance would bring retest of recent high at 1.3354, however, break there is needed to confirm recent upmove has resumed

Trade Idea: EUR/GBP - Stand aside

The single currency has slipped again today, dampening our bullishness and further consolidation below resistance at 0.7423 would be seen, downside risk of another corrective fall to 0.7220-25 (50% Fibonacci retracement of 0.7026-0.7423) cannot be ruled out, however, reckon 0.7200 would limit downside