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Action Insight Market Overview	Markets Snapshot
Mid-Day Report: European Majors Lower as Sentiments Stabilized European majors are generally lower today while commodity currencies recover as risk sentiments stabilized. European indices are fluctuating between gain and loss in tight range today while US futures point to a rebound. Released from US, ADP report showed 190k growth in private sector jobs in August, slightly below expectation of 200k. Prior month's figure was revised lower fro 185k to 177k. Also from US, non-farm productivity was finalized at 3.3% in Q2 while unit labor cost dropped -1.4%. Full Report Here...
Featured Technical Report
GBP/USD Mid-Day Outlook Daily Pivots: (S1) 1.5266; (P) 1.5336; (R1) 1.5374; More... GBP/USD's decline is still in progress and intraday bias remains on the downside. Fall from 1.5929 should target 100% projection of 1.5929 to 1.5329 from 1.5817 at 1.5217. The whole rebound from 145.65 should have finished at 1.5929 too. Break of 1.5217 will pave the way to 161.8% projection at 1.4846. On the upside, above 1.5442 minor resistance will turn bias neutral first. But risk will stay on the downside as long as 1.5817 resistance holds. 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
23:50	JPY	Monetary Base Y/Y Aug	33.30%	33.20%	32.80%
01:30	AUD	GDP Q/Q Q2	0.20%	0.40%	0.90%
08:30	GBP	Construction PMI Aug	57.3	57.5	57.1
09:00	EUR	Eurozone PPI M/M Jul	-0.10%	-0.10%	-0.10%
09:00	EUR	Eurozone PPI Y/Y Jul	-2.10%	-2.10%	-2.20%
12:15	USD	ADP Employment Change Aug	190K	200K	185K	177K
12:30	USD	Non-Farm Productivity Q2 F	3.30%	2.50%	1.30%
12:30	USD	Unit Labor Costs Q2 F	-1.40%	-0.70%	0.50%
14:00	USD	Factory Orders Jul	0.4%	0.70%	1.80%	2.2%
14:30	USD	Crude Oil Inventories			-5.5M
18:00	USD	Fed Beige Book

Orders and Options Watch

US Session: Orders and Options Watch

GBP: Cable recovered after falling 1.5264, bids are still noted at 1.5265, 1.5250 and 1.5220, buying interest is tipped at 1.5190-00 and further out at 1.5160-70. On the upside, offers are seen at 1.5320 and 1.5350, sell orders are expected at 1.5380 and 1.5400, selling interest should emerge around 1.5420 and 1.5450.

Trade Idea: EUR/JPY - Sell at 136.35

Yesterday's drop below 135.26 support signals the fall from 139.01 (wave b top) is still in progress and bearishness remains for this move to extend further weakness to 134.50, then towards 133.90-00, however, near term oversold condition would limit downside to 133.50 and reckon 133.00-10 would hold from here, risk from there is seen for a rebound to take place later.

Trade Idea : AUD/USD - Sell at 0.7075

Yesterday's selloff together with the breach of previous support at 0.7043 signals recent downtrend has resumed and bearishness remains for further weakness to 0.6925-35 (1.618 times projection of 0.8163-0.7598 measuring from 0.7849) and later towards 0.6900, however, near term oversold condition should limit downside to 0.6870-75 and reckon 0.6850 would hold from here, bring rebound later.