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Action Insight Market Overview	Markets Snapshot
Mid-Day Report: China Rebound Led Global Stocks Higher, Sterling and Aussie Up Late rebound in China's stock markets led global equities generally higher today. The Shanghai composite index once lost as much as -2.3% during the session but reversed to close 2.9% higher at 3170.45. That also the first rise in five days. European indices follow with DAX up 2.3%, CAC up 1.9% and FTSE up 1.6% at the time of writing. Meanwhile, US futures also point to a rebound today and DJIA may head back to 16300 handle in initial trading. In the currency markets, major pairs and crosses are reversing recent moves. In particular, some strength is seen in Aussie, Kiwi and Sterling while weakness is seen in Yen and Swiss Franc. Full Report Here...
Featured Technical Report
GBP/USD Mid-Day Outlook Daily Pivots: (S1) 1.5198; (P) 1.5242; (R1) 1.5315; More... The rebound from 1.5164 extended higher today but stays below 1.5436 resistance so far. Intraday bias remains neutral for the moment and we'd still expect another fall. 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	49.3	52.1	51.6
5:45	CHF	Unemployment Rate Aug	3.30%	3.30%	3.30%
6:00	EUR	German Trade Balance (EUR) Jul	22.8B	21.8B	22.0B	22.1B
9:00	EUR	Eurozone GDP Q/Q Q2 P	0.40%	0.30%	0.30%

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 Update: GBP/USD - Buy at 1.5300

Cable has staged another strong rebound today, adding credence to our view that low has been formed at 1.5164 and consolidation with upside bias remains for retracement of recent decline, hence gain to 1.5414 (38.2% Fibonacci retracement of 1.5818-1.5164) would be seen, however, break of resistance area at 1.5437-43 is needed to retain bullishness

Trade Idea Update: USD/JPY - Buy at 119.65

Although the greenback slipped initially to 118.85, dollar found renewed buying interest there and has staged a strong rebound, suggesting low has been formed at 118.59 late last week and consolidation with mild upside bias is seen for gain to 120.30-40., break there would add credence to this view and extend rebound to 120.70 resistance.