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Action Insight Weekly Report 7-2-11

2011-07-02T06:38:00.001-07:00

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Action Insight	Candlesticks Trades	Markets Summary	Action Bias	Top Movers	Daily Technicals
Calendar	Elliott Wave Trades	Markets Volatility	Pivot Points	Heat Map	Daily Fundamentals

Action Insight Weekly Report	Markets Snapshot
Risk Appetite Surged as on Greece Resolution, Swiss Franc Reversed Risk sentiments had a drastic turnaround last week as Greece has secured the fifth tranche of bailout fund from EU at EUR 12b to avoid and immediate default. The strong rebound in US equities was impressive with DOW and S&P up 5.4% and 5.6% respectively during the week, both posting largest weekly gains since July 2009. Canadian dollar, Australian dollar and New Zealand were the strongest currencies last week in the risk seeking environment and were support by rebound in commodities in general. Meanwhile, safe haven assets suffered. Swiss Franc had a sharp and broad based reversal after making record highs against most major currencies in June. Gold, on the other hand, also tumbled through 1500 level against dollar and was extremely weak against Euro. Euro was the strongest among European majors while dollar was weak except versus yen and swissy. Full Report Here...
Featured Technical Report
EUR/CHF Weekly Outlook EUR/CHF's strong rebound to 1.2332 last week suggests that fall from 1.3233 has finished at 1.1807 and a short term bottom is formed. Initial bias remains on the upside this week for further rise to 61.8% retracement of 1.3233 to 1.1807 at 1.2688. On the downside, below 1.2185 minor support will turn bias neutral and bring consolidations. But downside should be contained by 4 hours 55 EMA (now at 1.2070) and bring another rise. We'd expect consolidations from 1.1807 to continue for a while. 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

Forex Brokers

Suggested Readings

The Week in Review and Preview

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Action Insight Mid-Day Report 7-1-11

2011-07-01T08:31:00.001-07:00

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Action Insight	Candlesticks Trades	Markets Summary	Action Bias	Top Movers	Daily Technicals
Calendar	Elliott Wave Trades	Markets Volatility	Pivot Points	Heat Map	Daily Fundamentals

Action Insight Market Overview	Markets Snapshot
Mid-Day Report: Dollar Mildly up against Yen, Swissy after Strong ISM Manufacturing Manufacturing data is the main driver in the markets today. Risk appetite, as well as the greenback are given a boost by stronger than expected ISM manufacturing index. The index rose to 55.3 in May versus consensus of a fall to 51.5. Strength is seen broadly in most components, in particular with employment climbed from 58.2 to 59.9. The US recovery slowed a bit in Q2 but is possibly regaining momentum into Q3. DOW rose more than 100 pts with support from the data while the Japanese yen is broadly lower. Dollar is lifted mildly but there is no follow through selling so far. Full Report Here...
Featured Technical Report
USD/CHF Mid-Day Outlook Daily Pivots: (S1) 0.8318; (P) 0.8391; (R1) 0.8477; More. USD/CHF rises sharply to as high as 0.8524 so far and intraday bias remains on the upside for 0.8550 resistance first. Break will put 55 days EMA (now at 0.8619) into focus. On the downside, though, below 0.8392 minor support will indicate that rebound from 0.8275 is possibly offer and will flip bias back to the downside for retesting this support. 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

Forex Brokers

Economic Indicators Update

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GMT	Ccy	Events	Actual	Consensus	Previous
23:30	JPY	Household Spending Y/Y May	-1.90%	-1.70%	-3.00%
23:30	JPY	Unemployment Rate May	4.50%	4.80%	4.70%
23:30	JPY	Tokyo Core CPI Y/Y Jun	0.10%	0.20%	0.10%
23:30	JPY	National Core CPI Y/Y May	0.60%	0.50%	0.60%
23:50	JPY	Tankan Large Manufacturers Index Q2	-9	-7	6
23:50	JPY	Tankan Non-Manufacturing Index Q2	-5	-4	3
01:00	CNY	PMI Manufacturing Jun	50.9	51.5	52
07:30	CHF	SVME-PMI Jun	53.4	57.8	59.2
08:00	EUR	Eurozone PMI Manufacturing Jun F	52	52	52
08:30	GBP	PMI Manufacturing Jun	51.3	52.3	52.1
09:00	EUR	Eurozone Unemployment Rate May	9.90%	9.90%	9.90%
13:55	USD	U. of Michigan Confidence Jun F	71.5	72	71.8
14:00	USD	Construction Spending M/M May	-0.60%	0.00%	0.40%
14:00	USD	ISM Manufacturing Jun	55.3	51.5	53.5
14:00	USD	ISM Prices Paid Jun	68	72	76.5

Forex Trade Ideas

Next Candlesticks and Ichimoku Trade Idea update will be made on Monday 4 July.

Candlesticks Intraday Trade Ideas Update Schedule (GMT):
1st Update: 0630 - 0700; 2nd Update: 0930 - 1000; 3rd Update: 1230 - 1300; 4th Update: 1500 - 1530
Pairs Covered: EUR/USD, USD/JPY, GBP/USD, USD/CHF

Elliott Wave Daily Trade Ideas Update Schedule (GMT):
AUD/USD, EUR/JPY: 0800 - 0830; EUR/GBP, USD/CAD: 1330 - 1400

Suggested Readings

Fundamental Highlights

Technical Highlights

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Action Insight Daily Report 7-1-11

2011-07-01T00:39:00.001-07:00

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Action Insight	Candlesticks Trades	Markets Summary	Action Bias	Top Movers	Daily Technicals
Calendar	Elliott Wave Trades	Markets Volatility	Pivot Points	Heat Map	Daily Fundamentals

Action Insight Market Overview	Markets Snapshot
Daily Report: Risk Appetite Recedes Mildly after China Data, Euro Firm Risk appetites cool a bit today after disappointing China PMI data. Both the official manufacturing PMI and the one complied by HSBC indicated the country's manufacturing sector has slowed down in June. The China Federation of Logistics and Purchasing reported the index fell to 50.9, the lowest level since February 2009, in June from 52 in May. Meanwhile, the HSBC PMI data dropped to a 11-month low of 50.1 in June. Aussie pared some of recent gains against the greenback after the data on the country's strong tie to China. But loss is so far limited as dollar remains broadly weak. Full Report Here...
Featured Technical Report
EUR/JPY Daily Outlook Daily Pivots: (S1) 116.23; (P) 116.72; (R1) 117.31; More EUR/JPY's rebound extends further to as high as 117.29 so far and intraday bias remains on the upside for 117.88 resistance. As noted before break of 117.88 will complete a double bottom reversal pattern and should turn outlook bullish for a retest on 123.31 resistance next. On the downside, though, below 115.12 will flip bias back to the downside and break of 113.41/49 support will will resume the decline from 123.31 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

Forex Brokers

Economic Indicators Update

GMT	Ccy	Events	Actual	Consensus	Previous
23:30	JPY	Household Spending Y/Y May	-1.90%	-1.70%	-3.00%
23:30	JPY	Unemployment Rate May	4.50%	4.80%	4.70%
23:30	JPY	Tokyo Core CPI Y/Y Jun	0.10%	0.20%	0.10%
23:30	JPY	National Core CPI Y/Y May	0.60%	0.50%	0.60%
23:50	JPY	Tankan Large Manufacturers Index Q2	-9	-7	6
23:50	JPY	Tankan Non-Manufacturing Index Q2	-5	-4	3
1:00	CNY	PMI Manufacturing Jun	50.9	51.5	52
7:30	CHF	SVME-PMI Jun		57.8	59.2
8:00	EUR	Eurozone PMI Manufacturing Jun F		52	52
8:30	GBP	PMI Manufacturing Jun		52.3	52.1
9:00	EUR	Eurozone Unemployment Rate May		9.90%	9.90%
13:55	USD	U. of Michigan Confidence Jun F		72	71.8
14:00	USD	Construction Spending M/M May		0.00%	0.40%
14:00	USD	ISM Manufacturing Jun		51.5	53.5
14:00	USD	ISM Prices Paid Jun		72	76.5

Forex Trade Ideas

Next Candlesticks and Ichimoku Trade Idea update will be made on Monday 4 July.

Elliott Wave Daily Trade Ideas Update Schedule (GMT):
AUD/USD, EUR/JPY: 0800 - 0830; EUR/GBP, USD/CAD: 1330 - 1400

Suggested Readings

Fundamental Highlights

Technical Highlights

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Action Insight Mid-Day Report 6-30-11

2011-06-30T06:36:00.001-07:00

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Action Insight	Candlesticks Trades	Markets Summary	Action Bias	Top Movers	Daily Technicals
Calendar	Elliott Wave Trades	Markets Volatility	Pivot Points	Heat Map	Daily Fundamentals

Action Insight Market Overview	Markets Snapshot
Mid-Day Report: Commodity Currencies Soar on Risk Appetite Commodity currencies are all strong today as boosted by recovery in global risk appetite on optimism that Greece would avoid an immediate default. Data from Canada maintains a firm tone in the loonie. Canadian GDP avoided a contraction in May and was flat m/m. Crude oil is staying firm around 95 level for the moment and helps support the loonie, which will likely extend the CPI triggered rally against dollar in near term. This week's data fuel speculation that while BoC would likely be on hold in Q3, it may restart tightening in Q4. Full Report Here...
Featured Technical Report
USD/CAD Mid-Day Outlook Daily Pivots: (S1) 0.9650; (P) 0.9737; (R1) 0.9785; More. USD/CAD's decline is still in progress and reaches as low as 0.9653 so far in early US session. Intraday bias remains on the downside with 0.9714 minor resistance intact. As noted before, , rebound from 0.9444 low should have completed at 0.9912 already. Further decline is now expected to retest 0.9444 low next. On the upside, above 0.9714 minor resistance will turn bias neutral and bring consolidations. But recovery should bel limited below 0.9912 resistance and bring fall resumption. 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

Forex Brokers

Economic Indicators Update

GMT	Ccy	Events	Actual	Consensus	Previous	Revised
22:45	NZD	Building Permits M/M May	2.20%	3.20%	-1.60%	-1.20%
23:01	GBP	GfK Consumer Sentiments Jun	-25	-24	-21
23:15	JPY	Nomura/JMMA Manufacturing PMI Jun	50.7		51.3
01:00	NZD	NBNZ Business Confidence Jun	46.5		38.3
05:00	JPY	Housing Starts Y/Y May	6.40%	3.10%	0.30%
07:55	EUR	German Unemployment Change Jun	-8K	-17K	-8K
07:55	EUR	German Unemployment Rate Jun	7.00%	7.00%	7.00%
08:00	EUR	Eurozone M3 Y/Y May	2.40%	2.10%	2.00%
09:00	EUR	Eurozone CPI Estimate Y/Y Jun	2.70%	2.80%	2.70%
12:30	USD	Initial Jobless Claims	428K	420K	429K
12:30	CAD	GDP M/M May	0.00%	-0.10%	0.30%
13:45	USD	Chicago PMI Jun		54	56.6
14:30	USD	Natural Gas Storage		80B	98B

Forex Trade Ideas

Trade Idea Update: EUR/USD Buy at 1.4350

Despite intra-day marginal rise to 1.4522, as the currency pair has retreated on the back of intra-day selloff in cable, suggesting consolidation below said resistance would take place and pullback to the Kijun-Sen (now at 1.4426) cannot be ruled out, however, downside should be limited to the Ichimoku cloud top (now at 1.4365) and support at 1.4320 should hold, bring another rise later.

Action Insight Market Overview	Markets Snapshot
Daily Report: Euro Extends Rally, Germany to Discuss French Greek Debt Proposal Euro extends its broad based rally against major currencies today on optimism that Greece's problem is solved in near term after yesterday's parliamentary passage of austerity plan. The near term resolution in the Greece situation also helps boost risk appetite in general and sends Asian equities broadly higher following another day of rebound in DOW overnight. Dollar is defensive against all major currencies for the moment as focus is back to the fragility of US recovery as well as IMF's warning to US for raising the debt ceiling Strength in crude oil, which is now back above 95 level after drawing support from 90, also gives some pressure to the greenback. Full Report Here...
Featured Technical Report
EUR/USD Daily Outlook Daily Pivots: (S1) 1.4357; (P) 1.4403 (R1) 1.4479; More. EUR/USD rises further to as high as 1.4521 so far today and is set to take on near term falling trend line resistance. Intraday bias remains on the upside and break of the trend line will send EUR/USD to 1.4965 resistance next. Note again that EUR/USD is possibly forming a triangle pattern inside converging range of 1.3969/4939. Eventual upside breakup is still in favor with 1.3969 support intact. Break of 1.4695 resistance will be the first signal of up trend resumption for another high above 1.4939. On the downside, below 1.4330 minor support will turn bias neutral. Further break of 1.4102 will turn focus back to 1.3969 support 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

Action Insight Market Overview	Markets Snapshot
Mid-Day Report: Euro Takes Profit after Greece Passes Austerity Vote, Canadian Dollar Jumps on CPI Euro retreats mildly after Greek Prime Minister Papandreou finally got parliamentary approval of the five year EUR 78b austerity plan, today by 155 votes within 300 seats. Yield on 2 year Greek bonds dropped further on the news to below 27%, from where it touched 30% in mid June. Greece will face another test tomorrow as the parliament will hold an -article-by-article vote on legislation implementing the austerity plan of EUR 28b as well as a EUR 50b privatization program. Though, it's expected that tomorrow's vote is just a matter of formality. And, that should clear the path for EU and IMF to release the EUR 12b tranche of the EUR 110 bailout package to Greece in July. One point to note that swiss franc indeed has more reaction to the news than Euro itself as worry on the Greece situation eased much. Full Report Here...
Featured Technical Report
EUR/USD Mid-Day Outlook Daily Pivots: (S1) 1.4272; (P) 1.4334 (R1) 1.4432; More. EUR/USD rises to as high as 1.4447 so far today before retreating mildly. Intraday bias remains on the upside for upper trend line resistance (now at 1.4537) first. Break will target key near term resistance at 1.4695. Note again that EUR/USD is possibly forming a triangle pattern inside converging range of 1.3969/4939. Eventual upside breakup is still in favor as long as 1.3969 support holds. Break of 1.4695 resistance will be the first signal of up trend resumption for another high above 1.4939. On the downside, below 1.4236 will turn bias neutral again. Further break of 1.4102 will turn focus back to 1.3969 support 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

Action Insight Market Overview	Markets Snapshot
Daily Report: Euro Firm ahead of Greece Vote, Risk Sentiments Recovered Euro remains firm broadly in as investors are optimistic that Greek parliament will pass the austerity plan which is needed to secure funding from the EU/IMF. The Greek parliament will vote today on Prime Minister George Papandreou's 5-year plan of budget cuts and asset sales amid a wave of strikes and protests. Investors are increasingly more confident that the package will be passed and Greece will then be able to tap the 5th tranche of funding and avoid immediate default. Market sentiment was also bolstered on the news that German officials will meet with banks today, discussing their role in a rescue plan for Greece, with the French proposal as the base of discussion. The French government proposed that banks will roll over half of Greek debts maturing in the next 3 years into new 30-year bonds. Also, it proposed that the proceeds of an additional 20% of bonds to be invested in a SPV which would act as collateral for participating banks. Full Report Here...
Featured Technical Report
EUR/JPY Daily Outlook Daily Pivots: (S1) 115.56; (P) 116.11; (R1) 117.11; More EUR/JPY's rebound from 113.49 extends further today and the break of 116.69 resistance, as well as the sustained trading above near term falling trend line, suggests that fall from 123.31 might be completed. Intraday bias is back on the upside for 117.88 resistance first. Break will also complete a double bottom reversal pattern and should turn outlook bullish for a retest on 123.31 resistance next. On the downside, though, below 115.12 will flip bias back to the downside and break of 113.41/49 support will will resume the decline from 123.31 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

Action Insight Market Overview	Markets Snapshot
Mid-Day Report: Dollar Lower on Weak Economic Data, Euro Supported by Trichet and Greece Optimism Dollar weakens broadly in early US session on weak economic data, and in particular against swiss franc with USD/CHF at new record low. Conference board consumer confidence unexpectedly dropped to 58.5 in June, hitting an eight month low. The data raises worry that next week's job report would should another month of rising unemployment rate, which in turn further prolong Fed's ultra loose monetary policy. S&P Case-shill 20 cities hour price dropped -4.0% yoy in April, the worst figures in seventeen months. Also, backlog of foreclosures as well as falling sales now is still increasing the risks of further price declines. Dollar index breaches 75 level in early US session and remains weak. Full Report Here...
Featured Technical Report
USD/CHF Mid-Day Outlook Daily Pivots: (S1) 0.8290; (P) 0.8342; (R1) 0.8376; More. USD/CHF drops to as low as 0.8303 so far today and intraday bias remains on the downside for 61.8% projection of 0.8945 to 0.8326 from 0.8550 at 0.8167 first. On the upside, above 0.8358 minor resistance will turn bias neutral and bring consolidations. But break of 0.8550 resistance is needed to signal short term bottoming. Or outlook will remain bearish. 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

Action Insight Market Overview	Markets Snapshot
Daily Report: Euro Maintains Gain But Markets Remain Cautious ahead of Greece Vote Euro maintains gain against dollar even though it lacks follow through buying to extend this week's rebound. Markets are generally optimistic on Greece parliamentary approval of the austerity package tomorrow. And, to recap, the approval of the austerity package is needed for EU and IMF to approve the next tranche of bailout payment of EUR 12b as well as getting the second bailout. EU finance ministers will next meet on July 3. Meanwhile, Euro is also supported by news that Germany has been urging to have a "plan B" if Greece fails to pass the austerity vote, and that include the possibility of reactivating the European Financial Stability Facility. But again, firstly, traders are still refusing to commit to any position before the Greece vote. Secondly, we'd like to emphasize that the passing of vote might not necessarily trigger Euro buying but could indeed trigger sell-on-news moves. Data from Eurozone saw German import price dropped more than expected by -0.6% mom in May. Gfk consumer sentiment unexpectedly rose to 5.7 in July. Full Report Here...
Featured Technical Report
EUR/GBP Daily Outlook Daily Pivots: (S1) 0.8878; (P) 0.8911; (R1) 0.8963; More EUR/GBP's break of 0.8952 resistance indicates that recent rebound from 0.8720 has resumed and intraday bias is back on the upside, mildly. Near term focus remains on 0.8975 resistance. Break there will be the first signal of resumption of whole rise from 0.8284 and will bring stronger rise to 0.9042 for confirmation. On the downside, though, break of 0.8858 support will in turn indicate short term reversal and will turn bias back to the downside for 0.8720 support and possibly below. 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

Action Insight Market Overview	Markets Snapshot
Mid-Day Report: Euro Recovers as Banks Agree to Rollerover Greek Debts Euro recovers mildly today on news that representatives of some of the world's largest banks from Germany, Holland, Belgium and France are discussing the way to rollover Greek debt maturing in the next three years. The roller over would form part of the second bailout package for Greece. According to Citigroup's estimation, European banks hold more than EUR 17b bonds maturing by end of 2013. Meanwhile, under recent discussions between French Banking Federation and the French Treasury, French lenders would reinvest around 70% of Greek bonds That would greatly help EU from achieve it's goal of rolling over at least EUR 30b of Greek bonds. Full Report Here...
Featured Technical Report
EUR/USD Mid-Day Outlook Daily Pivots: (S1) 1.4117; (P) 1.4211 (R1) 1.4282; More. EUR/USD drew some support from near term rising trend line and recovers today. A temporary low is formed at 1.4102 and intraday bias is turned neutral for the moment. The broader outlook remains unchanged as EUR/USD is possibly forming a triangle pattern inside converging range of 1.3969/4939. While below 1.4102 will bring another fall, eventual upside breakup is still in favor as long as 1.3969 support holds. On the upside, above 1.4441 minor resistance will flip bias back to the upside for 1.4695 first. Further break there will be the first signal of up trend resumption for another high above 1.4939. However, break of 1.4073 will put focus on 1.3969 support 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

Action Insight Market Overview	Markets Snapshot
Daily Report: Euro Weak on Greece, Despite China Support Euro remains weak and hovers around record low against Swiss franc as the week starts. Uncertainties in the Greece situation is still in traders' mind and is weighing on the common currency. The parliamentary approval of the new austerity measure later this week is expected by most, but the outcome is far from being certain. Greece deputy prime minister warned on Sunday that some lawmakers might block some of the reforms. Indeed, the situation will remain unclear as some lawmakers would refrain from making clear their stance until the last minute. And more importantly, traders are also lightening their bet as the Euro could have very different reactions to the vote outcome. Logically, parliamentary approval of the austerity should clear the hurdle for getting the next tranche of bailout from EU/IMF and should be Euro positive. But that could turn out to be a sell-on-news scenario in EUR/USD. Full Report Here...
Featured Technical Report
EUR/JPY Daily Outlook Daily Pivots: (S1) 113.93; (P) 114.67; (R1) 115.50; More EUR/JPY continues to consolidate above 113.49 temporary low and intraday bias remains neutral for the moment. Nevertheless, note that near term bearish outlook is also unchanged with 116.69 resistance intact and recent fall from 123.31 is still expected to resume sooner or later. Break of 113.41/49 support zone will target 61.8% projection of 121.83 to 113.41 from 117.88 at 112.67 first and then 100% projection at 109.46 next. On the upside, though, break of 116.69 will suggest short term bottoming and will turn focus to 117.88 resistance for confirmation. 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

Action Insight Weekly Report	Markets Snapshot
Swiss Franc Broadly Higher on Risk Aversion, Eurozone Uncertainties, Fed No QE3 Eurozone and Greece news dominated headlines last week but it was Swiss Franc that shone over the week, making new record highs against both Dollar, Euro and Sterling. Greece Prime Minister Papandreou passed the confidence vote by a thin margin and will face parliamentary vote on the new austerity package this week before finally getting EU approval on the fifth bailout fund payment will be approved on July 3. Everybody in the markets is expecting the the Greece funding to be approved eventually but remained cautiously as this is still far from certainty. Meanwhile, worries on contagion never go away as Moody's turned focus to Italy and said it's considering downgrading a group of Italian banks. The debt crisis in Eurozone continued to weigh on market sentiments. Full Report Here...
Featured Technical Report
EUR/CHF Weekly Outlook EUR/CHF dropped to new record low at 1.1802 last week and met mentioned target of 100% projection of 1.3833 to 1.2399 from 1.3243 at 1.1809. Initial bias remains on the downside this week and sustained trading below 1.18 should pave the way to long term projection target at 1.1516. On the upside, above 1.1968 minor resistance will turn bias neutral and bring consolidations. But sustained trading above near term falling channel (now at 1.2103) is needed to be the first signal of short term bottoming or we'll stay bearish. 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

Action Insight Market Overview	Markets Snapshot
Mid-Day Report: Sentiments Hurt Again By Greece Sentiments reversed once again on Greece uncertainty. A lawmaker from Greece's ruling Pasok party, Thomas Robopoulos, expressed today that he's uncertain whether to vote for the austerity measures yet. EU/IMF has made it clear that the fifth bailout fund payment will be approved on July 3 if Greece can pass the austerity measures. Greece parliament will vot on the EUR 78b austerity package on June 30. It's hopeful that after passing the test of confidence vote earlier this week, Greek Prime Minister Papandreou should be able to secure the support for the austerity measures. But today's news remind that the road to July 3 is long and difficult for Greece and EU. Full Report Here...
Featured Technical Report
EUR/USD Mid-Day Outlook Daily Pivots: (S1) 1.4134; (P) 1.4246 (R1) 1.4365; More. EUR/USD's recovery was limited below 4 hours 55 EMA and weakens again. Intraday bias remains neutral and the overall outlook is unchanged. EUR/USD is possibly just forming a triangle pattern inside converging range of 1.3969/4939. Upside eventual upside breakup is still in favor as long as 1.3969 support holds. Above 1.4441 minor resistance will flip bias back to the upside for 1.4695 first. Further break there will be the first signal of up trend resumption for another high above 1.4939. However, break of 1.4073 will put focus on 1.3969 support 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

Action Insight Market Overview	Markets Snapshot
Daily Report: Sentiments Reversed on Greek Austerity Deal, Euro Rebounded Risk sentiments staged a drastic turn overnight while Euro rebounded strongly on news that Greece agreed with a team of EU/IMF on the new five-year austerity plan for securing the bailout fund. The measures, which will complete a EUR 78b austerity package, will now faces a parliamentary vote next week on June. EU finance ministers would then approve on July 3 the next payment of the bailout. That should help Greece cover around EUR 4b of maturing debts between July 14 and 22 and another EUR 3b of coupon payments within the month. Then on August, Greece will need to redeem EUR 6.6b of bonds. Greek Prime Ministers Papandreou pledged that there will be a "strong commitment" from Greece. DOW reversed earlier losses to 11874 and closed just -59pts lower, at 12050. Asian equities followed and were broadly higher. Euro managed to rebound strongly against dollar and swissy too. Full Report Here...
Featured Technical Report
GBP/USD Daily Outlook Daily Pivots: (S1) 1.5936; (P) 1.6005; (R1) 1.6072; More. Intraday bias in GBP/USD remains on the downside with 1.6067 minor resistance and further decline is still expected. Decisive break of 1.5935 support will have medium term bearish implication and should target 100% projection of 1.6746 to 1.6058 from 1.6546 at 1.5858 first. On the upside, above 1.6067 minor resistance will turn bias neutral and bring consolidations. But near term outlook will remain bearish as long as 1.6262 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

Action Insight Market Overview	Markets Snapshot
Mid-Day Report: Sentiments Weighed Down By Poor Economic Data, Dollar Jumps Dollar, and to a lesser extent, yen and swissy franc, strength today as weak economic data intensified worries on global economic slow down. HSBC China PMI dropped to a 11-month low of 50.1 from May's final reading of 51.6. Eurozone PMI manufacturing dropped considerably from 54.6 to 52 in June while services P{MI dropped from 56 to 54.2. UK CBI reported sales turned negative to -2 in June. Meanwhile, US initial jobless claims also rose to 429k in the week ended July 18. Major European indices are all in red while US stock futures point to lower opening. CRB commodity index extended recent decline and is heading to 330 level while dollar index jumped to as high as 75.69 so far. Full Report Here...
Featured Technical Report
USD/CAD Mid-Day Outlook Daily Pivots: (S1) 0.9704; (P) 0.9729; (R1) 0.9757; More. USD/CAD drew strong support from near term rising channel and rebounded. The break of 0.9775 minor resistance indicates that pull back from 0.9898 is already completed. With 0.9670 support intact, rebound from 0.9444 is still expected to continue. Intraday bias is flipped back to the upside for 0.9898 first. Break will target 0.9973 key resistance next (38.2% retracement of 1.0851 to 0.9444 at 0.9981). On the downside, however, break of 0.9670 will argue that rebound from 0.9444 is completed and will turn outlook bearish for this low and below. 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

Action Insight Market Overview	Markets Snapshot
Daily Report: Dollar Maintains Post FOMC Gains Asian equities follow US stocks lower today after Fed Bernanke provided no hint on QE3 overnight as QE2 ends in June. Fed offered a less optimistic view on the economy with downward revision in GDP projection and upward revision in unemployment projection. Also, sentiments are hurt a bit by poor HSBC China PMI reading today, which dropped to a 11-month low of 50.1 from May's final reading of 51.6. Overall mild risk aversion and lack of QE3 talk sends dollar higher against most major currencies Sterling remains the weakest currency this week and hovers around record low against Swiss Franc after BoE talked about the possibility of extending the quantitative easing program in the minutes released yesterday. Full Report Here...
Featured Technical Report
GBP/JPY Daily Outlook Daily Pivots: (S1) 128.49; (P) 129.51; (R1) 130.05; More GBP/JPY's break of 128.91 suggests that recent decline has resumed and intraday bias remains on the downside for 100% projection of 140.02 to 130.27 from 135.11 at 125.36 next. On the upside, above 130.53 will turn bias neutral again. But after all, near term outlook will remain bearish as long as 132.32 resistance holds and we'd expect whole decline from 140.02 to resume sooner or later. 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

Action Insight Market Overview	Markets Snapshot
Mid-Day Report: Sterling Lower on Dovish BoE Minutes, FOMC and Bernanke Watched Vote split of the June meeting changed from 6-3 to 7-1 in favor of no change after arch-hawk Sentance left the committee and was replaced by Broadbent, who joined the doves camp. Dale and Weale were the only hawk left, who voted for 25bps hike. The minutes were overall quite dovish as members focused moved away from inflation threat to the fragile economic recovery. The minutes suggested that a near term hike is highly unlikely and BoE would instead keep rates unchanged until next year. Indeed, the note that the risk of undershooting the 2% inflation target over the next few years has increased. Meanwhile, some members thought "it was possible that further asset purchases might become warranted if the downside risks to medium-term inflation materialized." Full Report Here...
Featured Technical Report
GBP/USD Mid-Day Outlook Daily Pivots: (S1) 1.6189; (P) 1.6222; (R1) 1.6276; More. GBP/USD's sharp fall today suggests that recovery from 1.6078 is completed at 1.6262 after failing to sustain above 4 hours 55 EMA. Intraday bias is cautiously on the downside for the moment. Break of 1.6058/78 support zone will confirm resumption of whole decline from 1.6746 towards 1.5935 key support level. Also, note that GBP/USD has already taken out medium term rising trend line from 1..4229. Break of 1.5935 should confirm trend reversal and turn outlook bearish for 1.5344 support and below. On the upside, though, above 1.6441 will revive the bullish case instead and take another high above 1.6746. 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

Action Insight Market Overview	Markets Snapshot
Daily Report: Euro Retreats Mildly as Greece Survived Confidence Vote, BoE Minutes and FOMC Next Euro retreats mildly today after Greek Prime Minister George Papandreou finally won the confidence vote as a total of 155 lawmakers supported the motion, with only 143 voting against. The vote sealed the approval of the reshuffled cabinet, most notably with new Finance Minister Evangelos Venizelos to push through the new austerity plan. Next step for Papandreou is to push the EUR 78b of austerity plan through the parliament. Then Eurozone finance ministers will approve the next tranche of the bailout fund of EUR 12b on July 3 for Greece to satisfy rollover payments of maturing debts in mid July and ease the short term situation till September. Technically, Euro's rebound against dollar, yen and sterling are losing steam and we might see a near term reversal soon as EUR/USD and EUR/GBP turns to a falling leg inside recent triangle pattern. Full Report Here...
Featured Technical Report
USD/CAD Daily Outlook Daily Pivots: (S1) 0.9682; (P) 0.9744; (R1) 0.9775; More. USD/CAD's pullback from 0.9898 extends further to as low as 0.9705 so far and further fall could still be seen. But still, outlook is cautiously bullish with 0.9670 support intact and rebound from 0.9444 is still in favor to continue. Above 0.9775 will flip bias back to the upside and break of 0.9898 will target 0.9973 key resistance next (38.2% retracement of 1.0851 to 0.9444 at 0.9981). On the downside, however, break of 0.9670 will argue that rebound from 0.9444 is completed and will turn outlook bearish for this low and below. 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

Action Insight Market Overview	Markets Snapshot
Mid-Day Report: Euro Steady Despite ZEW Disappointment, Greece Confidence Vote Eyed Euro stays firm in tight range today as traders are holding their bets ahead of Greece confidence vote. Must worse than expected German ZEW economic sentiment triggered some retreat but that was brief. Greek Prime Minister George Papandreou must survive today's confidence vote as to secure backing for the new austerity measures to be approved on June 28. The new measures would involve a five year EUR 28b program and related privatization plan. After that, Eurozone finance ministers will approve the next tranche of the bailout fund of EUR 12b on July 3 for Greece to satisfy rollover payments of maturing debts in mid July and ease the short term situation till September. So today's confidence vote is a key step is stabilization market sentiments towards Eurozone and Euro. Full Report Here...
Featured Technical Report
EUR/USD Mid-Day Outlook Daily Pivots: (S1) 1.4220; (P) 1.4273 (R1) 1.4357; More. Intraday bias in EUR/USD remains cautiously on the upside and further rise is still in favor to upper trend line resistance (now at 1.4593). Also, note that EUR/USD is possibly forming a triangle pattern inside converging range of 1.3969/4939. An upside break out will be mildly in favor as long as 1.3969 support holds. Further break of 1.4695 resistance will be the first signal of up trend resumption for another high above 1.4939. On the downside, though, below 1.4190 minor support will turn bias neutral first. Further break of 1.4073 will flip bias back to the downside for 1.3969 and below 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

Action Insight Market Overview	Markets Snapshot
Daily Report: Euro Mildly Firmer ahead of Greece Confidence Vote Euro is a bit firmer today as markets focus is on confidence vote in Greece. After a three day parliamentary debate, Greek Prime Minister George Papandreou faces a vote in confidence in his government today. In order to secure political support, Papandreou reshuffled his cabinet last week and replaced finance minister George Papaconstantinou with heavy weight Evangelos Venizelos, once a rival within the ruling party. It today's vote is passed, the Greek parliament is expected to vote on the new austerity measures on June 28. And if everything's smooth, Eurozone finance ministers will approve the next tranche of the bailout fund of EUR 12b on July 3 for Greece to satisfy rollover payments of maturing debts in mid July and ease the short term situation till September. Full Report Here...
Featured Technical Report
EUR/CHF Daily Outlook Daily Pivots: (S1) 1.2033; (P) 1.2086; (R1) 1.2156; More EUR/CHF continues to stay in tight range above 1.1946 temporary low and intraday bias remains neutral for the moment. Some more consolidations could still be seen. But as noted before, outlook remains bearish as long as 1.2254 resistance holds and recent decline is still expected to continue. Sustained trading below 1.2 psychological level should pave the way to 100% projection of 1.3833 to 1.2399 from 1.3243 at 1.1809 next. Though, above 1.2254 resistance will indicate short term bottoming, on bullish convergence condition in 4 hours MACD and would bring stronger rebound towards towards 55 days EMA (now at 1.2474). 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

Action Insight Market Overview	Markets Snapshot
Mid-Day Report: Euro Recovers, Troika Heading to Greece Euro dipped earlier today as EU Finance Ministers delayed approval of the next tranche of bailout fund for Greece. But loss was limited and the common currency is trying to stage a rebound in early US session. Eurogroup Chairman Jean-Claude Juncker said that Greece's debt is clearly "sustainable" but "the debt will only remain sustainable if Greece fulfils all its commitments which it agreed with the (ECB/EU/IMF) troika." The investigation team will visit Greece on Tuesday and Wednesday and would discuss changes with the Greece government "at a technical levels". That would include a spending cuts, tax hikes and propitiations. EU/IMF will verify whether the committed conditions have be met on July 3 and approve the payment then. EU Economic and Monetary Affairs Commissioner Olli Rehen also emphasized that "the key condition is that the Greek parliament needs to endorse the medium term... and the privatization programme before the end of June. Once this is done the disbursement will be done in time..." Full Report Here...
Featured Technical Report
EUR/USD Mid-Day Outlook Daily Pivots: (S1) 1.4175; (P) 1.4257 (R1) 1.4387; More. EUR/USD's retreat was quite brief today and the pair recovers strongly in early US session. As noted before, fall from 1.4695 should have completed at 1.4073 already. Above 1.4339 will bring stronger rise towards upper trend line resistance (Now at 1.4605). Also, note that EUR/USD is possibly forming a triangle pattern inside converging range of 1.3969/4939. An upside break out will be mildly in favor as long as 1.3969 support holds. Further break of 1.4695 resistance will be the first signal of up trend resumption for another high above 1.4939. On the downside, though, below 1.4073 will flip bias back to the downside for 1.3969 and below 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

Action Insight Market Overview	Markets Snapshot
Daily Report: Euro Lower as Greece Loan Decision Delayed Euro weakens as the week starts as the approval for the next tranche of EUR 12b of the EUR 110b of Greece bailout fund was delayed till July. While the approval is still widely expected as Eurozone leaders just simply won't let Greece default, they'd now like to see passing of the austerity measures first. Luxembourg Prime Minister Jean-Claude Juncker "forcefully reminded the Greek government that by the end of this month they have to see to it that we are all convinced that all the commitments they made are fulfilled". The fund is needed by Greece to rollover maturing debts to September so as to buy time for getting the second bailout from EU. Full Report Here...
Featured Technical Report
EUR/JPY Daily Outlook Daily Pivots: (S1) 113.87; (P) 114.33; (R1) 114.95; More Intraday bias in EUR/JPY remains neutral for the moment and some more sideway trading could be seen. Though, as noted before, recent development suggests that decline from 123.31 is resuming. We'd expect upside of recovery to be limited below 116.69 resistance and finally bring downside breakout. Below 113.41 will confirm resumption of whole fall from 123.31 and should then target 61.8% projection of 121.83 to 113.41 from 117.88 at 112.67 next. 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

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Action Insight Weekly Report 7-2-11

Risk Appetite Surged as on Greece Resolution, Swiss Franc Reversed

EUR/CHF Weekly Outlook

Action Insight Mid-Day Report 7-1-11

Mid-Day Report: Dollar Mildly up against Yen, Swissy after Strong ISM Manufacturing

USD/CHF Mid-Day Outlook

Action Insight Daily Report 7-1-11

Daily Report: Risk Appetite Recedes Mildly after China Data, Euro Firm

EUR/JPY Daily Outlook

Action Insight Mid-Day Report 6-30-11

Mid-Day Report: Commodity Currencies Soar on Risk Appetite

USD/CAD Mid-Day Outlook

Trade Idea Update: EUR/USD  Buy at 1.4350

Trade Idea: AUD/USD  Buy at 1.0605

Action Insight Daily Report 6-30-11

Daily Report: Euro Extends Rally, Germany to Discuss French Greek Debt Proposal

EUR/USD Daily Outlook

Trade Idea: GBP/USD  Buy at 1.5995

Trade Idea: EUR/USD  Buy at 1.4350

Action Insight Mid-Day Report 6-29-11

Mid-Day Report: Euro Takes Profit after Greece Passes Austerity Vote, Canadian Dollar Jumps on CPI

EUR/USD Mid-Day Outlook

Trade Idea: USD/CHF  Sell at 0.8375

Trade Idea: EUR/USD  Buy at 1.4265

Action Insight Daily Report 6-29-11

Daily Report: Euro Firm ahead of Greece Vote, Risk Sentiments Recovered

EUR/JPY Daily Outlook

Trade Idea: USD/CHF  Sell at 0.8375

Trade Idea: EUR/USD  Buy at 1.4265

Action Insight Mid-Day Report 6-28-11

Mid-Day Report: Dollar Lower on Weak Economic Data, Euro Supported by Trichet and Greece Optimism

USD/CHF Mid-Day Outlook

Trade Idea Wrap-up: EUR/USD  Buy at 1.4240

Trade Idea: EUR/GBP  Buy at 0.8855

Action Insight Daily Report 6-28-11

Daily Report: Euro Maintains Gain But Markets Remain Cautious ahead of Greece Vote

EUR/GBP Daily Outlook

Trade Idea: EUR/USD  Buy at 1.4180

Trade Idea: USD/JPY  Buy again at 80.35

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Action Insight Mid-Day Report 6-27-11

Mid-Day Report: Euro Recovers as Banks Agree to Rollerover Greek Debts

EUR/USD Mid-Day Outlook

Trade Idea Update: USD/JPY  Hold long entered at 80.30

Trade Idea: USD/CAD  Buy at 0.9780

Action Insight Daily Report 6-27-11

Daily Report: Euro Weak on Greece, Despite China Support

EUR/JPY Daily Outlook

Trade Idea: GBP/USD  Buy at 1.5875

Trade Idea: USD/JPY  Hold long entered at 80.30

Action Insight Weekly Report 6-25-11

Swiss Franc Broadly Higher on Risk Aversion, Eurozone Uncertainties, Fed No QE3

EUR/CHF Weekly Outlook

Action Insight Mid-Day Report 6-24-11

Mid-Day Report: Sentiments Hurt Again By Greece

EUR/USD Mid-Day Outlook

Trade Idea Update: GBP/USD  Sell at 1.6105

Trade Idea: USD/CAD  Buy at 0.9755

Action Insight Daily Report 6-24-11

Daily Report: Sentiments Reversed on Greek Austerity Deal, Euro Rebounded

GBP/USD Daily Outlook

Trade Idea: USD/CHF  Sell at 0.8430

Trade Idea: GBP/USD  Sell at 1.6095

Action Insight Mid-Day Report 6-23-11

Mid-Day Report: Sentiments Weighed Down By Poor Economic Data, Dollar Jumps

USD/CAD Mid-Day Outlook

Trade Idea Update: GBP/USD  Sell at 1.6105

Trade Idea: AUD/USD  Sell at 1.0700

Action Insight Daily Report 6-23-11

Daily Report: Dollar Maintains Post FOMC Gains

GBP/JPY Daily Outlook

Trade Idea: GBP/USD  Sell at 1.6150

Trade Idea: EUR/USD  Sell at 1.4360

Action Insight Mid-Day Report 6-22-11

Mid-Day Report: Sterling Lower on Dovish BoE Minutes, FOMC and Bernanke Watched

GBP/USD Mid-Day Outlook

Trade Idea Updatae: USD/CHF  Hold short entered at 0.8460

Trade Idea: EUR/JPY  Sell at 116.50

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Trade Idea Update: EUR/USD Buy at 1.4350

Trade Idea: AUD/USD Buy at 1.0605

Trade Idea: GBP/USD Buy at 1.5995

Trade Idea: EUR/USD Buy at 1.4350

Trade Idea: USD/CHF Sell at 0.8375

Trade Idea: EUR/USD Buy at 1.4265

Trade Idea: USD/CHF Sell at 0.8375

Trade Idea: EUR/USD Buy at 1.4265

Trade Idea Wrap-up: EUR/USD Buy at 1.4240

Trade Idea: EUR/GBP Buy at 0.8855

Trade Idea: EUR/USD Buy at 1.4180

Trade Idea: USD/JPY Buy again at 80.35

Trade Idea Update: USD/JPY Hold long entered at 80.30

Trade Idea: USD/CAD Buy at 0.9780

Trade Idea: GBP/USD Buy at 1.5875

Trade Idea: USD/JPY Hold long entered at 80.30

Trade Idea Update: GBP/USD Sell at 1.6105

Trade Idea: USD/CAD Buy at 0.9755

Trade Idea: USD/CHF Sell at 0.8430

Trade Idea: GBP/USD Sell at 1.6095

Trade Idea Update: GBP/USD Sell at 1.6105

Trade Idea: AUD/USD Sell at 1.0700

Trade Idea: GBP/USD Sell at 1.6150

Trade Idea: EUR/USD Sell at 1.4360

Trade Idea Updatae: USD/CHF Hold short entered at 0.8460

Trade Idea: EUR/JPY Sell at 116.50

Trade Idea: GBP/USD Buy at 1.6175

Trade Idea: EUR/USD Buy at 1.4315

Trade Idea Update: USD/CHF Hold short entered at 0.8460

Trade Idea: EUR/JPY Sell at 116.50

Trade Idea: USD/CHF Hold short entered at 0.8460

Trade Idea: EUR/USD Buy at 1.4255

Trade Idea Update: GBP/USD Sell at 1.6220

Trade Idea: AUD/USD Sell at 1.0660

Trade Idea: GBP/USD Sell at 1.6180

Trade Idea: EUR/USD Sell at 1.4250