Economic Indicators Update

GMT Ccy Events Actual Consensus Previous Revised EUR Meeting of the Eurozone Finance Ministers 22:45 NZD Manufacturing Activity Q1 2.90% 3.10% 3.00% 23:01 GBP Rightmove House Prices M/M Jun 0.60% 1.30% 23:50 JPY Trade Balance Total (JPY) May -0.47T -0.54T -0.50T -0.47T 6:00 EUR German PPI M/M May 0.10% 1.00% 6:00 EUR German PPI Y/Y May 6.30% 6.40% 8:00 EUR Eurozone Current Account (EUR) Apr -4.8B -4.7B

Forex Trade Ideas

Trade Idea: GBP/USD – Sell at 1.6180 Although the British pound rebounded last Friday to as high as 1.6200, as cable has retreated after faltering below previous resistance at 1.4225, suggesting the correction from 1.6078 has possibly ended there and consolidation with downside bias is seen but break of support at 1.6094 is needed to confirm and bring resumption of recent decline for retest of 1.6078, then 1.6046-55 (50% Fibonacci retracement of 1.5345-1.6747 and previous support) Read more... Trade Idea: EUR/USD – Sell at 1.4250 Despite Friday’s brief rise to 1.4339, the subsequent retreat from there has retained our view that the rebound from last week’s low of 1.4073 is still a retracement of recent decline and might have ended at 1.4339, hence consolidation with downside bias is seen for weakness to support at 1.4128 (Friday’s low), break there would confirm this view and bring resumption of decline for retest of 1.4073 and possibly towards 1.4055.. Read more... 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

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