Action Insight Market Overview	Markets Snapshot
Euro Struggling to Extend Rally on Trichet, Kiwi Jumps Risk Appetite and Data The risk on mode in financial markets continues as Asian equities are broadly higher following strong rally in US stocks overnight. New Zealand dollar leads the way after strong housing data which showed building permits jumped an impressive 13% mom in July. Australian and Canadian dollar closely follow. Swiss Franc continues to be the weakest currency as traders continue to reverse safe-have positions and on concern of more measures from SNB to curb franc strength, including the possibility of deposit charges. Dollar is soft in general but the loss against Euro and Sterling is so far limited and the dollar index is still holding above 73.42 near term support. Euro is still struggling to extend recent rally against dollar and sterling. Full Report Here...
Featured Technical Report
EUR/GBP Daily Outlook Daily Pivots: (S1) 0.8824; (P) 0.8851; (R1) 0.8870; More EUR/GBP faced resistance from 0.8886 and retreated. With 4 hours MACD crossed below signal line, a temporary top is formed and intraday bias is turned neutral. After EUR/GBP continues to stay in range of 0.8642/8886 and near term outlook remains neutral. We'd prefer to see breakout on either side to confirm the outlook. On the upside, sustained break of 0.8886 will complete a head and shoulder bottom pattern (ls: 0.8704, h: 0.8642, rs: 0.8653) and confirm completion of decline from 0.9083 and should bring retest of this resistance. On the downside, below 0.8794 minor support should rule out the head and shoulder scenario and turn bias to the downside for 0.8642/53 support zone. Break there will resume whole fall from 0.9083. 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	The Futures and Forex Expo Las Vegas, June 15-18, 2011 at Caesars Palace. Register now and prepare for three days that will get you on track for a profitable future! Register FREE today! Top trading expert speakers, analysts and exhibitors. Discover the Newest Comer to the market, analyze latest market trends explore different trading platforms, and explore a wide opportunity on future investments. The 9th ME Forex & Investment Summit 2011 World MoneyShow Toronto, September 8-10, 2011, at The Metro Toronto Convention Center. Your one-stop resource for the most comprehensive education, efficient research, and valuable advice. Register Free Today! World MoneyShow Vancouver, September 19-21, 2011, at The Vancouver Convention Center. Be there as recommendations and advice are revealed for how to best position your portfolio for profit - in 2011 and beyond. Register Free Today!
GMT Ccy Events Actual Consensus Previous Revised 22:45 NZD Building Permits M/M Jul 13.00% -1.40% -1.00% 23:30 JPY Household Spending Y/Y Jul -2.10% -3.50% -4.20% 23:30 JPY Unemployment Rate Jul 4.70% 4.60% 4.60% 23:50 JPY Retail Trade Y/Y Jul 0.70% 1.50% 1.10% 6:00 CHF UBS Consumption Indicator Jul 1.48 8:30 GBP Mortgage Approvals Jul 49K 48.4K 8:30 GBP M4 Money Supply M/M Jul 0.40% -0.50% 8:30 GBP M4 Money Supply Y/Y Jul -0.70% 9:00 EUR Eurozone Consumer Confidence Aug -16.6 -11.2 9:00 EUR Eurozone Economic Confidence Aug 102 103.2 9:00 EUR Eurozone Industrial Confidence Aug -0.5 1.1 9:00 EUR Eurozone Services Confidence Aug 7.9 12:30 CAD Current Account (CAD) Q2 -13.6B -8.9B 12:30 CAD Industrial Product Price M/M Jul 0.00% -0.30% 12:30 CAD Raw Materials Price Index M/M Jul 0.00% -2.20% 13:00 USD S&P/Case-Shiller Composite-20 Y/Y Jun -4.90% -4.50% 14:00 USD Consumer Confidence Aug 52.5 59.5 18:00 USD FOMC Minutes
Forex Trade Ideas
Trade Idea: GBP/USD – Buy at 1.6285 Although cable rose briefly to 1.6455 yesterday, the subsequent retreat suggest first leg of rebound from 1.6207 has ended and retracement to the Ichimoku cloud top (now at 1.6325) cannot be ruled out, however, reckon downside would be limited to 1.6302-03 (61.8% Fibonacci retracement of 1.6207-1.6455 and current level of the Ichimoku cloud bottom), bring another rebound later. A breach of said resistance at 1.6455 would extend the rebound from Friday’s low of 1.6207 for a stronger retracement of the fall from 1.6618 top to 1.6461 Read more... Trade Idea: USD/JPY – Hold long entered at 76.55 Despite yesterday’s rebound to 77.02, as the greenback has retreated again after faltering right at the Ichimoku cloud bottom, suggesting further consolidation would take place and indicated support at 76.47-50 needs to hold to retain bullishness for another rebound later today. A sustained break of 77.07-10 (previous resistance and current level of the Ichimoku cloud top) would suggest the retreat from 77.70 has possibly ended and bring further gain to 77.25/30, then towards 77.70. 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: 1430 - 1500
Suggested Readings
Fundamental Highlights Battle Scars Will Be Revealed In The FOMC Minutes Asia Session Recap Daily Financial Market Outlook Sentiment Improving, 'Risk On' Rally Next 2 Weeks Of Macro Data To Decide If AUD/USD Extends Rally Forex Exchange Morning Report Remnants Of Jackson Hole Buoys Risk Sentiments Euro area: No Rate Cuts in Sight, While ECB Buys Less Technical Highlights Daily Technical Analysis US Dollar Index - Holds Below Falling Trendline, Trend Resumption Looms The Daily Forecaster: USDCAD Daily Forex Update: EUR/NZD

Swiss Franc Broadly Lower on Possible Deposit Charges.

Action Insight Market Overview	Markets Snapshot
Swiss Franc Broadly Lower on Possible Deposit Charges. EUR/USD Struggling Around 1.4540 Swiss Franc remains broadly weak and extends last week's selloff on concern of possible charges on franc deposits. USD/CHF takes out 0.82 while EUR/CHF is approaching 1.2. The selloff started last week after Swiss bank UBS indicated the bank may levy a “temporary excess balance fee” to clients in order to discourage them from accumulating franc into their cash clearing accounts. Meanwhile, recent recoveries in global stock markets also dampened safe-haven demand for. While there was no confirmation that Swiss National Bank took any action in the currency market, with the central bank lurking around, traders are reluctant to buy the Swiss franc and only option left was to cover their long franc positions, i.e. sell CHF. Full Report Here...
Featured Technical Report
USD/CHF Mid-Day Outlook Daily Pivots: (S1) 0.7915; (P) 0.8036; (R1) 0.8180; More... USD/CHF's rebound continues today and reaches as high as 1.8194 in early US session. Intraday bias remains on the upside for 0.8275 resistance next. Break there will have medium term bullish implication and pave the way to 38.2% retracement of 1.1730 to 0.7065 at 0.8847. On the downside, below 0.8056 minor support will turn bias neutral and bring consolidations. But another rise will remain mildly in favor as long as 0.7769 support 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	The Futures and Forex Expo Las Vegas, June 15-18, 2011 at Caesars Palace. Register now and prepare for three days that will get you on track for a profitable future! Register FREE today! Top trading expert speakers, analysts and exhibitors. Discover the Newest Comer to the market, analyze latest market trends explore different trading platforms, and explore a wide opportunity on future investments. The 9th ME Forex & Investment Summit 2011 World MoneyShow Toronto, September 8-10, 2011, at The Metro Toronto Convention Center. Your one-stop resource for the most comprehensive education, efficient research, and valuable advice. Register Free Today! World MoneyShow Vancouver, September 19-21, 2011, at The Vancouver Convention Center. Be there as recommendations and advice are revealed for how to best position your portfolio for profit - in 2011 and beyond. Register Free Today!
GMT Ccy Events Actual Consensus Previous Revised EUR German CPI M/M Aug P -0.10% 0.00% 0.40% EUR German CPI Y/Y Aug P 2.30% 2.40% 12:30 USD Personal Income Jul 0.30% 0.30% 0.10% 0.20% 12:30 USD Personal Spending Jul 0.80% 0.50% -0.20% -0.10% 12:30 USD PCE Deflator Y/Y Jul 2.80% 1.40% 2.60% 12:30 USD PCE Core M/M Jul 0.20% 0.20% 0.10% 0.20% 12:30 USD PCE Core Y/Y Jul 1.60% 1.40% 1.30% 1.40% 14:00 USD Pending Home Sales M/M Jul -1.30% 0.00% 2.40%
Forex Trade Ideas
Trade Idea Update: GBP/USD – Buy at 1.6305 As the British pound has risen again after brief pullback, suggesting the rebound from Friday’s low of 1.6207 is still in progress and gain to 1.6413 (50% Fibonacci retracement of 1.6618-1.6207), then towards 1.6435 (previous support turned into resistance) would be seen. However, a break above latter level is needed to signal the fall from 1.6618 has ended at 1.6207 and bring subsequent rise towards 1.6461 (61.8% Fibonacci retracement) but reckon 1.6500 would hold. Read more... Trade Idea Update: EUR/USD – Buy at 1.4435 Euro’s retreat after intra-day rise to 1.4550 suggests minor consolidation would take place and pullback to intra-day support at 1.4466 would be seen, however, the Kijun-Sen (now at 1.4439) should limit downside and bring another rise later. A break of said resistance at 1.4550 would extend recent rise for gain to previous resistance at 1.4580 (July), however, break of this level is needed to confirm an upside break of recent broad range upmove from 1.3838 should head to next target at 1.4640/50 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: 1430 - 1500
Suggested Readings
Fundamental Highlights Personal Spending Surprisingly Strong in July US Household Spending Comes in Strong in July Boosting Sentiment U.S. July Consumer Spending Shows Strong Gain CHF Weakens; Legarde Talks Banks, Growth; Nado as New PM London Session: Stocks Rally But Eurozone Fears Remain September Fed Meeting Unlikely To Yield QE3 Technical Highlights AUDUSD: Resumes Recovery Strength, Pressure Builds On 1.0784 USD/CAD Sees Sharp Reaction at the 0.9740 Triangle Support Above 1.6530 GBP/USD Opens up 1.6618 and 1.6745 EUR/GBP in Extended Bearish Divergence; 0.8830 and 0.8885 are Important Pivots If EUR/USD Clears 1.4577 and Holds Above 1.45, 1.4940 is in Sight Forex Technical Set-Ups For The Week Ahead

The World MoneyShow Vancouver

Priority Code for FREE Registration: 023221 Click or call 800/970-4355 Larry Berman ETF Capital Management Roger Conrad Utility Forecaster Peter Cox GreenTech Opportunities Harry Dent The Great Crash Ahead Bart DiLiddo VectorVest, Inc. David Dittman Investing Daily Benj Gallander Contra the Heard Investment Letter Neil George By George Robert Gorman TD Waterhouse Canada, Inc. Gavin Graham Graham Investment Strategy Ltd. Ryan Irvine KeyStone Financial Publishing Evelyn Jacks The Knowledge Bureau Mark Leibovit VRTrader.com David LePoidevin National Bank Financial Levente Mady Union Securities, Ltd. Matt D. McCall Penn Financial Group, LLC A.J. Monte The Market Guys, Inc. Fausto Pugliese CyberTrading University Keith Richards Worldsource Securities, Inc. Som Seif Claymore Investments, Inc. John Stephenson First Asset Investment Management, Inc. Kelley Wright Investment Quality Trends ...and many more! View a full speaker roster Global Markets Continue to Shift: Attend FREE and Get Expert Advice on How to Profit in 2011! Join us at The World MoneyShow Vancouver, September 19-21, 2011, at the Vancouver Convention Centre, where you can meet face to face with the world's leading investment experts and get answers to your specific financial questions. Discover cutting-edge investment opportunities and gain insight on how to best position your portfolio for profit—in 2011 and beyond. As global markets continue to change, smart investors know it's imperative to stay informed and educated, which is why thousands of your fellow investors will converge in Vancouver this September. No where else can you hear first-hand market advice from over 50 leading gurus, plus access leading financial services companies—all under one roof! Don't miss out...register free today! JOIN US FOR THESE RENOWNED EXPERT PRESENTATIONS HARRY DENT Author, The Great Crash Ahead The Great Crash Ahead ROBERT GORMAN Chief Portfolio Strategist, TD Waterhouse Canada, Inc. The Road Ahead: Investment Outlook 2012 JOHN STEPHENSON Senior Vice President and Portfolio Manager, First Asset Investment Management Hot Commodities LEARN MORE ABOUT THE WORLD MONEYSHOW Summary of Events A plethora of quality investing education to choose from with over 70 workshops, panel presentations, and special events available all under one roof! A variety of topics offer something for all investors. More... Hotel The Pan Pacific Vancouver Hotel offers a luxurious and unique experience with specially discounted rates and unmatched convenience for World MoneyShow attendees. Find out more... Who Should Attend Find out why thousands of your fellow investors are headed to The World MoneyShow Vancouver and discover five important benefits of attending. Read more... Exhibit Hall A global marketplace for investors, the Exhibit Hall at The World MoneyShow gives you access to leading financial products and services companies. Read more...

GERMANY DATA

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• Correct: Japan Noda:To Set Up $100 Bln Fund To Fight High Yen
• Germany: Hesse August CPI -0.2% M/M; Brandenburg -0.1% M/M
• Correct: Japan’s Yosano: No New Tools To Cope With High Yen
• ITALY DATA: August seasonally-adjusted consumer fell.
• GERMANY DATA: BRANDENBURG Aug CPI -0.1% m/m, +2.1%…
• GERMANY DATA: HESSE Aug CPI -0.2% M/M, +1.9% Y/Y;….
• Japan Q2 Output Gap -3.7%, Little Changed From Q1′s -3.8%
• Germany: Saxony Aug CPI -0.1% M/M; Below Pan-German Forecast
• Slovakia Parl President: Oppose EFSF New Size, Powers
• GERMANY DATA: Saxony Aug CPI -0.1% M/M, +2.4% Y/Y;…
• Merkel: No Side Deals For Greek Bailout Collateral: Press
• Germany Govt Coalition Majority In EFSF Vote Unlikely: Press
• MNI Survey: Japan Q2 Capex Seen +1.5% Y/Y, Up for 4th Qtr
• Japan’s Noda To Become PM After Winning DPJ Election
• Japan DPJ Election: Kaieda, Noda Compete In Final Vote
• Bank holiday today in the UK
• Kaieda and Noda in run-off for Japan’s PM position
• ForexLive Asian market wrap: AUD, NZD gain on improved risk appetite
• Japan EconMin Yosano: No new tools to fight high Yen
• Stocks doing well across Asia

Correct: Japan Noda:To Set Up $100 Bln Fund To Fight High Yen Posted: – Correcting 3rd Paragraph To Say Dollar, Not Yen, Loans In Story Published on Aug 24 TOKYO (MNI) – Japanese Finance Minister Yoshihiko Noda on Wednesday said the government will set up an emergency $100 billion facility in a fresh attempt to protect the export-led modest economic recovery from the threat of a continued rise [...]

Germany: Hesse August CPI -0.2% M/M; Brandenburg -0.1% M/M Posted: Hesse CPI August: -0.2% m/m, +1.9% y/y July: +0.5% m/m, +2.2% y/y – Brandenburg CPI August: -0.1% m/m, +2.1% y/y July: +0.5% m/m, +2.2% y/y — Pan-German CPI MNI median forecast: flat m/m, +2.3% y/y MNI forecast range: -0.2% to +0.2% m/m July: +0.5% m/m, +2.2% y/y — BERLIN (MNI) – Consumer prices in the [...]

Correct: Japan’s Yosano: No New Tools To Cope With High Yen Posted: – Correcting 7th Paragraph To Say Dollar Loans, Yen Investments TOKYO (MNI) – Japanese Economic and Fiscal Policy Minister Kaoru Yosano said on Monday that the government does not have any new tools to counter the negative impact of the yen’s rapid rise on the economy. He also told reporters that the government must not [...]

ITALY DATA: August seasonally-adjusted consumer fell. Posted: ITALY DATA: August seasonally-adjusted consumer confidence fell to 100.3 from 103.7 in July, posting the fourth consecutive decline, on worsening sentiment with regard to the future climate and the economy, as well as consumers’ personal situations. Consumers’ sentiment on their personal climate fell to 116.2 from 118.8 in July; confidence in the future outlook fell [...]

GERMANY DATA: BRANDENBURG Aug CPI -0.1% m/m, +2.1%… Posted: GERMANY DATA: BRANDENBURG Aug CPI -0.1% m/m, +2.1% y/y – Brandenburg Aug CPI m/m below MNI pan-Germany survey median

GERMANY DATA: HESSE Aug CPI -0.2% M/M, +1.9% Y/Y;…. Posted: GERMANY DATA: HESSE Aug CPI -0.2% M/M, +1.9% Y/Y; JUL +2.2% Y/Y –Hesse Aug CPI m/m below flat mni median for Germany –For more information, please see MNI MainWire

Japan Q2 Output Gap -3.7%, Little Changed From Q1′s -3.8% Posted: TOKYO (MNI) – Japan’s output gap — excess capacity vs. slack demand — stood at -3.7%, or around Y20 trillion, in the April-June quarter, little changed from -3.8% seen in both January-March this year and the final quarter of 2010, the Cabinet Office said on Monday. The negative output gap widens when gross domestic product [...]

Germany: Saxony Aug CPI -0.1% M/M; Below Pan-German Forecast Posted: Saxony CPI August: -0.1% m/m, +2.4% y/y July: +0.4% m/m, +2.5% y/y — Pan-German CPI MNI median forecast: flat m/m, +2.4% y/y MNI forecast range: -0.2 to +0.2% m/m July: +0.4% m/m, +2.5% y/y — FRANKFURT (MNI) – Consumer prices in the eastern German state of Saxony fell back 0.1% in August, dampening the annual [...]

Slovakia Parl President: Oppose EFSF New Size, Powers Posted: FRANKFURT (MNI)- Richard Sulik, the president of the Slovakian Parliament and leader of a key party, will do all he can to prevent a proposed increase in the size and authority of the European Financial Stability Facility (EFSF), he told Germany’s weekly Welt am Sonntag. “I will do everything to make the legislative proposals fall,” [...]

GERMANY DATA: Saxony Aug CPI -0.1% M/M, +2.4% Y/Y;… Posted: GERMANY DATA: Saxony Aug CPI -0.1% M/M, +2.4% Y/Y; Jul +2.5% Y/Y –Saxony Aug CPI below mni pan-german survey median of flat m/m –Saxony Aug CPI ex-seasonal foods unch m/m, +2.5% y/y –Saxony Aug CPI ex-fuel/heating oil unch m/m, +1.8% y/y –Saxony Aug CPI ex-energy/seasonal foods unch m/m, +1.8% y/y –Saxony Aug motor fuel prices [...]

Merkel: No Side Deals For Greek Bailout Collateral: Press Posted: –Reiterates Opposition to Eurobonds FRANKFURT (MNI) – Greece will not offer exclusive bilateral deals on collateral for its bailout loans, Germany’s Chancellor Angela Merkel said in an interview with German Bild am Sonntag. “It would further undermine the creditworthiness of the country should some aid be backed by special guarantees and other [aid] not. This [...]

Germany Govt Coalition Majority In EFSF Vote Unlikely: Press Posted: –FDP Parliament Spokesman Sets Conditions For Support –Finance Minister Wolfgang Schaeuble Confident In Majority FRANKFURT (MNI) – It appears increasingly unlikely that the parties making up the German government’s coalition government will muster a majority in the upcoming parliamentary vote on boosting the authority and capacity of the European Financial Stability Facility (EFSF), German weekly [...]

MNI Survey: Japan Q2 Capex Seen +1.5% Y/Y, Up for 4th Qtr Posted: – See Separate Table For Details of Individual Forecasts TOKYO (MNI) – Combined investment in equipment (excluding software) by non-financial firms in Japan is expected to have risen 1.5% on year in April-June, posting a year-on-year gain for the fourth straight quarter, according to the median forecast of economists surveyed by Market News International. The [...]

Japan’s Noda To Become PM After Winning DPJ Election Posted: TOKYO (MNI) – Finance Minister Yoshihiko Noda won the ruling Democratic Party of Japan leadership election Monday and is set to become the eighth Prime Minister in 10 years following Naoto Kan’s resignation Friday. In a second, final vote, Noda defeated Economy, Trade and Industry Minister Banri Kaieda with a 215-to-177 majority vote, according to [...]

Japan DPJ Election: Kaieda, Noda Compete In Final Vote Posted: TOKYO (MNI) – Economy, Trade and Industry Minister Banri Kaieda and Finance Minister Yoshihiko Noda are competing for leadership of the Democratic Party of Japan, and Japanese premiership, in a second, final round of voting Monday. The results of the ballots cast by 398 DPJ members in the first round showed Kaieda leading with 143 [...]

Bank holiday today in the UK Posted: I’m not sure if Gerry is in today and after Arsenal’s performance yesterday, I wouldn’t blame him if he’s having then day off! UK financial markets are closed but the rest of Europe is open so there should be some activity. US market’s are expected to open as normal.

Kaieda and Noda in run-off for Japan’s PM position Posted: The TradeMin and FinMin were the leading two after the first round of voting. USD/JPY moved by 1 pip, I think.

ForexLive Asian market wrap: AUD, NZD gain on improved risk appetite Posted: Hurricane Irene by-passed NY and markets should return to normal on Monday Market focuses on IMF’s Lagarde comment that European banks need urgent capitalisation She also warns that world economy is facing new, dangerous phase Trichet: No liquidity problems in Europe Japan’s EconMin Yosano: No new tools to deal with high Yen Regional stockmarkets +1.5% on [...]

Japan EconMin Yosano: No new tools to fight high Yen Posted: These comments won’t be helping the cause but perhaps honesty is the best policy, albeit an unusual one for a politician.

Stocks doing well across Asia Posted: Regional stockmarkets are around 1.5% higher on average. Gold is down $10 from the NY close, currently trading near $1817/oz. The AUD and NZD are the most ‘in demand’ currencies, benefitting from improved risk appetite.