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Action Insight Market Overview	Markets Snapshot
Mid-Day Report: Dollar Retreats Mildly ahead of FOMC Dollar retreats mildly today as markets are awaiting FOMC rate decision. Fed is expected to keep policies unchanged and since there is no post meeting press conference, focus will be solely on the accompanying statement. And the main question is whether Fed will give any hints on the chance of a December rate hike. As of yesterday, fed fund futures are only pricing in 35% of a hike in December, not much different from a month ago. Meanwhile, markets are just pricing in only 57% chance of a hike by March. Some analysts noted that it's unlikely for Fed to give any signal, though. And more time is needed for policy makers to determine if the recent slow down in hiring is temporary. Meanwhile, assessment for inflation would likely remain unchanged. Based on recent dovish rhetoric from ECB, weakness in oil price and firmness in US stocks, the greenback will likely stay supported after the FOMC statement. Full Report Here...
Featured Technical Report
USD/JPY Mid-Day Outlook Daily Pivots: (S1) 120.04; (P) 120.56; (R1) 120.97; More... Intraday bias in USD/JPY remains neutral for the moment. The failure to take out 121.62 resistance suggests that recent sideway consolidation would continue. On the upside, break of 121.62 will extend the rebound from 116.13 towards 125.27/85 resistance zone. Below 118.05 will target 116.13 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
23:50	JPY	Retail Trade Y/Y Sep	-0.20%	0.60%	0.80%
00:30	AUD	CPI Q/Q Q3	0.50%	0.70%	0.70%
00:30	AUD	CPI Y/Y Q3	1.50%	1.80%	1.50%
00:30	AUD	CPI RBA Trimmed Mean Q/Q Q3	0.30%	0.50%	0.60%
00:30	AUD	CPI RBA Trimmed Mean Y/Y Q3	2.10%	2.40%	2.20%
00:30	AUD	CPI RBA Weighted Median Q/Q Q3	0.30%	0.50%	0.50%
00:30	AUD	CPI RBA Weighted Median Y/Y Q3	2.20%	2.50%	2.40%
07:00	EUR	German GfK Consumer Sentiment Nov	9.4	9.4	9.6
12:30	USD	Trade Balance Sep	-58.6B	-64.9B	-67.2B
14:30	USD	Crude Oil Inventories			8.0M
18:00	USD	FOMC Rate Decision		0.25%	0.25%
20:00	NZD	RBNZ Rate Decision		2.75%	2.75%

Orders and Options Watch

US Session: Orders and Options Watch

EUR: The single currency recovered today, bids are still noted at 1.1025-30, 1.1000 and 1.0985, buy orders are reported at 1.0960, 1.0930 and 1.0900, buying interest is tipped at 1.0885, 1.0850 and 1.0830, mixture of bids and stops is located at 1.0800. On the upside, offers are seen at 1.1100 and 1.1125, sell orders are expected at 1.1150, 1.1175-80 and 1.1200, selling interest should emerge around 1.1220, 1.1250 and 1.1275, stops are building up above offers at 1.1300.

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Forex Trade Ideas

Trade Idea Update: GBP/USD - Sell at 1.5380

The British pound resumed the decline from 1.5510 top yesterday after meeting renewed selling interest at 1.5382, adding credence to our bearish view that the aforesaid fall is still in progress, hence bearishness remains for further weakness to 1.5280 (50% projection of 1.5510-1.5305 measuring from 1.5382), then 1.5260-65

Trade Idea Update: USD/JPY - Hold long entered at 120.25

Although the greenback fell to 120.16 yesterday and near term downside risk remains for the decline from 121.51 top to extend marginal weakness, reckon previous resistance at 120.09 would limit downside and bring rebound later, above 120.75 would suggest low is formed, bring test of 121.10-15