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Action Insight Market Overview	Markets Snapshot
Daily Report: Focus on UK Job Data Today Focus is turning to UK job data in most likely another day of quiet trading as France, US and Canada are on holiday. Jobless claims in UK are expected to rose 1.6k in October while unemployment rate is expected to be unchanged at 5.4% in September. Sterling was under some pressure against dollar after dovish BoE is relatively resilient against other major currencies. In particular, the pound managed to stay up against Euro for the month on even more dovish ECB. There are talks that BoE could hike in Q2 next year, ahead of market pricing. But it's quite sure that BoE's move will only come after Fed's highly anticipated hike. Thus, Sterling would likely stay mixed in general, be soft against dollar and firm against Euro and Swiss Franc, ahead. Full Report Here...
Featured Technical Report
EUR/GBP Daily Outlook Daily Pivots: (S1) 0.7064; (P) 0.7095; (R1) 0.7123; More... Intraday bias in EUR/GBP remains neutral for the moment as consolidation from 0.7040 temporary low continues. Outlook is unchanged that as long as 0.7249 resistance holds, further decline is expected in the cross. Below 0.7040 will target 0.6935 low. But at this point, there is no clear sign of down trend resumption yet. Thus, we may see some support from there to bring a rebound. On the upside, above 0.7249 will turn bias to the upside for 0.7492 to extend recent consolidation pattern. 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
23:30	AUD	Westpac Consumer Confidence Nov	3.90%		4.20%
23:50	JPY	Japan Money Stock M2+CD Y/Y Oct	3.60%	3.80%	3.80%
05:30	CNY	Retail Sales Y/Y Oct		10.90%	10.90%
05:30	CNY	Industrial Production Y/Y Oct		5.80%	5.70%
05:30	CNY	Fixed Assets Ex Rural YTD Y/Y Oct		10.20%	10.30%
06:00	JPY	Machine Tool Orders Y/Y Oct P			-19.10%
09:30	GBP	Jobless Claims Change Oct		1.6K	4.6k
09:30	GBP	Claimant Count Rate Oct			2.30%
09:30	GBP	ILO Unemployment Rate 3M Sep		5.40%	5.40%

Orders and Options Watch

US Session: Orders and Options Watch

EUR: The single currency dropped again and bids at 1.0720, 1.0700 and 1.0685 were filled, however, buy orders are still noted at 1.0665 and 1.0650, buying interest should emerge around 1.0630 and 1.0600. On the upside offers are lowered to 1.0720-30, 1.0765 and 1.0780-85, sell orders are reported at 1.0800, 1.0820 and 1.0845-50, selling interest is tipped at 1.0885 and 1.0900.

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Forex Trade Ideas

Trade Idea: EUR/GBP - Stopped at break-even and stand aside

The single currency met renewed selling interest at 0.7197 and has dropped again since, our long position entered at 0.7080 was stopped at break-even and near term downside risk remains for retest of last week's low at 0.7042, however, break there is needed to signal recent decline has resumed and extend weakness to 0.7026 and later towards psychological level at 0.7000 which is likely to hold

Trade Idea: USD/CAD - Stand aside

The greenback has traded narrowly after rising to 1.3318 on Friday and further consolidation is in store, however, near term upside risk remains for the rise from 1.2832 to extend gain towards 1.3340-50 but still reckon upside would be limited to 1.3390-00 and price should falter below recent high at 1.3457, bring further choppy trading within recent established range.