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Action Insight Market Overview	Markets Snapshot
Daily Report: Equities Tumble on Fed Expectations, Dollar Consolidations Continue US equities tumbled sharply overnight as investors are getting more convinced that Fed would lift interest rates in December. DJIA closed down -254.15 pts or -1.44% at 1.7448.07 while S&P 500 dropped -29.03 pts or -1.40% to close at 2045.97. Both development indicates near term reversal ahead of respective historical high of 18351.36 and 2134.71. Dollar continues to retreat prior rally and dipped mildly overnight, staying soft in Asian session. Full Report Here...
Featured Technical Report
EUR/JPY Daily Outlook Daily Pivots: (S1) 131.79; (P) 132.27; (R1) 133.07; More... EUR/JPY's consolidation from 131.44 temporary low is still in progress and intraday bias remains neutral for the moment. Stronger recovery could be seen but upside should be limited well below 136.38 resistance and bring fall resumption. Sustained break of 131.44 will target a test on 126.09 low. 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	Consensus	Previous
04:30	JPY	Industrial Production M/M Sep F	1.00%	1.00%
04:30	JPY	Tertiary Industry Index M/M Sep	0.20%	0.10%
06:30	EUR	French GDP Q/Q Q3 P	0.30%	0.00%
07:00	EUR	German GDP Q/Q Q3 P	0.30%	0.40%
08:15	CHF	Producer & Import Prices M/M Oct	-0.20%	-0.10%
08:15	CHF	Producer & Import Prices Y/Y Oct		-6.80%
09:00	EUR	Italian GDP Q/Q Q3 P	0.30%	0.30%
10:00	EUR	Eurozone Trade Balance (EUR) Sep	19.4B	19.8b
10:00	EUR	Eurozone GDP Q/Q Q3 A		0.40%
13:30	USD	Advance Retail Sales Oct	0.20%	0.10%
13:30	USD	Retail Sales Less Autos Oct	0.40%	-0.30%
13:30	USD	PPI M/M Oct	0.20%	-0.50%
13:30	USD	PPI Y/Y Oct	-1.20%	-1.10%
13:30	USD	PPI Core M/M Oct	0.10%	-0.30%
13:30	USD	PPI Core Y/Y Oct		0.80%
15:00	USD	Business Inventories Sep	0.00%	0.00%
15:00	USD	U. of Michigan Confidence Nov P	91	90
15:30	USD	Natural Gas Storage		52B

Orders and Options Watch

US Session: Orders and Options Watch

GBP: Cable's retreat from 1.5247 has kept sterling under pressure, however, buy orders are still noted at 1.5165-70, 1.5150 and 1.5125-30, buying interest is tipped at 1.5100, 1.5080-85 and 1.5060, fresh demand is located at 1.5045, 1.5025-30 and 1.5000. On the upside, offers are now seen at 1.5220-25, 1.5245-50 and 1.5265, sell orders are expected at 1.5280 and 1.5300, selling interest should emerge around 1.5325 and 1.5350.

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Forex Trade Ideas

Trade Idea: USD/CAD - Buy at 1.3285

Current rally above resistance at 1.3318 signals the rise from 1.2832 is still in progress and may extend gain to 1.3400, however, break of recent high at 1.3457 is needed to confirm early upmove has resumed and bring headway towards 1.3500-10 but near term overbought condition should limit upside to 1.3550, risk from there is seen for a retreat later.

Trade Idea: EUR/GBP - Stand aside

Although euro's retreat from 0.7197 has kept price under pressure and weakness to previous support at 0.7026 is likely, loss of downward momentum should prevent sharp fall below psychological support at 0.7000, risk from there has increased for a corrective rebound to take place soon.