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Action Insight Market Overview	Markets Snapshot
Daily Report: Euro Under Pressure While Risk Markets Recovered US equities rebounded strongly overnight with DJIA rose 237.77 pts, or 1.38% to close at 17483.01, as risk aversion subsided. But Euro was seen under some renewed selling pressure. ECB vice president Vitor Constancio warned that while there markets were taking the terror attacks in Paris "calmly" the forthcoming events "will impact confidence and possible risk aversion". ECB executive board member Peter Praet also said that the attacks might pose a risks to the already sluggish economic recovery in the region. Nonetheless, Praet talked down the impact and said they would usually have "transitory effect" and thus, "not a priori a reason" to change the outlook. Meanwhile, he also emphasized the importance to keep inflation expectations anchored and "a possible de-anchoring of inflation expectations together with a lot of slack is a dangerous cocktail." And thus, the central bank is considering further actions. Full Report Here...
Featured Technical Report
EUR/USD Daily Outlook Daily Pivots: (S1) 1.0654; (P) 1.0705 (R1) 1.0737; More..... EUR/USD's fall resumed by taking out 1.0673 temporary low and intraday bias is turned back to the downside. Current fall should target a test on 1.0461 low. Decisive break there will confirm down trend resumption and target 50% projection of 1.3993 to 1.0461 from 1.1713 at 0.9947 next. On the upside, above 1.0829 resistance will indicate short term bottoming and bring stronger rebound. 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
00:30	AUD	RBA November Minutes
02:00	NZD	RBNZ 2-Year Inflation Expectation Q4		1.94%
09:30	GBP	CPI M/M Oct	0.20%	-0.10%
09:30	GBP	CPI Y/Y Oct	0.00%	-0.10%
09:30	GBP	Core CPI Y/Y Oct	1.00%	1.00%
09:30	GBP	RPI M/M Oct	0.20%	-0.10%
09:30	GBP	RPI Y/Y Oct	0.90%	0.80%
09:30	GBP	PPI Input M/M Oct	0.20%	0.60%
09:30	GBP	PPI Input Y/Y Oct	-12.00%	-13.30%
09:30	GBP	PPI Output M/M Oct	-0.10%	-0.10%
09:30	GBP	PPI Output Y/Y Oct	-1.40%	-1.80%
09:30	GBP	PPI Output Core M/M Oct	0.00%	0.10%
09:30	GBP	PPI Output Core Y/Y Oct	0.40%	0.20%
10:00	EUR	German ZEW (Economic Sentiment) Nov	5.5	1.9
10:00	EUR	German ZEW (Current Situation) Nov	55	55.2
10:00	EUR	Eurozone ZEW (Economic Sentiment) Nov	35.2	30.1
13:30	USD	CPI M/M Oct	0.20%	-0.20%
13:30	USD	CPI Y/Y Oct	0.10%	0.00%
13:30	USD	CPI Core M/M Oct	0.20%	0.20%
13:30	USD	CPI Core Y/Y Oct		1.90%
14:15	USD	Industrial Production Oct	0.10%	-0.20%
14:15	USD	Capacity Utilization Oct	77.50%	77.50%
15:00	USD	NAHB Housing Market Index Nov	64	64

Orders and Options Watch

US Session: Orders and Options Watch

EUR: The single currency traded narrowly, offers are still noted at 1.0760, 1.0780-85 and 1.0800, sell orders are reported at 1.0820 and 1.0845-50, selling interest is tipped at 1.0885 and 1.0900. On the downside, bids are seen at 1.0700, 1.0685 and 1.0665, buy orders are expected at 1.0650, 1.0630 and 1.0600, buying interest should emerge around 1.0580 and 1.0550.

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Forex Trade Ideas

Trade Idea: EUR/GBP - Buy at 0.6985

As the single currency has remained under pressure, near term downside risk remains for recent decline too extend weakness towards psychological support at 0.7000, however, loss of downward momentum should prevent sharp fall below 0.6980-85, reckon 0.6950 would hold, bring rebound later. Above 0.7110 resistance would suggest a temporary low is possibly formed, bring retracement of recent decline to 0.7130 and later 0.7150-55

Trade Idea: USD/CAD - Hold long entered at 1.3285

The greenback has risen again after finding support just below 1.3300, retaining our bullishness for the rebound from 1.2832 to extend further 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.