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Action Insight Market Overview	Markets Snapshot
Daily Report: Dollar Mildly Higher on Rate Expectations Dollar open the week mildly higher as supported by rate hike expectations. San Francisco Fed president John Williams said on Saturday that there is a "strong case" for rate hike. And recent "data have been overall encouraging, especially on the labor market". Nonetheless, he also noted that "the slope is the most important thing to communicate, the pace of increases". But he emphasized that Fed wouldn't want to indicate a "very mechanical path of interest rates" as "economic data can surprise on the upside and the downside". As of Friday, fed fund futures are pricing in 74% chance of rate hike by Fed in December. Technically, dollar is still staying in tight range against Euro, Swiss Franc and Yen. Some additional momentum is needed to resume recent rally. Full Report Here...
Featured Technical Report
USD/CAD Daily Outlook Daily Pivots: (S1) 1.3296; (P) 1.3325; (R1) 1.3381; More... USD/CAD is mildly higher as the week starts but intraday bias stays neutral first. Further rise is in favor in near term as long as 1.3223 minor support holds. However, we'd be cautious on strong resistance from 1.3456 to bring another falling leg to extend the consolidation from there. Below 1.3223 minor support will turn bias back to the downside for 1.3037 support. Break there will target 1.2830 support and possibly below. 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
08:00	EUR	France Manufacturing PMI Nov P	50.7	50.6
08:00	EUR	France Services PMI Nov P	52.1	52.7
08:30	EUR	Germany Manufacturing PMI Nov P	52.2	52.1
08:30	EUR	Germany Services PMI Nov P	54.3	54.5
09:00	EUR	Eurozone Manufacturing PMI Nov P	52.3	52.3
09:00	EUR	Eurozone Services PMI Nov P	54.2	54.1
15:00	USD	Existing Home Sales Oct	5.43M	5.55M

Orders and Options Watch

US Session: Orders and Options Watch

EUR: Euro traded narrowly after dropping to 1.0664 earlier in European morning, buy orders are still noted at 1.0665, 1.0650 and 1.0630-35, buying interest is tipped at 1.0620, 1.0600 and 1.0580, fresh demand is located at 1.0550, 1.0525-30 and 1.0500. On the upside, offers are seen at 1.0720-25 and 1.0745, sell orders are expected at 1.0760, 1.0780-85 and 1.0800, selling interest should emerge around 1.0830 and 1.0850.

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Forex Trade Ideas

Trade Idea: EUR/GBP - Buy at 0.6960

As the single currency has remained week, suggesting recent decline is still in progress and may extend weakness to 0.6970-75 (50% projection of 0.7493-0.7042 measuring from 0.7197), however, loss of downward momentum should prevent sharp fall below there and reckon 0.6950 would hold, bring rebound later. Above 0.7075-80 would bring test of 0.7110 resistance, break there would suggest a temporary low is possibly formed, bring retracement of recent decline to 0.7130

Trade Idea: USD/CAD - Stand aside

Despite yesterday's rebound to 1.3370, as the greenback retreated again after faltered below this week's high at 1.3371, retaining our view that further consolidation below this level would be seen and weakness towards support at 1.3225 cannot be ruled out, however, break there is needed to signal top has been formed there, bring retracement of recent rise to 1.3195-00, then 1.3160-70.