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Action Insight Market Overview	Markets Snapshot
Daily Report: Kiwi Weighed Down by Poor Job Data New Zealand dollar is under some pressure today after worse than expected job data. The job market contracted -0.4% qoq in Q3 versus consensus of 0.4% qoq. And, that's the first contraction in three years. Unemployment rate rose to 6.0% with participation rate falling sharply to 68.6% from 69.3%. Meanwhile, labor cost rose less than expected by 0.4% qoq. Last week, RBNZ left the OCR unchanged at 2.75%, after three rate cut, but maintained an easing bias. There are speculations of another cut in December and the job data reinforced this view. Full Report Here...
Featured Technical Report
EUR/AUD Daily Outlook Daily Pivots: (S1) 1.5176; (P) 1.5299; (R1) 1.5381; More... EUR/AUD's fall from 1.6587 resumed by breaching 1.5164 and intraday bias is back on the downside. Deeper fall would be seen to 1.4990 support first. Break will target 61.8% retracement of 1.3671 to 1.6587 at 1.4785. On the upside, break of 1.5574 resistance is needed to indicate short term bottoming. Otherwise, further decline is expected even in case of recovery. 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	Revised
21:45	NZD	Unemployment Rate Q3	6.00%	6.00%	5.90%
21:45	NZD	Employment Change Q/Q Q3	-0.40%	0.40%	0.30%	0.10%
21:45	NZD	Labor Cost Private Sector Q/Q Q3	0.40%	0.50%	0.50%
23:50	JPY	Monetary Base Y/Y Oct	32.50%	36.20%	35.10%
0:01	GBP	BRC Shop Price Index Y/Y Oct	-1.80%		-1.90%
0:30	AUD	Trade Balance (AUD) Sep	-2.32B	-2.85B	-3.10B
0:30	AUD	Retail Sales M/M Sep	0.40%	0.40%	0.40%
1:45	CNY	Caixin China PMI Services Oct	52	51	50.5
5:00	JPY	Consumer Confidence Oct		41	40.6
8:45	EUR	Italy Services PMI Oct		53.5	53.3
9:00	EUR	Eurozone Services PMI Oct F		54.2	54.2
9:30	GBP	Services PMI Oct		54.5	53.3
10:00	EUR	Eurozone PPI M/M Sep		-0.50%	-0.80%
10:00	EUR	Eurozone PPI Y/Y Sep		-3.30%	-2.60%
13:15	USD	ADP Employment Change Oct		180K	200k
13:30	CAD	Trade Balance (CAD) Sep		-1.90b	-2.53b
13:30	USD	Trade Balance Sep		-$41.20b	-$48.33b
15:00	USD	ISM Non-Manufacutring Composite Oct		56.5	56.9
15:30	USD	Crude Oil Inventories			3.4M

Orders and Options Watch

US Session: Orders and Options Watch

EUR: The single currency dropped today and bids at 1.0980 were filled but buy orders are still noted at 1.0950 and 1.0920, buying interest is tipped at 1.0900, 1.0885 and 1.0850, fresh demand should emerge around 1.0830 and 1.0800. On the upside, offers are seen at 1.0990-00 and 1.1025-30 and 1.1050, sell orders are expected at 1.1075-80, 1.1100 and 1.1130, selling interest is located at 1.1150, 1.1165 and 1.1180, mixture of offers and stops remains at 1.1200-10.

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Forex Trade Ideas

Trade Idea: EUR/GBP - Sell at 0.7250 or buy at 0.7080

Although the single currency has remained under pressure and near term downside risk remains for recent decline to extend weakness to 0.7100, loss of downward momentum should prevent sharp fall below 0.7070-80 and bring rebound later. Above 0.7199 would bring recovery towards resistance at 0.7250 but upside should be limited to 0.7270-75, bring another decline later.

Trade Idea: USD/CAD - Sell at 1.3220

The greenback has rebounded after holding above support at 1.3056 (last week's low), suggesting consolidation with initial upside risk is seen and gain to 1.3190-00 cannot be ruled out, however, reckon 1.3235-40 would cap upside and bring another retreat later, below 1.3080 would signal the rebound from 1.3056 has ended, then the corrective decline from 1.3280 top may bring retracement of recent rise from 1.2835 (wave a trough) to 1.3000 but reckon support at 1.2935 would hold