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Action Insight Market Overview	Markets Snapshot
Daily Report: Dollar Firm as Non-Farm Payroll Awaited Dollar stays firm and remain one of the strongest major currencies as markets are awaiting employment data from US today. Stocks retreated mildly but both DJIA and S&P 500 stayed well inside recent upward trajectory. Treasury yields also extended recent rise with 30 year yield closed above 3% level at 3.013% while 10 year yield closed at 2.245%. Earlier this week, Fed chair Janet Yellen said that "if the incoming information supports that expectation then our statement indicates that December would be a live possibility". Fed fund futures are pricing in 58% chance of a December hike by Fed as of yesterday. Currency traders, bond and stocks investors are so far responding to such expectation well. And today's non-farm payroll will be another important piece of important for Fed's decision. Full Report Here...
Featured Technical Report
GBP/USD Daily Outlook Daily Pivots: (S1) 1.5140; (P) 1.5270; (R1) 1.5337; More... The break of 1.5241 support suggests further weakness in GBP/USD. Intraday bias is now on the downside for 1.5106 support next. As noted before, whole decline from 1.5929 is expected to continue. Break of 1.5106 will confirm this bearish case and target a test on 1.4565 low. In any case, we'd still maintain that risk remains on the downside as long as 1.5658 resistance intact. 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
05:00	JPY	Leading Index Sep P	101.9	103.5
07:00	EUR	German Industrial Production M/M Sep	0.50%	-1.20%
08:00	CHF	Foreign Currency Reserves Oct		541.5b
09:30	GBP	Industrial Production M/M Sep	-0.10%	1.00%
09:30	GBP	Industrial Production Y/Y Sep	1.30%	1.90%
09:30	GBP	Manufacturing Production M/M Sep	0.50%	0.50%
09:30	GBP	Manufacturing Production Y/Y Sep	-0.70%	-0.80%
09:30	GBP	Visible Trade Balance (GBP) Sep	-10.7B	-11.1B
13:30	USD	Change in Non-farm Payrolls Oct	180k	142k
13:30	USD	Unemployment Rate Oct	5.10%	5.10%
13:30	USD	Average Hourly Earnings M/M Oct	0.20%	0.00%
13:30	CAD	Building Permits M/M Sep	0.50%	-3.70%
13:30	CAD	Net Change in Employment Oct	-2.5k	12.1k
13:30	CAD	Unemployment Rate Oct	7.10%	7.10%
15:00	GBP	NIESR GDP Estimate Oct		0.50%

Orders and Options Watch

European Session: Orders and Options Watch

EUR: The single currency bounced off multi-month low of 1.0834 in European morning, however, offers are still noted at 1.0880, 1.0900 and 1.0935-40, more sell orders are reported at 1.0960-70 (stops above) and 1.1000, selling interest is tipped at 1.1020-25, 1.1050 and 1.1075-80. On the downside, bids are now seen at 1.0850, 1.0830-35 and 1.0800, fresh demand should emerge around 1.0785 and 1.0750. Option expires today include: 1.0800 (large), 1.0875, 1.0890, 1.0900, 1.0950 (large) and 1.1000 (1 bln).

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Forex Trade Ideas

Trade Idea Update: USD/CHF - Buy at 0.9900

Dollar's intra-day breach of previous resistance at 0.9958 (last week's high) confirms recent upmove has resumed and bullishness remains for further gain towards psychological resistance at 1.0000 which is likely to hold on first testing and price should falter below 1.0040-50, risk from there is seen for another retreat later.

Trade Idea Update: USD/JPY - Buy at 120.95

Although the greenback has risen again after brief pullback, loss of near term upward momentum should prevent sharp move beyond 122.10-15 (61.8% projection of 118.06-121.51 measuring from 119.99 as well as 1.236 times projection of 119.99-121.49 measuring from 120.26), price should falter below 122.50, risk from there is seen for a retreat to take place later.