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Action Insight Market Overview	Markets Snapshot
Daily Report: Aussie Rebounds as RBA Stands Pat, Manufacturing Data Watched Aussie rebounds strongly today after RBA left the cash rate unchanged at 2.00% as widely expected. The central bank maintained a mild easing bias with a neutral stance. That is, "outlook for inflation may afford scope for further easing of policy" but the central bank will just "continue to assess the outlook". Meanwhile, RBA did acknowledge "a large decline in capital spending in the mining sector". But it maintained that the economy will have "moderate expansion" and there was "gradual improvement in conditions in non-mining sectors over the past year." Also released from Australia, current account deficit narrowed to AUD -18.1b in Q3, building approvals rose 3.9% mom in October. New Zealand terms of trade index dropped -3.7% qoq in Q3. Full Report Here...
Featured Technical Report
AUD/USD Daily Outlook Daily Pivots: (S1) 0.7180; (P) 0.7215; (R1) 0.7260; More... AUD/USD's recovery from 0.7015 resumes and edges higher today and further rise could be seen. But still, price actions from 0.6905 are viewed as a consolidation pattern. Even in case of further rise, strong resistance should be seen at 38.2% retracement of 0.8161 to 0.6905 at 0.7385 to limit upside and bring down trend resumption. Below 0.7169 minor support will turn bias to the downside for 0.7015 support first. Break will target a test on 0.6905 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	Actual	Consensus	Previous	Revised
21:45	NZD	Terms of Trade Index Q/Q Q3	-3.70%	-2.50%	1.30%	1.50%
23:50	JPY	Capital Spending Q3	11.20%	2.30%	5.60%
0:30	AUD	Current Account Balance (AUD) Q3	-18.1B	-16.6B	-19.0B	-20.5B
0:30	AUD	Building Approvals M/M Oct	3.90%	-2.40%	2.20%	2.30%
1:00	CNY	Manufacturing PMI Nov	49.6	49.9	49.8
1:00	CNY	Non-manufacturing PMI Nov	53.6		53.1
1:45	CNY	Caixin PMI Manufacturing Nov	48.6	48.3	48.3
3:30	AUD	RBA Rate Decision	2.00%	2.00%	2.00%
6:45	CHF	GDP Q/Q Q3		0.20%	0.20%
7:00	GBP	BOE Financial Stability Report
8:15	CHF	Retail Sales (Real) Y/Y Oct		0.40%	0.20%
8:30	CHF	SVME-PMI Nov		50.8	50.7
8:45	EUR	Italy Manufacturing PMI Nov		54.3	54.1
8:55	EUR	German Unemployment Change Nov		-4K	-5k
8:55	EUR	German Unemployment Rate Nov		6.40%	6.40%
9:00	EUR	Eurozone Manufacturing PMI Nov F		52.8	52.8
9:30	GBP	PMI Manufacturing Nov		53.7	55.5
10:00	EUR	Eurozone Unemployment Rate Oct		10.80%	10.80%
13:30	CAD	GDP M/M Sep		0.10%	0.10%
15:00	USD	Construction Spending M/M Oct		0.60%	0.60%
15:00	USD	ISM Manufacturing Nov		50.5	50.1
15:00	USD	ISM Prices Paid Nov		40	39

Orders and Options Watch

US Session: Orders and Options Watch

EUR: The single currency traded lower earlier today, however, buy orders are still noted at 1.0550 and 1.0525-30, bids are reported at 1.0500 (stops below), 1.0485 and 1.0465, buying interest is tipped at 1.0450, 1.0425-30 and 1.0400. On the upside, offers are seen at 1.0600, 1.0630-35 and 1.0650, sell orders are expected at 1.0665, 1.0685-90 and 1.0700, selling interest should emerge around 1.0720-25, 1.0745 and 1.0760, sellers are awaiting at 1.0780-85 and 1.0800.

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Forex Trade Ideas

Trade Idea: EUR/GBP - Hold long entered at 0.7040

Euro's near term sideways trading is likely to continue and as long as 0.7000 holds, further consolidation above last week's low of 0.6982 would be seen with mild upside bias for another rebound, above resistance at 0.7080 would bring retracement of recent decline and gain to resistance at 0.7110 would follow. having said that, break there is needed to add credence to this view, bring a stronger rebound to 0.7130

Trade Idea : USD/CAD - Sell at 1.3365

Current retreat after intra-day rise to 1.3393 suggests further consolidation below resistance at 1.3436 (last week's high) would be seen and mild downside bias is for weakness to 1.3300, however, break of support at 1.3280 is needed to signal top has been formed there and bring test of 1.3245-50, break there would add credence to this view, then retracement of recent upmove to 1.3200, then towards 1.3160-70 would follow.