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Action Insight Market Overview	Markets Snapshot
Mid-Day Report: Sterling Higher as Unemployment Fell to Seven Year Low Sterling is generally higher today after release of job data. Unemployment rate dropped to 5.3% in the three months ended September. Lowest level since April 2008. The total number of unemployment dropped by 103k to 1.75m. The Office for National Statistics noted that "these figures continue the recent strengthening trend in the labour market, with a new record high in the employment rate and the unemployment rate still at its lowest level since spring 2008." Meanwhile, claimant counts rose 3.3k in October versus expectation of 1.6%. Nonetheless, some economists noted that the weak wage growth of 2% would be a concern to BoE policy makers and interest rates are likely to stay on hold still 2017. According to a Reuters poll of over 43 economists, 33 expected the first 25bps hike to come after March. But opinions are divided on whether that would happen in Q2, Q3 or Q4. Full Report Here...
Featured Technical Report
GBP/USD Daily Outlook Daily Pivots: (S1) 1.5091; (P) 1.5118; (R1) 1.5145; More... A temporary low is in place at 1.5026 in GBP/USD and intraday bias is turned neutral for the moment. Deeper decline is still expected as long as 1.5508 resistance holds. Below 1.5026 will target a test on 1.4565 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
23:30	AUD	Westpac Consumer Confidence Nov	3.90%		4.20%
23:50	JPY	Japan Money Stock M2+CD Y/Y Oct	3.60%	3.80%	3.80%
5:30	CNY	Retail Sales Y/Y Oct	11.00%	10.90%	10.90%
5:30	CNY	Industrial Production Y/Y Oct	5.60%	5.80%	5.70%
5:30	CNY	Fixed Assets Ex Rural YTD Y/Y Oct	10.20%	10.20%	10.30%
6:00	JPY	Machine Tool Orders Y/Y Oct P	-23.10%		-19.10%
9:30	GBP	Jobless Claims Change Oct	3.3K	1.6K	4.6k
9:30	GBP	Claimant Count Rate Oct	2.30%		2.30%
9:30	GBP	ILO Unemployment Rate 3M Sep	5.30%	5.40%	5.40%

Orders and Options Watch

European Session: Orders and Options Watch

EUR: The single currency finally rebounded after finding support at 1.0674 yesterday, however, sell orders are still noted at 1.0760-65, 1.0780-85 and 1.0800, offers are reported at 1.0820, 1.0845-50, selling interest is tipped at 1.0885 and 1.0900. On the downside, bids are seen at 1.0730-35, 1.0720 and 1.0700, buy orders are expected at 1.0685, 1.0665 and 1.0650, buying interest should emerge around 1.0630 and 1.0600. Option expires today include: 1.0600, 1.0750 and 1.0800.

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Forex Trade Ideas

Trade Idea Update: USD/CHF - Hold long entered at 1.0000

The greenback retreated after rising briefly to 1.0087 yesterday and consolidation below this level would be seen, however, as long as 1.0020 minor support holds, bullishness remains for another rise, above said resistance would extend recent upmove to 1.0100 and possibly towards 1.0129-34

Trade Idea Update: GBP/USD - Sell at 1.5220

As cable has maintained a firm undertone and near term upside risk remains for the rebound from 1.5027 (last week's low) to bring retracement of recent decline, above 1.5187 (38.2% Fibonacci retracement of 1.5445-1.5027) would bring a stronger rebound towards 1.5220, however, reckon upside would be limited to 1.5235-40 (50% Fibonacci retracement), bring another decline later