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Action Insight Market Overview	Markets Snapshot
Mid-Day Report: Dollar Mixed after Inflation and Production Data Dollar remains mixed in early US session after release of inflation and production data. Headline CPI rose to 0.2% yoy in October versus expectation of 0.1% yoy. Core CPI was unchanged at 1.9% yoy versus expectation of 1.9% yoy. Industrial production dropped -0.2% in October versus expectation of 0.1%. Capacity utilization was unchanged at 77.5%. The greenback attempted to extend recent rise against Euro but no follow through buying is seen. Strengths in USD/CHF and USD/JPY are mainly due to weakness of Swiss Franc and yen. Dollar is indeed mildly softer against Sterling, Aussie and Canadian dollar today. Full Report Here...
Featured Technical Report
USD/CHF Mid-Day Outlook Daily Pivots: (S1) 1.0058; (P) 1.0080; (R1) 1.0117; More.... USD/CHF's rally continues today and reaches as high as 1.0149 so far, breaking 1.0127 resistance. Intraday bias remains on the upside and current rise should target 1.0239 resistance next. On the downside, break of 0.9987 support is needed to indicate short term topping. Otherwise, outlook will stay bullish in case of retreat. 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
00:30	AUD	RBA November Minutes
02:00	NZD	RBNZ 2-Year Inflation Expectation Q4	1.85%		1.94%
09:30	GBP	CPI M/M Oct	0.10%	0.20%	-0.10%
09:30	GBP	CPI Y/Y Oct	-0.10%	0.00%	-0.10%
09:30	GBP	Core CPI Y/Y Oct	1.10%	1.00%	1.00%
09:30	GBP	RPI M/M Oct	0.00%	0.20%	-0.10%
09:30	GBP	RPI Y/Y Oct	0.70%	0.90%	0.80%
09:30	GBP	PPI Input M/M Oct	0.20%	0.20%	0.60%	0.50%
09:30	GBP	PPI Input Y/Y Oct	-12.10%	-12.00%	-13.30%	-13.40%
09:30	GBP	PPI Output M/M Oct	0.00%	-0.10%	-0.10%
09:30	GBP	PPI Output Y/Y Oct	0.00%	-1.40%	-1.80%
09:30	GBP	PPI Output Core M/M Oct	-0.10%	0.00%	0.10%
09:30	GBP	PPI Output Core Y/Y Oct	0.30%	0.40%	0.20%
10:00	EUR	German ZEW (Economic Sentiment) Nov	10.4	5.5	1.9
10:00	EUR	German ZEW (Current Situation) Nov	54.4	55	55.2
10:00	EUR	Eurozone ZEW (Economic Sentiment) Nov	28.3	35.2	30.1
13:30	USD	CPI M/M Oct	0.20%	0.20%	-0.20%
13:30	USD	CPI Y/Y Oct	0.20%	0.10%	0.00%
13:30	USD	CPI Core M/M Oct	0.20%	0.20%	0.20%
13:30	USD	CPI Core Y/Y Oct	1.90%	1.90%	1.90%
14:15	USD	Industrial Production Oct	-0.20%	0.10%	-0.20%
14:15	USD	Capacity Utilization Oct	77.50%	77.50%	77.50%
15:00	USD	NAHB Housing Market Index Nov	62	64	64	65

Orders and Options Watch

US Session: Orders and Options Watch

EUR: The single currency remained under pressure today, however, buy orders are still noted at 1.0630-35, 1.0620 and 1.0600, buying interest is tipped at 1.0580 and 1.0550, fresh demand is located at 1.0525-30 and 1.0500. On the upside, offers are seen at 1.0680 and 1.0700, sell orders are expected at 1.0725, 1.0745 and 1.0760, selling interest should emerge around 1.0780-85 and 1.0800.

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Forex Trade Ideas

Trade Idea Update: USD/CHF - Buy at 1.0080

As the greenback surged again after finding renewed buying interest at 1.0044 yesterday, adding credence to our view that recent upmove is still in progress and a firm break above 1.0129-34 (previous resistance and 61.8% projection of 0.9476-0.9958 measuring from 0.9836) would encourage for headway to 1.0150 and possibly towards 1.0180, however, near term overbought condition should limit upside to 1.0200-10.

Trade Idea Update: GBP/USD - Hold short entered at 1.5215

Cable has rebounded after intra-day fall to 1.5155 in part due to the release of UK data, suggesting caution on our short position entered at 1.5215 and 1.5219 needs to hold to retain bearishness and bring another decline, below said support would add credence to our view that top has possibly been formed at 1.5265, then 1.5130-35, however, only break there would suggest the rebound from 1.5027 has ended there, bring further fall to 1.5090-00.