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Action Insight Market Overview	Markets Snapshot
Mid-Day Report: Sterling Advances in Steady Forex Markets The forex markets are generally staying in tight range today with mild strength. The greenback is soft against European majors and yen but is mildly firming against commodity currencies. ISM manufacturing indices will be released in US session today and may trigger some volatility. But the main event is Friday's non-farm payroll report. Meanwhile, traders are also cautious ahead of a number of events including RBA in the coming Asian session and BoE "Super Thursday". Full Report Here...
Featured Technical Report
GBP/USD Mid-Day Outlook Daily Pivots: (S1) 1.5331; (P) 1.5399; (R1) 1.5494; More... GBP/USD rebounds further today but stays below 1.5508 and intraday bias remains neutral. Break of 1.5508 resistance will extend the rise from 1.5106. But still, we'd maintain that near term risk stays on the downside as long as 1.5658 resistance holds. Fall from 1.5929 is mildly in favor to continue. Below 1.5241 will target a test on 1.5106 low first. However, decisive break of 1.5685 will confirm near term reversal and bring retest of 1.5929 instead. 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
23:30	AUD	TD Securities Inflation M/M Oct	0.00%		0.30%
0:30	AUD	Building Approvals M/M Sep	2.20%	1.00%	-6.90%	-9.50%
1:35	JPY	Manufacturing PMI Oct F	52.4	52.1	52.5
1:45	CNY	Caixin PMI Manufacturing Oct	48.3	47.6	47.2
8:15	CHF	Retail Sales (Real) Y/Y Sep	0.20%	0.20%	-0.30%	-0.60%
8:30	CHF	SVME-PMI Oct	50.7	50.1	49.5
8:45	EUR	Italy Manufacturing PMI Oct	54.1	53.1	52.7
9:00	EUR	Eurozone Manufacturing PMI Oct F	52.3	52	52
9:30	GBP	PMI Manufacturing Oct	55.5	51.3	51.5
15:00	USD	Construction Spending M/M Sep		0.40%	0.70%
15:00	USD	ISM Manufacturing Oct		50	50.2
15:00	USD	ISM Prices Paid Oct		39.5	38

Orders and Options Watch

US Session: Orders and Options Watch

GBP: The British pound jumped to an intra-day high of 1.5498 before easing, offers are still noted at 1.5500-10 (stops above), more sell orders are reported at 1.5530 and 1.5550. On the downside, bids are raised to 1.5450, 1.5420 and 1.5400-05, buy orders are expected at 1.5380, 1.5350 and 1.5325-30, buying interest should emerge around 1.5300, 1.5285 and 1.5240-50 (stops below).

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Forex Trade Ideas

Trade Idea Update: GBP/USD - Buy at 1.5405

As the British pound has risen again after finding renewed buying interest at 1.5411, suggesting the rise from 1.5243 is still in progress and test of previous resistance at 1.5510 cannot be ruled out, however, break there is needed to retain bullishness and extend early upmove to 1.5540-50 but loss of upward momentum should prevent sharp move beyond there

Trade Idea Update: EUR/USD - Buy at 1.0970

As the single currency has staged a strong rebound after falling to 1.0897 last week, suggesting temporary low has been formed there and consolidation with mild upside bias is seen, above Friday's high at 1.1073 would extend the rebound from 1.0897 to previous resistance at 1.1096, however, reckon upside would be limited to 1.1140-42