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Action Insight Market Overview	Markets Snapshot
Mid-Day Report: Canadian Dollar Struggles in Range after Mixed Data Canadian dollar continues to struggle in tight range after mixed economic data. Headline CPI rose 0.3% mom, 1.0% yoy in October, inline with consensus. Meanwhile, core CPI rose 0.3% mom, 2.1% yoy, beating expectation of 0.2% mom , 2.0% yoy. However, retail sales dropped -0.5% mom in September versus expectation of 0.2% mom rise. Ex-auto sales also dropped -0.5% mom versus expectation of -0.2% mom. Crude oil breached 40 handle today but quickly recovered. USD/CAD lose moment ahead of 1.3456 resistance earlier this week and turned into sideway trading. Strength in USD/CAD would very much depends on whether crude oil will power through 40, or rebound. Full Report Here...
Featured Technical Report
EUR/USD Mid-Day Outlook Daily Pivots: (S1) 1.0671; (P) 1.0717 (R1) 1.0778; More..... Intraday bias in EUR/USD stays neutral for consolidation above 1.0616 temporary low. As long as 1.0829 minor resistance holds, deeper decline is still expected. Current fall should target a test on 1.0461 low. Decisive break there will confirm down trend resumption and target 50% projection of 1.3993 to 1.0461 from 1.1713 at 0.9947 next. On the upside, above 1.0829 resistance will indicate short term bottoming and bring stronger rebound. 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
02:00	CNY	Conference Board Leading Index Oct
07:00	EUR	German PPI M/M Oct	-0.40%	-0.20%	-0.40%
07:00	EUR	German PPI Y/Y Oct	-2.30%	-2.00%	-2.10%
09:30	GBP	Public Sector Net Borrowing (GBP) Oct	7.5B	5.5B	8.6B	8.3B
13:30	CAD	Retail Sales M/M Sep	-0.50%	0.20%	0.50%
13:30	CAD	Retail Sales Less Autos M/M Sep	-0.50%	-0.20%	0.00%
13:30	CAD	CPI M/M Oct	0.10%	0.10%	-0.20%
13:30	CAD	CPI Y/Y Oct	1.00%	1.00%	1.00%
13:30	CAD	BoC CPI Core M/M Oct	0.30%	0.20%	0.20%
13:30	CAD	BoC CPI Core Y/Y Oct	2.10%	2.00%	2.10%
15:00	EUR	Eurozone Consumer Confidence Nov A		-7	-7.7

Orders and Options Watch

US Session: Orders and Options Watch

EUR: Euro traded narrowly after dropping to 1.0664 earlier in European morning, buy orders are still noted at 1.0665, 1.0650 and 1.0630-35, buying interest is tipped at 1.0620, 1.0600 and 1.0580, fresh demand is located at 1.0550, 1.0525-30 and 1.0500. On the upside, offers are seen at 1.0720-25 and 1.0745, sell orders are expected at 1.0760, 1.0780-85 and 1.0800, selling interest should emerge around 1.0830 and 1.0850.

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Forex Trade Ideas

Trade Idea Update: USD/CHF - Buy at 1.0105

Although the greenback rebounded after holding right at yesterday's low at 1.0122 and recovery to 1.0175-80 cannot be ruled out, as long as resistance at 1.0202 (yesterday's high) holds, downside risk remains for another retreat, below said support would extend weakness to 1.0100-05 (50% Fibonacci retracement of 0.9990-1.0220) but previous resistance at 1.0087-95 should hold, bring another rally. Above 1.0202 would bring retest of 1.0220

Trade Idea Update: USD/JPY - Hold long entered at 122.85

Dollar's rebound after yesterday's selloff to 122.62 suggests consolidation would be seen and another bounce to the Ichimoku cloud (now at 123.40-43) is likely, however, break of resistance at 123.76 is needed to signal recent upmove has resumed and extend gain to 123.90-00 and later towards 124.25 (1.236 times projection of 118.06-121.51 measuring from 119.99) which is likely to cap upside from here.