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Action Insight Market Overview	Markets Snapshot
Mid-Day Report: Dollar Extends Rally Against Euro after Positive Data Dollar extends recent rally against Euro in early US session, partly with help from positive economic data. Headline durable goods orders rose 3.0% in October, double of expectation of 1.5%. Ex-transport orders rose 0.5%, also beat expectation of 0.4%. Initial jobless claims dropped 12k to 260k in the week ended November 21, lower than expectation of 273k. The four week moving average of initial claims held at 271k. Continuing claims rose from 2.17m to 2.21m. Personal income rose 0.4% in October but spending was a disappointment and rose only 0.1%. Headline PCE was unchanged at 0.2% yoy while core PCE was unchanged at 1.3% yoy too. Full Report Here...
Featured Technical Report
EUR/USD Mid-Day Outlook Daily Pivots: (S1) 1.0617; (P) 1.0645 (R1) 1.0671; More..... EUR/USD's fall resumed after brief consolidation and reaches as slow as 1.0576 so far today. Intraday bias remains on the downside for 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. However, considering bullish convergence condition in 4 hours MACD, break of 1.0762 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
23:50	JPY	Corporate Service Price Y/Y Oct	0.50%	0.60%	0.60%	0.50%
23:50	JPY	BOJ Minutes
07:00	CHF	UBS Consumption Indicator Oct	1.6		1.65
09:30	GBP	BBA Mortgage Approvals Oct	45.4K	45.5K	44.5K	44.8K
13:30	USD	Personal Income Oct	0.40%	0.40%	0.10%	0.20%
13:30	USD	Personal Spending Oct	0.10%	0.30%	0.10%
13:30	USD	PCE Deflator M/M Oct	0.10%	0.10%	-0.10%
13:30	USD	PCE Deflator Y/Y Oct	0.20%		0.20%
13:30	USD	PCE Core M/M Oct	0.00%	0.10%	0.10%	0.20%
13:30	USD	PCE Core Y/Y Oct	1.30%	1.30%	1.30%
13:30	USD	Durable Goods Orders Oct	3.00%	1.50%	-1.20%
13:30	USD	Durables Ex Transportation Oct	0.50%	0.40%	-0.40%
13:30	USD	Initial Jobless Claims (NOV 21)	260K	273K	271K	272K
14:00	USD	House Price Index M/M Sep		0.50%	0.30%
15:00	USD	New Home Sales Oct		500k	468k
15:00	USD	U. of Michigan Confidence Nov F		93.1	93.1
15:30	USD	Crude Oil Inventories			0.3M
17:00	USD	Natural Gas Storage			15B

Orders and Options Watch

European Session: Orders and Options Watch

EUR: The single currency ran into selling interest at 1.0689 and has retreated in European morning, offers are still noted at 1.0690-00 and 1.0720-25, sell orders are reported at 1.0745 and 1.0760, selling interest is tipped at 1.0780-85 and 1.0800. On the downside, bids are seen at 1.0615-20 and 1.0600, buy orders are expected at 1.0580-85 and 1.0550, buying interest should emerge around 1.0525-30 and 1.0500. Option expires today include: 1.0550 (1.5 bln), 1.0600 (over 1.5 bln), 1.0650 (large) and 1.0700 (1.5 bln).

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Forex Trade Ideas

Trade Idea: EUR/GBP - Buy at 0.7040

Current rebound suggests a temporary low has possibly been formed at 0.6982 last week and consolidation with mild upside bias is seen for retracement of recent decline and gain to resistance at 0.7110 is likely, however, break there is needed to add credence to this view, bring a stronger rebound to 0.7130 and later 0.7150-55 but price should falter well below resistance at 0.7197-00.

Trade Idea: USD/CAD - Stand aside

Although the greenback resumed recent rise and rose to as high as 1.3436 yesterday, the subsequent retreat suggests consolidation would be seen and pullback to 1.3290-00 cannot be ruled out, however, break of 1.3245-50 is needed to signal top has been formed there, bring retracement of recent upmove to 1.3200, then towards 1.3160-70 which is likely to hold from here.