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Action Insight Market Overview	Markets Snapshot
Mid-Day Report: Dollar Firm But Lacks Momentum Dollar stays firm against Euro today but there is so far no follow through buying in the greenback. There are some key events from both Eurozone and US this week that would possibly drive down EUR/USD. In particular, ECB is widely expected to announce additional easing measures . Those would probably include further reduction in the deposit rate and expansion of the asset purchase program. Meanwhile, ISM indices and non-farm payroll report would most likely clear the hurdle for Fed to hike interest rates in December. Released in US session, US pending home sales rose 0.2% mom in October while Chicago PMI dropped sharply to 48.7 in November. Canada current account deficit was relatively unchanged at CAD -16.2b in Q3. Full Report Here...
Featured Technical Report
EUR/USD Mid-Day Outlook Daily Pivots: (S1) 1.0560; (P) 1.0599 (R1) 1.0629; More..... Intraday bias in EUR/USD remains on the downside for 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
21:45	NZD	Building Permits M/M Oct	5.10%		-5.70%
23:30	AUD	TD Securities Inflation M/M Nov	0.10%		0.00%
23:50	JPY	Industrial Production M/M Oct P	1.40%	1.90%	1.10%
23:50	JPY	Retail Trade Y/Y Oct	1.80%	0.90%	-0.20%	-0.10%
00:00	NZD	NBNZ Business Confidence Nov	14.6		10.5
05:00	JPY	Housing Starts Y/Y Oct	-2.50%	2.50%	2.60%
08:00	CHF	KOF Leading Indicator Nov	97.9	100.3	99.8	100.4
09:30	GBP	Mortgage Approvals Oct	70K	70K	68.9k
09:30	GBP	M4 Money Supply M/M Oct	0.60%	-0.20%	-1.00%
13:00	EUR	German CPI M/M Nov P	0.10%	0.10%	0.00%
13:00	EUR	German CPI Y/Y Nov P	0.40%	0.40%	0.30%
13:30	CAD	Current Account (CAD) Q3	-16.21B	-15.2B	-17.4B	-16.57B
14:45	USD	Chicago PMI Nov	48.7	54	56.2
15:00	USD	Pending Home Sales M/M Oct	0.20%	1.30%	-2.30%

Orders and Options Watch

US Session: Orders and Options Watch

EUR: The single currency traded lower earlier today, however, buy orders are still noted at 1.0550 and 1.0525-30, bids are reported at 1.0500 (stops below), 1.0485 and 1.0465, buying interest is tipped at 1.0450, 1.0425-30 and 1.0400. On the upside, offers are seen at 1.0600, 1.0630-35 and 1.0650, sell orders are expected at 1.0665, 1.0685-90 and 1.0700, selling interest should emerge around 1.0720-25, 1.0745 and 1.0760, sellers are awaiting at 1.0780-85 and 1.0800.

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Forex Trade Ideas

Trade Idea Update: EUR/USD - Sell at 1.0620

As the single currency has remained under pressure, suggesting recent decline is still in progress and bearishness remains for further weakness to 1.0530-35 (50% projection of 1.1073-1.0617 measuring from 1.0763), then towards 1.0500 but loss of downward momentum should limit downside and price should stay above 1.0460-65, bring rebound later.

Trade Idea Update: USD/JPY - Buy at 122.70

Current break of 122.94 suggests the decline from 123.76 has ended at 122.26 last week and consolidation with upside bias is seen for test of resistance at 123.26 but break there is needed to add credence to this view, bring further gain to 123.50 and then retest of said resistance at 123.76. Looking ahead, only a break of this level would signal medium term upmove has resumed for headway to 124.00-10