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Action Insight Market Overview	Markets Snapshot
Daily Report: Dollar Retreats as Markets Turned into Consolidation Mode Dollar continues to retreat overnight while US stocks also pulled back mildly. The dollar index, nonetheless, is still trading firm at around 99 comparing to last week's high of 99.34. DJIA dropped mildly by -179.85 pts, or -1.00% while S&P 500 dropped -20.62 pts or -0.98%. Asian equities follow and are generally lower in initial trading. In the currency markets, major pairs and crosses are generally trading in tight range as markets turned into a consolidation mode. Some weakness is seen in yen and swiss franc. Full Report Here...
Featured Technical Report
EUR/GBP Daily Outlook Daily Pivots: (S1) 0.7095; (P) 0.7124; (R1) 0.7141; More... EUR/GBP's consolidation from 0.7040 temporary low is still in progress and intraday bias remains neutral. As long as 0.7249 resistance holds, further decline is expected in the cross. Below 0.7040 will target 0.6935 low. But at this point, there is no clear sign of down trend resumption yet. Thus, we may see some support from there to bring a rebound. On the upside, above 0.7249 will turn bias to the upside for 0.7492 to extend recent consolidation pattern. 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	Current Account (JPY) Sep	0.78T	1.50T	1.59T
00:01	GBP	BRC Sales Like-For-Like Y/Y Oct	-0.20%		2.60%
00:30	AUD	NAB Business Confidence Oct	2		5
00:30	AUD	Home Loans Sep	2.00%	0.10%	2.90%	1.50%
01:30	CNY	CPI Y/Y Oct	1.30%	1.50%	1.60%
01:30	CNY	PPI Y/Y Oct	-5.90%	-5.90%	-5.90%
05:00	JPY	Eco Watchers Survey: Current Oct		48.2	47.5
06:45	CHF	Unemployment Rate Oct		3.40%	3.40%
13:30	USD	Import Price Index M/M Oct		-0.30%	-0.10%
15:00	USD	Wholesale Inventories Sep		0.10%	0.10%

Orders and Options Watch

US Session: Orders and Options Watch

EUR: The single currency met resistance at 1.0790 and has retreated in NY morning, bids at 1.0745-50 were filled but buy orders are still noted at 1.0725-30, 1.0700 (stops below) and 1.0685, buyers are awaiting at 1.0665 and 1.0650, buying interest should emerge around 1.0630 and 1.0600. On the upside, offers remain at 1.0790-00, 1.0820 and 1.0845-50, sell orders are expected at 1.0885, 1.0900 and 1.0925-30, selling interest is tipped at 1.0925-30, 1.0960 and 1.0980, mixture of offers and stops is expected at 1.1000.

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Forex Trade Ideas

Trade Idea: EUR/GBP - Hold long entered at 0.7080

Euro's rebound after finding support at 0.7042 last week has retained our view that consolidation would be seen with mild upside bias for test of 0.7200, break there would signal a temporary low has possibly been formed there, bring retracement of recent decline towards resistance at 0.7250 but upside should be limited to 0.7270-75, bring another decline later.

Trade Idea: USD/CAD - Stand aside

As the greenback has maintained a firm undertone after Friday's rally, suggesting the rise from 1.2832 is still in progress and near term upside risk remains for further gain towards 1.3340-50, however, still reckon upside would be limited to 1.3390-00 and price should falter below recent high at 1.3457, bring further choppy trading within recent established range.