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Action Insight Market Overview	Markets Snapshot
Daily Report: Dollar Mildly Lower on Fed Evans and ISM Dollar weakened mildly overnight on comments from a Fed official as well as disappointment from manufacturing data. The dollar index is trading back below 100 handle for the moment but stays well above near term support 98.43. Technically, while we might see some consolidative trading in near term, the outlook stays bullish for a take on key resistance level at 100.39. Chicago Fed president Charles Evans noted that there is "some nervousness" about the upcoming rate decision in December meeting. He expressed the preference to have "more confidence" that inflation is "beginning to head higher" before hiking rates. Meanwhile, "regardless of the exact date for liftoff, I think it could well be appropriate for the funds rate to still be under 1 percent at the end of 2016." Full Report Here...
Featured Technical Report
AUD/USD Daily Outlook Daily Pivots: (S1) 0.7250; (P) 0.7293; (R1) 0.7364; More... AUD/USD rises further to as high as 0.7342 so far today and intraday bias remains on the upside. But we'd maintain that current rise is part of the consolidation pattern from 0.6905. Thus, strong resistance should be seen at 38.2% retracement of 0.8161 to 0.6905 at 0.7385 to limit upside and bring down trend resumption. Below 0.7169 minor support will turn bias to the downside for 0.7015 support first. Break will target a test on 0.6905 low. However, firm break of 0.7385 will dampen our view and turn focus to 0.7625 key resistance. 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
23:50	JPY	Monetary Base Y/Y Nov	32.50%		32.50%
00:30	AUD	GDP Q/Q Q3	0.90%	0.70%	0.20%
09:30	GBP	UK Construction PMI Nov		58.4	58.8
10:00	EUR	Eurozone PPI M/M Oct		-0.40%	-0.30%
10:00	EUR	Eurozone PPI Y/Y Oct		-3.20%	-3.10%
10:00	EUR	Eurozone CPI Estimate Y/Y Nov		0.20%	0%
10:00	EUR	Eurozone CPI - Core Y/Y NOV A		1.10%	1.10%
13:15	USD	ADP Employment Change Nov		185k	182k
13:30	USD	Non-Farm Productivity Q3 F		2.20%	1.60%
13:30	USD	Unit Labor Costs Q3 F		0.90%	1.40%
15:00	CAD	BoC Rate Decision		0.50%	0.50%
15:30	USD	Crude Oil Inventories			1.0M
19:00	USD	Fed's Beige Book Report

Orders and Options Watch

US Session: Orders and Options Watch

EUR: The single currency edged higher after rebounding from yesterday's low of 1.0558, however, offers are still noted at 1.0630-35, 1.0650 and 1.0665, selling interest is tipped at 1.0685, 1.0700 and 1.0720-25, sellers are awaiting at 1.0745, 1.0760 and 1.0780-85, mixture of offers and stops is located at 1.0800. On the downside, bids are seen at 1.0575-80, 1.0550-60 (stops below barrier at 1.0550) and 1.0525-30, buy orders are expected at 1.0500 (another barrier), 1.0485 and 1.0465, buying interest should emerge around 1.0450, 1.0425-30 and 1.0400.

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Forex Trade Ideas

Trade Idea: EUR/GBP - Hold long entered at 0.7040

As the single currency has rebounded after holding above indicated support at 0.7000, retaining our view that further consolidation above last week's low of 0.6982 would be seen and mild upside bias remains for another rebound, above resistance at 0.7080 would bring retracement of recent decline and gain to resistance at 0.7110 would follow. Having said that, break there is needed to add credence to this view, bring a stronger rebound to 0.7130 and later 0.7150-55

Trade Idea: USD/CAD - Hold short entered at 1.3365

Although the greenback rebounded again after finding support at 1.3310 earlier today, as long as 1.3400 holds, further consolidation below last week's high at 1.3436 would be seen with mild downside bias for another retreat, below said support would bring test of 1.3280 but break there is needed to signal top has been formed, then test of 1.3245-50 would follow, break there would would provide confirmation