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Action Insight Market Overview	Markets Snapshot
Mid-Day Report: Dollar Lifted by ADP Job, Euro Down on CPI Dollar regains much ground against European majors today. Euro and Sterling are both weighed down mildly by respective data. Meanwhile, there is some support for the greenback from job data. The ADP employment report showed 217k growth in private sector jobs in November, notably above expectation of 185k. Prior month's figure was also revised up from 182k to 196k. Non-farm productivity was finalized at 2.2% in Q3 while unit labor cost was finalized at 1.8%. Dollar index is trading back above 100 handle at the time writing. BoC will announce rate decision later today and Fed will release Beige Book report. But main focus will stays on tomorrow's ECB and Friday's NFP. Full Report Here...
Featured Technical Report
EUR/USD Mid-Day Outlook Daily Pivots: (S1) 1.0584; (P) 1.0610 (R1) 1.0658; More..... No change in EUR/USD's outlook. Further decline is still expected with 1.0688 minor resistance intact. 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. However, considering bullish convergence condition in 4 hours MACD, break of 1.0688 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	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	55.3	58.4	58.8
10:00	EUR	Eurozone PPI M/M Oct	-0.30%	-0.40%	-0.30%	-0.40%
10:00	EUR	Eurozone PPI Y/Y Oct	-3.10%	-3.20%	-3.10%
10:00	EUR	Eurozone CPI Estimate Y/Y Nov	0.10%	0.20%	0.00%	0.10%
10:00	EUR	Eurozone CPI - Core Y/Y NOV A	0.90%	1.10%	1.10%
13:15	USD	ADP Employment Change Nov	217K	185k	182k	196K
13:30	USD	Non-Farm Productivity Q3 F	2.20%	2.20%	1.60%
13:30	USD	Unit Labor Costs Q3 F	1.80%	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 retreated in European session, bids at 1.0600 and 1.0580 were filled but buy orders are still noted at 1.0575, 1.0550-60 (stops below barrier at 1.0550) and 1.0525-30, buying interest is tipped at 1.0500 (another barrier), 1.0485 and 1.0465, fresh demand is located at 1.0450, 1.0425-30 and 1.0400 (stops below). On the upside, offers are seen at 1.0620-35 area, 1.0650 and 1.0665, sell orders are expected at 1.0685-1.0700 area, 1.0720-25 and 1.0745, selling interest should emerge around 1.0760, 1.0780-85 and 1.0800.

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Forex Trade Ideas

Trade Idea Update: GBP/USD - Hold long entered at 1.5040

Cable's retreat after yesterday's rebound to 1.5126 suggests consolidation would be seen and marginal weakness from here cannot be ruled out, however, if our view that a temporary low formed at 1.4994 yesterday is correct, downside should be limited to 1.5020 and bring another rebound later, above said resistance would add credence to this view, bring retracement of recent decline to 1.5136 resistance and possibly towards 1.5156

Trade Idea Update: USD/JPY - Hold long entered at 122.70

Dollar's retreat from 123.34 to 122.64 suggests further consolidation would be seen but as long as said support at 122.64 holds, mild upside bias remains for another rebound, above said resistance at 123.34 would add credence to our view that the decline from 123.76 has ended at 122.26 last week, bring further gain to 123.50 and then retest of said resistance at 123.76.