 Welcome to Tick Mill weekly market outlook for week commencing the 25th of November with me, Patrick Monthly. It will be a holiday short week in the US with Thanksgiving on Thursday. Ahead of that, the Doty counter is not particularly exciting. Wednesday's third quarter GDP is a second estimate. It's not expected to be revised from the initial increase of a 1.9% annualised read. Potentially more interesting to markets will be the indications of Q4 growth. The most significant of those will be October's consumer spending report released on Wednesday. The consumer was again a key driver of US growth in the third quarter. The data for the October is expected to confirm that this will remain so in Q4. The report will also contain the latest reading from the Fed's preferred inflation measure, the PCE deflator, which is expected to show inflation still below the 2% target. The report will be the advanced train report released Tuesday, new home sales also released on Tuesday and durable goods orders Wednesday. There are not many US Fed policy makers scheduled to speak, but Fed Chair Powell will make his first public comment since last week's meeting with President Trump. Despite the President's demand for further rate cuts, Powell is likely to reiterate that Fed's previous message that the policy is now on hold while they monitor the impact of this year's three rate reductions. From a technical perspective, I've turned tactically bullish, the US dollar, looking for a move now up to test the key resistance at the 1980 to 99 level. This will complete an ABCD correction into symmetry swing resistance, the monthly R1 pivot and into the 78.6% retracement of the October decline. From this area, I'll be monitoring the price action looking for bearish reversal candles to set bearish positions, targeting the bigger equidistant swing target down at 96.40%. Whilst we're looking at the dollar, let's check in with gold. Gold has continued to find selling pressure this week and as we hold the 1477 as resistance, I'm now looking for prices to test lower into the lower end of the channel and the monthly S2 support down at 1440. I'll be monitoring price action closely as we test this area, looking for bullish reversal patterns to re-engage long positions in gold. In Canada, the Canadian economy updates the GDP growth as the week's main event. It's the week's only noticeable release, but it occurs on Friday when many US accounts are likely to be out on an abridged long weekend following the US Thanksgiving on Thursday. The economy probably stalled again in September, while registering little overall growth in Q3. While Canadian economic indicators were soft during September, with just wholesale trade left to consider, and that will be released Monday. A technical perspective, the Canadian dollar has continued to find bids at the 132.60 area and we're re-testing back into range highs at 133.40. If we can get a close above the 133.30 area, that will encourage bulls with an upside objective then to be seen with our A, B, C, D pattern completing up into the ascending trendline resistance at the 134 area where we're also getting the descending trendline resistance at 134.50. I'll be watching for bearish reversal patterns at 134.30 to 134.50 to set short positions, at least I'll be moving back down to test for our highs at 133.50. The Eurozone, Monday's German survey for November, will provide a further indication whether the slide in the country's manufacturing sector is levelling off. Markets in particular will be watching for further pickup in the expectations components. Meanwhile, Eurozone November annual headline CPE inflation will be released Friday and is forecast to rise slightly to 0.8% from October 0.7%, still well below the ECB's inflation target of close to but below 2%, core inflation excluding food and energy is expected to be unchanged at 1.1%. From a technical perspective, I issued short positions in the Euro on Friday and I'm holding those positions now and I'm looking for a test of the symmetry swing support down to 109.60. We're monitoring price action closely here as we complete a cycle pattern and I'll be looking for bullish reversal candles to re-engage the Euro on the long side, targeting move back up to test range resistance at the 111.80. While we're talking about the Euro, let's check in with the DAX. DAX has continued to find resistance at the 13300 level and as we continue to hold there, I'm looking for a three-way corrected pattern to ultimately re-test the prior range highs at 12600. I'll be watching if I have price response here. We also have the ascending trend line support. I'll be looking for bullish reversal patterns to engage the market on the long side, targeting a break at the current highs of the 13300. Economic data releases have had little impact on UK financial markets and leads and that seems likely to continue to be the case with next week's sparse calendar. Possibly at most interest will be November's reading for the GFK Consumer Confidence Measure and the Lloyds Bank Business Barometer both released on Friday. There are outtents were mixed last month as consumer confidence dropped to a joint low of the year, whereas the business measure rose for the second consecutive month. Friday's days will be watched for the impact on sentiments of the Brexit deal agreed with the EU and the announcement of the general election. From a technical perspective, the selling dollar held the range resistance at the 12990 area. I'm now looking for a test of descending trend line support down to 12750 and the monthly pivot at 12720. We're watching the bullish reversal patterns to emerge here. If they do, I'll be setting long positions, targeting a test of the 12990 and an ultimate break enroute to the 132. However, a failure for buyers to emerge at the 127 level will suggest a deeper pullback to test a sending trend line support down to 12530. The Asian docket is relatively light next week. Japan top two in numbers are retail sales and most notably Friday's October jobless rate, which is expected to come in line with consensus at 2.4%. Low raises premise on a moderating labour supply. From a technical perspective, the dolly yen continues to trade really in this 108 to 109 range. If we can fail to break above 109, then I'm looking for a move down to test symmetry swing support at 10750, where I'll be looking for bullish reversal patterns to re-engage the market on the long side, targeting an ultimate break of 10940 enroute to the equidus and swim objective at 11050. Failure below 10750, we'll open a move back down to test 10650. No top tier data in Australia next week. However, we do have the Reserve Bank of Australia's Deputy Governor De Bell speaking on employment and wages and also the RBA Governor Lo speaks on unconventional monetary policy both on Tuesday. From a technical perspective, the Australian dollar failed to capitalise on the reversal pattern that we saw earlier in the week last week, and we are now retesting the lows. If we fail to find a bid here at the 6770 area, I'm looking for a test down to the 6730 monthly S1 and descending trend line support. We also have symmetry swing support just below there at the 67 level, watching price actions retest this area for bullish reversal patterns to re-engage the market alongside. And that concludes the weekly market outlook for week commencing 25th November.