Action Insight	Candlesticks Trades	Markets Summary	Action Bias	Top Movers	Daily Technicals
Calendar	Elliott Wave Trades	Markets Volatility	Pivot Points	Heat Map	Daily Fundamentals

Action Insight Market Overview	Markets Snapshot
Mid-Day Report: Euro Steady as ECB Awaited Euro stays steady in range as markets await ECB rate decision and press conference. The central bank is widely expected to keep policies unchanged. Last week, Governing council member Ewald Nowotny's comments that the central bank might need new instrument to boost growth and inflation fueled speculations that President Draghi would deliver a more dovish statement this week. We expect the ECB would pledge to continue implementation of the QE program through September 2016 and reiterate commitments to extend stimulus whenever necessary. President Draghi would likely reaffirm that the ECB is "ready, willing and capable" of actions. Full Report Here...
Featured Technical Report
EUR/AUD Daily Outlook Daily Pivots: (S1) 1.5632; (P) 1.5702; (R1) 1.5795; More... Intraday bias in EUR/AUD remains neutral for the moment. We'd still expect strong support from 38.2% retracement of 1.3671 to 1.6587 at 1.5473 to complete the correction from 1.6587. Above 1.5820 minor resistance should bring stronger rise to retest 1.6587. However, break of 1.5396 will invalidate our view and bring deeper decline to 61.8% retracement at 1.4785 and possibly below. 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

Get ready for a return to stock-picking: Quality growth investments to fit your own unique risk tolerance! At The MoneyShow Las Vegas, May 12-14, 2015, you can find potent growth investments in a fragile bull market. Hear from the industry's top experts such as Steve Forbes, Mark Mills, James Stack, and many more! Register for free now!

GMT	Ccy	Events	Actual	Consensus	Previous
0:30	AUD	NAB Business Confidence Q3	0		4
8:00	EUR	ECB Monthly Bulletin
8:30	GBP	Retail Sales M/M Sep		0.40%	0.20%
11:45	EUR	ECB Rate Decision		0.05%	0.05%
12:30	CAD	Retail Sales M/M Aug			0.50%
12:30	CAD	Retail Sales Less Autos M/M Aug			0.00%
12:30	USD	Initial Jobless Claims (OCT 17)		266K	255k
13:00	USD	House Price Index M/M Aug		0.50%	0.60%
14:00	EUR	Eurozone Consumer Confidence Oct A		-7.5	-7.1
14:00	USD	Existing Home Sales Sep		5.35m	5.31m
14:00	USD	Leading Indicators Sep		0.00%	0.10%
14:30	USD	Natural Gas Storage			100B

Orders and Options Watch

US Session: Orders and Options Watch

GBP: The British pound recovered after intra-day initial fall to 1.5415 but sell orders are still noted at 1.5480, 1.5500-10 (stops above) and 1.5525-30, selling interest is tipped at 1.5550, 1.5565 and 1.5585, sellers are awaiting at 1.5600 and 1.5620. On the downside, bids are seen at 1.5415, 1.5400 and 1.5380, buy orders are expected at 1.5350, 1.5330 and 1.5300, buying interest should emerge around 1.5285, 1.5265 and 1.5250.

Read more...

Forex Trade Ideas

Trade Idea: EUR/GBP - Buy at 0.7260 or sell at 0.7420

Although the single currency has rebounded after finding support at 0.7304 and consolidation above this level is seen, reckon upside would be limited to 0.7395-00 (50% Fibonacci retracement of 0.7493-0.7304) and renewed selling interest should emerge below 0.7420-25 (61.8% Fibonacci retracement), bring another decline later. Below said support at 0.7304 would signal the decline from 0.7493 top (wave v peak) is still in progress

Trade Idea: USD/CAD - Buy at 1.2910

The greenback has rebounded again after brief retreat to 1.2935 yesterday, retaining our view that further consolidation above last week's low at 1.2832 would take place with mild upside bias for test of resistance at 1.3081, however, break there is needed to add credence to our view that low has been formed at 1.2832, this would also signal at least first leg of decline from 1.3457 top has ended