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Action Insight Market Overview	Markets Snapshot
Daily Report: Euro Stays Weak on ECB, Aussie and Kiwi Lifted by Stocks Euro was sold off deeply yesterday on hint of further easing by ECB and stays weak in Asian session. The breach of 1.1086 support suggests that more weakness would be seen in EUR/USD in near term. The move in EUR/USD provided a boost to dollar index, which is now back pressing 96.7 resistance. The news also sent equities higher with DJIA closing up 320.55 pts, or 1.87% at 17489.16. Asian equities follow with Nikkei trading up more than 430 pts, or 2.3% at the time of writing. Strong risk appetite also gave Aussie and Kiwi a lift. Commodities are steady though, with crude oil hovering between 45 and 46. Gold is also gyrating around 1170 for the moment. Full Report Here...
Featured Technical Report
EUR/JPY Daily Outlook Daily Pivots: (S1) 133.38; (P) 134.72; (R1) 135.40; More... EUR/JPY drops sharply following broad based weakness in Euro. Focus is back on 133.14 support. Break will bring a test on 132.22 low. Further break there will suggest that rebound from 126.09 has completed and will target a test on this support level. On the upside, break of 137.43 resistance will target 138.99 first. 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
1:35	JPY	PMI Manufacturing Oct P	52.5	50.6	51
2:00	CNY	Conference Board Leading Index Sep	1.60%		1.00%
7:00	EUR	France Manufacturing PMI Oct P		50.2	50.6
7:00	EUR	France Services PMI Oct P		51.9	51.9
7:30	EUR	Germany Manufacturing PMI Oct P		51.9	52.3
7:30	EUR	Germany Services PMI Oct P		54	54.1
8:00	EUR	Eurozone Manufacturing PMI Oct P		51.8	52
8:00	EUR	Eurozone Services PMI Oct P		53.5	53.7
12:30	CAD	CPI M/M Sep			0.00%
12:30	CAD	CPI Y/Y Sep			1.30%
12:30	CAD	BoC CPI Core M/M Sep			0.20%
12:30	CAD	BoC CPI Core Y/Y Sep			2.10%

Orders and Options Watch

US Session: Orders and Options Watch

EUR: The single currency tumbled today after ECB, bids at 1.1250, 1.1230, 1.1200, 1.1185 and 1.1165 were filled, however, some buy orders are still noted at 1.1150 and 1.1130, fresh demand is located at 1.1100 and 1.1070-75. On the upside, offers are lowered to 1.1220, 1.1250 and 1.1300, sell orders are expected at 1.1325-30 and 1.1350, selling interest should emerge around 1.1385-90 (stops above) and 1.1415-20, selling interest should emerge around 1.1450 and further out at 1.1490-00.

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Forex Trade Ideas

Trade Idea Wrap-up: GBP/USD - Sell at 1.5480

Although cable resumed recent rise to a marginal high of 1.5510, lack of follow through buying and the subsequent euro-led retreat signal top has been formed there and consolidation with downside bias is seen for at least a correction of recent rise, hence weakness to 1.5370 and then 1.5350-55 (50% Fibonacci retracement of 1.5201-1.5510) is likely

Trade Idea Wrap-up: EUR/USD - Sell at 1.1240

Current selloff on euro's broad-based weakness signals early erratic rise from 1.1087 has ended at 1.1495 and bearishness remains for further weakness to 1.1135 (previous support, then towards key support at 1.1105, however, break of latter level is needed to signal early downtrend has resumed for further fall towards 1.1081-87