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Action Insight Market Overview	Markets Snapshot
Daily Report: Dollar Surged as FOMC Kept December Hike Possibility Dollar surged sharply as FOMC kept overnight federal funds rate unchanged at 0-0.25% but signaled the possibility of a December rate hike. Dollar index jumped to as high as 97.81 comparing to yesterday's low of 96.46. Futures are also pricing higher chances of rate hike after FOMC statement. Fed future futures implied 43% chance of December liftoff comparing to prior day's 33%. Meanwhile, markets are seeing 67% chance of rate hike by March, comparing to prior day's 57%. Most importantly, equities extended recent rally to close sharply higher. DJIA rose 198.09 pts or 1.13% to close at 17779.52, S&P 500 rose 24.46 pts or 1.18% to close at 2090.35. The reactions in stock suggested that investors responded well to the chance of a December hike and would clear some of Fed's worries. Full Report Here...
Featured Technical Report
AUD/USD Daily Outlook Daily Pivots: (S1) 0.7057; (P) 0.7132; (R1) 0.7183; More... AUD/USD's fall from 0.7381 extends lower and intraday bias remains on the downside. As noted before, the corrective rise from 0.6905 has finally at 0.7381. Deeper decline would be seen for retesting 0.6905/6937 support zone. Decisive break there will extend the larger down trend to 61.8% projection of 0.8161 to 0.6905 from 0.7381 at 0.6605 next. In case of another recovery, we'd continue to expect strong resistance from 38.2% retracement of 0.8161 to 0.6905 at 0.7385 to limit upside. 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
20:00	NZD	RBNZ Rate Decision	2.75%	2.75%	2.75%
23:50	JPY	Industrial Production M/M Sep	1.00%	-0.60%	-1.20%
0:30	AUD	Import Price Index Q/Q Q3	1.40%	1.00%	1.40%
8:55	EUR	German Unemployment Change Oct		-4K	2k
9:30	GBP	Mortgage Approvals Sep		73K	71.0k
10:00	EUR	Eurozone Economic Confidence Oct		105.2	105.6
10:00	EUR	Eurozone Business Climate Indicator Oct		0.32	0.34
10:00	EUR	Eurozone Industrial Confidence Oct		-2.8	-2.2
10:00	EUR	Eurozone Services Confidence Oct		12	12.4
10:00	EUR	Eurozone Consumer Confidence (OCT F)		-7.7	-7.7
11:00	GBP	CBI Reported Sales Oct		35	49
12:30	USD	Initial Jobless Claims (OCT 24)		264K	259K
12:30	USD	GDP (Annualized) Q3 A		1.90%	3.90%
12:30	USD	GDP Price Index Q3 A		1.50%	2.10%
12:30	CAD	Industrial Product Price M/M Sep			-0.30%
12:30	CAD	Raw Materials Price Index M/M Sep			-6.60%
13:00	EUR	German CPI M/M Oct P		-0.10%	-0.20%
13:00	EUR	German CPI Y/Y Oct P		0.20%	0.00%
14:00	USD	Pending Home Sales M/M Sep		0.20%	-1.40%
14:30	USD	Natural Gas Storage			81B

Orders and Options Watch

US Session: Orders and Options Watch

EUR: The single currency recovered today, bids are still noted at 1.1025-30, 1.1000 and 1.0985, buy orders are reported at 1.0960, 1.0930 and 1.0900, buying interest is tipped at 1.0885, 1.0850 and 1.0830, mixture of bids and stops is located at 1.0800. On the upside, offers are seen at 1.1100 and 1.1125, sell orders are expected at 1.1150, 1.1175-80 and 1.1200, selling interest should emerge around 1.1220, 1.1250 and 1.1275, stops are building up above offers at 1.1300.

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Forex Trade Ideas

Trade Idea: EUR/GBP - Sell at 0.7270

Euro's rebound after falling to 0.7168 last week has retained our view that consolidation above this level would be seen and recovery to 0.7270 (50% Fibonacci retracement of 0.7373-0.7168) cannot be ruled out, however, reckon upside would be limited and bring another decline later. Below said support would extend recent selloff to 0.7145-50

Trade Idea: USD/CAD - Stand aside

The greenback finally retreated after rising to 1.3280 earlier today and consolidation below this level would be seen with mild downside bias for test of support at 1.3120-25, however, break there is needed to signal top has been formed, bring further decline to 1.3070-75, then test of support at 1.3040.