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Action Insight Market Overview	Markets Snapshot
Daily Report: Yen Staying in Range after BoJ Stands Pat Some volatility is seen in the Japanese yen in Asian session today but it remains stuck this week's range. BoJ kept monetary policies unchanged today despite some speculations of additional stimulus. Interest rate was held near zero while the annual target for monetary base expansion was kept at JPY 80T. Board member Takahide Kiuchi dissented on the decision again and called for a cut in monetary base expansion target to JPY 45T. BoJ governor Haruhiko Kuroda noted in that recovery in Japan remained moderate in spite of slowdown in emerging markets. Meanwhile, he remained optimistic that growth will pick up and exceed potential in fiscal 2015 and 2016. Meanwhile, core inflation is expected to hit the 2% target in second half of fiscal 2016. Full Report Here...
Featured Technical Report
USD/JPY Daily Outlook Daily Pivots: (S1) 120.73; (P) 120.96; (R1) 121.33; More... Intraday bias in USD/JPY remains neutral for the moment. The failure to take out 121.62 resistance suggests that recent sideway consolidation would continue. On the upside, break of 121.62 will extend the rebound from 116.13 towards 125.27/85 resistance zone. Below 118.05 will target 116.13 instead. 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
	JPY	BoJ Monetary Policy Statement
21:45	NZD	Building Permits M/M Sep	-5.70%		-4.90%	-5.30%
23:30	JPY	Unemployment Rate Sep	3.40%	3.40%	3.40%
23:30	JPY	Household Spending Y/Y Sep	-0.40%	1.20%	2.90%
23:30	JPY	National CPI Core Y/Y Sep	-0.10%	-0.20%	-0.10%
23:30	JPY	Tokyo CPI Core Y/Y Oct	-0.20%	-0.20%	-0.20%
0:00	NZD	NBNZ Business Confidence Oct	10.5		-18.9
0:05	GBP	GfK Consumer Sentiment Oct	2	4	3
0:30	AUD	PPI Q/Q Q3	0.90%		0.30%
0:30	AUD	PPI Y/Y Q3	0.80%		1.10%
5:00	JPY	Housing Starts Y/Y Sep	2.60%	6.50%	8.80%
8:00	CHF	KOF Leading Indicator Oct		100.1	100.4
9:00	EUR	Italian Unemployment Rate Sep		11.90%	11.90%
10:00	EUR	Eurozone Unemployment Rate Sep		11.00%	11.00%
10:00	EUR	Eurozone CPI Estimate Y/Y Oct		0.00%	-0.10%
10:00	EUR	Eurozone CPI - Core Y/Y (OCT A)		0.90%	0.90%
12:30	USD	Employment Cost Index Q3		0.60%	0.20%
12:30	USD	Personal Income Sep		0.20%	0.30%
12:30	USD	Personal Spending Sep		0.20%	0.40%
12:30	USD	PCE Deflator M/M Sep		-0.10%	0.00%
12:30	USD	PCE Deflator Y/Y Sep			0.30%
12:30	USD	PCE Core M/M Sep		0.20%	0.10%
12:30	USD	PCE Core Y/Y Sep			1.30%
12:30	CAD	GDP M/M Aug		0.10%	0.30%
13:45	USD	Chicago PMI Oct		49.7	48.7
14:00	USD	U. of Michigan Confidence Oct F		92.6	92.1

Orders and Options Watch

US Session: Orders and Options Watch

EUR: The single currency recovered but offers are still noted at 1.0980, 1.1000 and 1.1020-25, selling interest is tipped at 1.1050, 1.1075-80 and 1.1100. On the downside, bids are seen at 1.0915-20, 1.0900 and 1.0885, buy orders are expected at 1.0850, 1.0830 and 1.0800, buying interest should emerge around 1.0785, 1.0765 and 1.0750.

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Forex Trade Ideas

Trade Idea: EUR/GBP - Sell at 0.7250

As the single currency fell again after meeting renewed selling interest at 0.7250 yesterday, adding credence to our bearish view that the decline from 0.7493 (wave v top) is still in progress and may extend weakness to 0.7120-25, however, loss of near term momentum should limit downside to 0.7100 and reckon 0.7070 would hold from here.

Trade Idea: USD/CAD - Sell at 1.3195

Although the greenback rebounded after finding support at 1.3090, as 1.3238 has capped upside and the pair has retreated, retaining our view that further consolidation below yesterday's high of 1.3280 would be seen and break of said support at 1.3090 would signal top has been formed there, bring at least a retracement of recent rise to support at 1.3040.