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Action Insight Market Overview	Markets Snapshot
Daily Report: IMF Downgraded Global Growth Forecast, Dollar and Yen Soft US equities closed mixed overnight as this week's strong rebound is starting to lose momentum. DJIA closed 13.76 pts, or 0.08%, higher at 16790.19. S&P 500 dropped -7.13 pts or -0.36% to close at 1979.92. Note that both are starting to face some resistance 55 days EMA, at 16790 and 1992.1 respectively. And there is risk of a deeper pull back today. Asian equities are trading flat at the time of writing. Crude oil surges to as high as 49.38 so far today and is breaking out from recent sideway consolidations. Further strength in crude oil would likely drag USD/CAD down through 1.3011 support to indicate trend reversal. In the currency markets, dollar and yen remain the weakest major currencies this week, overwhelmed by the strength in commodity currencies. BoJ left monetary policies unchanged as widely expected. Full Report Here...
Featured Technical Report
USD/CAD Daily Outlook Daily Pivots: (S1) 1.2994; (P) 1.3064; (R1) 1.3102; More... No change in USD/CAD's outlook. The risk of trend reversal in USD/CAD is increasing as the pair failed a long term retracement level at 1.3469 and there is bearish divergence condition in daily MACD. Focus is on 1.3011 support and break will at least bring deeper fall back to 1.2834 resistance turned support. Meanwhile, on the upside, firm break of 1.3456 resistance is needed to confirm up trend resumption. Otherwise risk will stay on the downside for another fall. 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
	JPY	BoJ Monetary Policy Statement
23:01	GBP	BRC Shop Price Index Y/Y Sep	-1.90%		-1.40%
5:00	JPY	Leading Index Aug P		103.4	105
6:00	EUR	German Industrial Production M/M Aug		0.30%	0.70%
7:00	CHF	Foreign Currency Reserves Sep			540.4b
8:30	GBP	Industrial Production M/M Aug		0.20%	-0.40%
8:30	GBP	Industrial Production Y/Y Aug		1.20%	0.80%
8:30	GBP	Manufacturing Production M/M Aug		0.30%	-0.80%
8:30	GBP	Manufacturing Production Y/Y Aug		-0.10%	-0.50%
12:30	CAD	Building Permits M/M Aug			-0.60%
14:00	GBP	NIESR GDP Estimate Sep			0.50%
14:30	USD	Crude Oil Inventories			4.0M

Orders and Options Watch

US Session: Orders and Options Watch

EUR: The single currency recovered after finding support just above 1.1170 and offers at 1.1225-30 were filled, however, sell orders are still noted at 1.1250, 1.1265 and 1.1280, selling interest is tipped at 1.1300, 1.1330 and 1.1350. On the downside, bids are now seen at 1.1200-05, 1.1180-85 and 1.1155-60, buy orders are expected at 1.1135 and 1.1120, mixture of bids and stops is located at 1.1100.

Trade Idea: EUR/GBP - Stand aside

The single currency traded narrowly after rising to 0.7443 late last week, retaining our view that further consolidation below this level would bee seen and pullback to 0.7355 support cannot be ruled out, however, break there is needed to signal top has possibly been formed there, bring weakness to 0.7336 support but only a drop below 0.7303 level would provide confirmation

Trade Idea: USD/CAD - Stand aside

Recent retreat from 1.3457 top has kept the greenback under pressure, suggesting top has possibly been formed there (tentatively wave v top) and downside risk remains for this fall to bring retracement of recent upmove, hence weakness to 1.3050, then towards 1.3013 support is likely, however, reckon psychological level at 1.3000 would hold on first testing