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Action Insight Market Overview	Markets Snapshot
Daily Report: Eyes on BoE and FOMC Minutes BoE monetary policy decisions and FOMC minutes are the two main focuses today. BoE is widely expected to keep interest rate unchanged at 0.50% and asset purchase target at GBP 375b. A major focus is on the vote split where markets expected Ian McCafferty to continue to dissent on rate decision and vote for a hike. Sterling has been under some pressure since July on speculations that recent market turmoil would delay BoE's rate hike deep into mid next year. But the pound is supported this week on a couple of factors including improving risk market sentiments, better than expected data. Also, in the latest update, IMF raised UK growth forecast for 2015 from 2.4% to 2.5% and kept that for 2016 at 2.2%. That compared to the backdrop of lowering global growth forecast from 3.3% to 3.1% in 2015 and from 3.8% to 3.6% in 2016. ECB monetary policy meeting accounts will also be watched in European session. Full Report Here...
Featured Technical Report
USD/JPY Daily Outlook Daily Pivots: (S1) 119.71; (P) 120.03; (R1) 120.32; More... The sideway consolidation continues in USD/JPY as it stays bounded in range of 118.58/121.62. On the upside, break of 121.62 will extend the rebound from 116.13 and target 125.27/85 resistance zone. We'd cautious on strong resistance from there to bring reversal. On the downside, break of 118.58 will turn focus back to 116.13 support 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
23:01	GBP	RICS House Price Balance Sep	44%	56%	53%
23:50	JPY	Machine Orders M/M Aug	-5.70%	3.10%	-3.60%
23:50	JPY	Current Account (JPY) Aug	1.59T	1.28T	1.32T
05:00	JPY	Eco Watchers Survey: Current Sep		48.6	49.3
05:45	CHF	Unemployment Rate Sep		3.40%	3.30%
06:00	EUR	German Trade Balance (EUR) Aug		20.2B	22.8B
11:00	GBP	Bank of England Rate Decision		0.50%	0.50%
11:00	GBP	BoE Asset Purchase Target		375b	375b
11:00	GBP	MPC Official Bank Rate Votes		1--0--8	1--0--8
11:00	GBP	MPC Asset Purchase Facility Votes		0--0--9	0--0--9
11:30	EUR	ECB Monetary Policy Meeting Accounts
12:15	CAD	Housing Starts Sep			216.9k
12:30	CAD	New Housing Price Index M/M Aug		0.20%	0.10%
12:30	USD	Initial Jobless Claims (OCT 3)		274K	277K
14:30	USD	Natural Gas Storage			98B
18:00	USD	FOMC Minutes

Orders and Options Watch

US Session: Orders and Options Watch

EUR: The single currency retreated after faltering below resistance at 1.1290, offers are noted at 1.1280-85 and 1.1300, sell orders are reported at 1.1330 and 1.1350, selling interest is tipped at 1.1365, 1.1380 and 1.1400. On the downside, bids are seen at 1.1220, 1.1200 and 1.1180-85, buy orders are expected at 1.1155-60 and 1.1135, buying interest should emerge around 1.1120-25 and 1.1100 (stops below).

Trade Idea: EUR/GBP - Sell at 0.7395

The single currency slipped below indicated support at 0.7355, suggesting top has possibly been formed at 0.7443 last week and consolidation with downside bias is seen for retracement of recent rise towards support at 0.7303, break there would add credence to this view, bring correction to 0.7270-75 first.

Trade Idea: USD/CAD - Stand aside

Although the greenback broke below indicated support at 1.3013 and signal a temporary top has been formed at 1.3457 (tentatively wave v top), loss of near term downward momentum should prevent sharp fall below 1.2950 and reckon 1.2900 would hold from here, risk from there is seen for a rebound to take place soon.