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Action Insight Market Overview	Markets Snapshot
Mid-Day Report: US GDP Missed, But Job Data Solid, Dollar Firm Dollar remains firm in early US session despite GDP miss and the greenback stays supported by yesterday's more hawkish than expected FOMC statement. Q3 GDP grew 1.5% annualized, slightly below expectation of 1.6%. GDP price index rose 1.2%, below expectation 1.5%. Meanwhile initial jobless claims 1k to 260k in the weekended October 24. The 4 week moving average dropped 4k to 259.25k, lowest since December 1973. Continuing claims dropped 37k to 2.14m in the week ended October 17, lowest since November 2000. Canadian IPPI dropped -0.3 mom in September while RMPI rose 3.0% mom. Full Report Here...
Featured Technical Report
EUR/USD Mid-Day Outlook Daily Pivots: (S1) 1.0848; (P) 1.0971 (R1) 1.1047; More..... EUR/USD's fall is still in progress and intraday bias remains on the downside. Corrective rise rise from 1.0461 has already completed at 1.1713, ahead of 38.2% retracement of 1.3993 to 1.0461 at 1.1810. Deeper decline should be seen to 1.0807 support first. Break there will bring retest of 1.0461 low. On the upside, above 1.1095 minor resistance will turn bias neutral and bring consolidations before staging another decline. 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
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%
00:30	AUD	Import Price Index Q/Q Q3	1.40%	1.00%	1.40%
08:55	EUR	German Unemployment Change Oct	-5K	-4K	2k
09:30	GBP	Mortgage Approvals Sep	69K	73K	71k
10:00	EUR	Eurozone Economic Confidence Oct	105.9	105.2	105.6
10:00	EUR	Eurozone Business Climate Indicator Oct	0.44	0.32	0.34	0.36
10:00	EUR	Eurozone Industrial Confidence Oct	-2	-2.8	-2.2	-2.3
10:00	EUR	Eurozone Services Confidence Oct	11.9	12	12.4
10:00	EUR	Eurozone Consumer Confidence (OCT F)	-7.7	-7.7	-7.7
11:00	GBP	CBI Reported Sales Oct	19	35	49
12:30	USD	Initial Jobless Claims (OCT 24)	260K	264K	259K
12:30	USD	GDP (Annualized) Q3 A	1.50%	1.60%	3.90%
12:30	USD	GDP Price Index Q3 A	1.20%	1.50%	2.10%
12:30	CAD	Industrial Product Price M/M Sep	-0.30%	-0.10%	-0.30%
12:30	CAD	Raw Materials Price Index M/M Sep	3.00%	1.20%	-6.60%	-6.80%
13:00	EUR	German CPI M/M Oct P	0.00%	-0.10%	-0.20%
13:00	EUR	German CPI Y/Y Oct P	0.30%	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 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 Update: USD/CHF - Buy at 0.9840

As the greenback retreated after yesterday's rally to 0.9958, suggesting consolidation below this level would be seen and below the Kijun-Sen (now at 0.9890 would bring pullback to the upper Kumo (now at 0.9849), however, support at 0.9821 (yesterday's low) should remain intact, bring another rise later, above said resistance would extend recent upmove to 0.9970-75, then towards psychological resistance at 1.0000

Trade Idea Update: GBP/USD - Sell at 1.5310

As the British pound met renewed selling interest at 1.5348 and has fallen again on dollar's broad-based rebound, suggesting the decline from 1.5510 top is still in progress and weakness towards indicated key support at 1.5201 would be seen, however, a break below there is needed to retain bearishness and signal early correction from 1.5107 low has indeed ended