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Action Insight Market Overview	Markets Snapshot
Daily Report: Dollar Supported by Fed Yellen, BoE Super Thursday Watched Dollar was supported by job data and Fed chair Yellen's comment and remains firm today. As Yellen testified before the House Committee, she expressed confidence over US economic developments. According to her, "at the moment what we see is a domestic economy that is pretty strong and growing at a solid pace, offset by some weakening spilling over to us from the global economy". The Fed has been expecting that the "economy will continue to grow at a pace that is sufficient to generate further improvements in the labor market and to return inflation to our 2% target over the medium term". On the monetary policy, "if the incoming information supports that expectation then our statement indicates that December would be a live possibility". Rate hike "moving in a timely fashion - if the data and the outlook justify such a move - is a prudent thing to do because we will be able to move in a more gradual and measured pace". Full Report Here...
Featured Technical Report
USD/CAD Daily Outlook Daily Pivots: (S1) 1.3064; (P) 1.3128; (R1) 1.3211; More... USD/CAD was supported by mentioned 1.3039 minor support and intraday bias remains neutral. Overall, price actions from 1.3456 are viewed as a consolidation pattern and could extend. Below 1.3039 will start the third leg for 1.2830 and below. Above 1.3278 will target 1.3456 but we'd be cautious on strong resistance from there to bring another falling leg to extend the consolidation. 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	Consensus	Previous
23:50	JPY	BOJ Minutes for Oct. 6-7 Meeting
06:45	CHF	SECO Consumer Confidence Oct		-19
07:00	EUR	German Factory Orders M/M Sep	1.00%	-1.80%
08:15	CHF	CPI M/M Oct	0.00%	0.10%
08:15	CHF	CPI Y/Y Oct	-1.40%	-1.40%
09:00	EUR	ECB Monthly Bulletin
09:10	EUR	Eurozone Retail PMI Oct		51.9
10:00	EUR	Eurozone Retail Sales M/M Sep	0.20%	0.00%
10:00	EUR	European Commission Economic Forecasts
12:00	GBP	BoE Rate Decision	0.50%	0.50%
12:00	GBP	BoE Asset Purchase Target	375b	375b
12:00	GBP	MPC Official Bank Rate Votes	1--0--8	1--0--8
12:00	GBP	MPC Asset Purchase Facility Votes	0--0--9	0--0--9
12:00	GBP	BoE Quarterly Inflation Report
12:30	USD	Challenger Job Cuts Y/Y Oct		93.20%
13:30	USD	Initial Jobless Claims	262k	260k
13:30	USD	Non-Farm Productivity Q3 P	0.50%	3.30%
13:30	USD	Unit Labor Costs Q3 P	2.00%	-1.40%
15:00	CAD	Ivey PMI Oct		53.7
15:30	USD	Natural Gas Storage		63B

Orders and Options Watch

US Session: Orders and Options Watch

EUR: The single currency has continued to trade lower but buy orders are still noted at 1.0900, 1.0885 and 1.0850, buying interest is tipped at 1.0830 and 1.0800, fresh demand should emerge around 1.0785 and 1.0750. On the upside, offers are seen at 1.0950-60, 1.0980 and 1.1000, sell orders are expected at 1.1020-25 and 1.1050, selling interest is located at 1.1075-80 and 1.1100.

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Forex Trade Ideas

Trade Idea: EUR/GBP - Hold long entered at 0.7080

Although the single currency has continued to head south and marginal weakness from here cannot be ruled out, loss of near term downward momentum should prevent sharp fall below 0.7050 and bring rebound later. Above 0.7160-65 would bring test of 0.7199, break there would signal low is formed and then a stronger rebound towards resistance at 0.7250 would follow

Trade Idea: USD/CAD - Sell at 1.3190

The greenback slipped again after brief bounce to 1.3165, bearishness remains for the fall from 1.3280 top to bring retracement of the rise from 1.2832 (wave a trough) and below 1.3038 would extend weakness to 1.3000 and possibly towards 1.3250-60, however, support at 1.2935 would hold from here and bring rebound later.