Action Insight	Candlesticks Trades	Markets Summary	Action Bias	Top Movers	Daily Technicals
Calendar	Elliott Wave Trades	Markets Volatility	Pivot Points	Heat Map	Daily Fundamentals

Action Insight Market Overview	Markets Snapshot
Mid-Day Report: Swiss Franc Dives on SNB Speculations Swiss Franc drops sharply today on speculation that SNB will respond to the expected easing by ECB in December with some actions. That might include intervention in the currency markets and extended use of negative interest rates. Also, there are talks that traders would like to go long dollar and the Swiss Franc is at the moment a preferred choice. After all, USD/CHF took out 1.0239 key resistance this week and is heading to long term fibonacci level at 38.2% retracement of 1.8305 to 0.7065 at 1.1359. EUR/CHF also breached a near term resistance at 1.0917 and would be targeting 1.1049 resistance next. Full Report Here...
Featured Technical Report
USD/CHF Mid-Day Outlook Daily Pivots: (S1) 1.0209; (P) 1.0230; (R1) 1.0257; More.... USD/CHF's rally continues today and the strong break of 1.0239 resistance confirm upside momentum. Intraday bias is now on the upside for 161.8% projection of 0.9256 to 0.9842 from 0.9475 at 1.0423. On the downside, break of 1.0143 support is needed to indicate short term topping. Otherwise, outlook will remain bullish in case of retreat. 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

Get ready for a return to stock-picking: Quality growth investments to fit your own unique risk tolerance! At The MoneyShow Las Vegas, May 12-14, 2015, you can find potent growth investments in a fragile bull market. Hear from the industry's top experts such as Steve Forbes, Mark Mills, James Stack, and many more! Register for free now!

GMT	Ccy	Events	Actual	Consensus	Previous	Revised
23:30	JPY	Jobless Rate Oct	3.10%	3.40%	3.40%
23:30	JPY	Household Spending Y/Y Oct	-2.40%	0.00%	-0.40%
23:30	JPY	National CPI Core Y/Y Oct	-0.10%	-0.10%	-0.10%
23:30	JPY	Tokyo CPI Core Y/Y Nov	0.00%	-0.10%	-0.20%
00:05	GBP	GfK Consumer Sentiment Nov	1	2	2
09:30	GBP	GDP Q/Q Q3 P	0.50%	0.50%	0.50%
09:30	GBP	Index of Services 3M/3M Sep	0.70%	0.80%	0.90%
10:00	EUR	Eurozone Economic Confidence Nov	106.1	105.9	105.9
10:00	EUR	Eurozone Business Climate Indicator Nov	0.36	0.45	0.44
10:00	EUR	Eurozone Industrial Confidence Nov	-3.2	-2.1	-2
10:00	EUR	Eurozone Services Confidence Nov	12.8	12	11.9
10:00	EUR	Eurozone Consumer Confidence Nov F	-5.9	-7.9	-6
13:30	CAD	Industrial Product Price M/M Oct	-0.50%	-0.10%	-0.30%	-0.40%
13:30	CAD	Raw Materials Price Index M/M Oct	0.40%	0.40%	3.00%	2.40%

Orders and Options Watch

US Session: Orders and Options Watch

EUR: The single currency remained under pressure after dropping from 1.0638, bids at 1.0600 and 1.0580-85 were filled but buy orders are reported at 1.0550-60, 1.0525-30 and 1.0500 (stops below), buying interest is tipped at 1.0485, 1.0465, 1.0450 and 1.0425-30, mixture of bids and stops is located at 1.0400. On the upside, offers are seen at 1.0635-40, 1.0650 and 1.0665, sell orders are expected at 1.0685, 1.0700 and 1.0720-25, selling interest should emerge around 1.0745, 1.0760 and 1.0780-85, combination of offers and stops is placed at 1.0800.

Read more...

Forex Trade Ideas

Trade Idea Update: EUR/USD - Sell at 1.0610

The single currency dropped after faltering below resistance at 1.0642, suggesting the rebound from 1.0566 has possibly ended there and retest of this level would be seen, break there would extend recent decline to 1.0530-35 (50% projection of 1.1073-1.0617 measuring from 1.0763) and possibly towards 1.0500 but loss of downward momentum should limit downside and price should stay above 1.0460-65, bring rebound later.

Trade Idea Update: USD/CHF - Buy at 1.0265

Current rally together with the breach of previous chart resistance at 1.0296 adds credence to our view that medium term upmove is still in progress and may extend further gain to 1.0330-35, then towards 1.0360-70, however, near term overbought condition should limit upside and price should falter below 1.0400-10, risk from there is seen for a retreat later.