Action Insight Market Overview	Markets Snapshot
Sentiments Recovered as China Loosens Credit Control, Dollar Mildly Lower After sharp risk aversion triggered by disastrous German bond sale yesterday, sentiments recovered today on news that China is starting to loosen up credit conditions. It's confirmed that PBoC has lowered the reserve requirement ratio for six rural banks in Zhejiang province by 50 bps, effective Friday. In addition, there are now speculations that China could cut reserve requirements for all banks in Q1 of 2012. Asian equities opened sharply lower following the -2.05% fall in DOW overnight. But major Asian indices pared most losses as the day went all. Also, traders are squaring off positions ahead of thanksgiving holiday in US today. Dollar retreats mildly from yesterday's high against major currencies and stays in tight range so far. Full Report Here...
Featured Technical Report
USD/CHF Daily Outlook Daily Pivots: (S1) 0.9144; (P) 0.9179; (R1) 0.9230; More. USD/CHF's recovery was limited below 0.9235 resistance so far and intraday bias remains neutral. More consolidations could be seen in near term. Though, another rise remains in favor with 0.8953 support intact. Above 0.9235 will extend the rebound from 0.8567 to 0.9315 resistance. However, note again that the structure of the rebound from 0.8567 is still corrective looking. Below 0.8953 will suggest that such rebound is finished and should flip bias back to the downside for 0.8567 support and possibly below. 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	Top trading expert speakers, analysts and exhibitors. Discover the Newest Comer to the market, analyze latest market trends explore different trading platforms, and explore a wide opportunity on future investments. The 9th ME Forex & Investment Summit 2011 Don’t miss this year’s World MoneyShow London, 11-12 November 2011 at the Queen Elizabeth II Conference Centre. Be there as recommendations and advice are revealed for how to best position your portfolio for profit—in 2011 and beyond. Don't miss out... Register Free Today!
GMT Ccy Events Actual Consensus Previous Revised 21:45 NZD Trade Balance (NZD) Oct -282M -454M -751M -789M 7:00 EUR German GDP Q/Q Q3 F 0.50% 0.50% 0.50% 9:00 EUR German IFO - Business Climate Nov 105.5 106.4 9:00 EUR German IFO - Current Assessment Nov 115.5 116.7 9:00 EUR German IFO - Expectations Nov 96 97 9:30 GBP GDP Q/Q Q3 P 0.50% 0.50% 9:30 GBP Index of Services 3M/3M Sep 0.30% 0.40% 11:00 GBP CBI Trends Total Orders Nov -18
Orders and Options Watch
European Session: Orders and Options Watch EUR: The greenback slipped yesterday on heavy selling by real money accounts, Eastern European names and U.S. corps to as low as 1.3320 before short-covering ahead of Thanksgiving holiday lifting the pair back above 1.3380 this morning in Asia, however, still hear decent offers at 1.3410-15 and further out at 1.3450-60 with stops building up above 1.3485-90. On the downside, option-defensive bids are reported at 1.3310-20 (for protection of 1.3300 barrier) and more buying interests are expected head of 1.3250 and 1.3200 option barriers. Read more...
Forex Trade Ideas
Trade Idea: USD/CHF – Buy at 0.9130 Despite yesterday’s rise to 0.9214, lack of follow through buying on the break of previous resistance at 0.9209 suggests consolidation would be seen and pullback to the Kijun-Sen (now at 0.9162) and possibly the Ichimoku cloud bottom (now at 0.9147) is likely, however, reckon support at 0.9108 would hold from here and bring another rise later. A sustained breach of yesterday’s high would signal the correction from 0.9237 has ended at 0.9086, then further gain towards this level would be seen. Read more... Trade Idea: EUR/USD – Sell at 1.3440 Despite yesterday’s selloff to 1.3321, as the single currency has recovered from there, minor consolidation would be seen and recovery to the Kijun-Sen (now at 1.3400) is likely, however, renewed selling interest should emerge below 1.3445 (50% Fibonacci retracement of 1.3568-1.3321) and bring another decline later. A break of said support would extend recent decline from 1.4248 top to 1.3300, however, near term loss of downward momentum should limit downside Read more... Candlesticks Intraday Trade Ideas Update Schedule (GMT): 1st Update: 0630 - 0700; 2nd Update: 0930 - 1000; 3rd Update: 1230 - 1300; 4th Update: 1500 - 1530 Pairs Covered: EUR/USD, USD/JPY, GBP/USD, USD/CHF Elliott Wave Daily Trade Ideas Update Schedule (GMT): AUD/USD, EUR/JPY: 0800 - 0830; EUR/GBP, USD/CAD: 1430 - 1500
Suggested Readings
Fundamental Highlights EUR In Mild Recovery Mode In Asia But Still Looks Vulnerable Asia Session: Short Covering Ahead Of Thanksgiving Daily Financial Market Outlook Forex Exchange Morning Report Technical Highlights USDCAD - Cautiously Bullish While Above 1.0433 European FX Report: AUD/USD EUR/AUD In Double Top Attempt, Failure Opens Up Triangle Resistance At 1.39