If you are able to help the daughter (Kellie) of a true patriot (Yig) who recently passed away, we would all be incredibly grateful. Kellie is trying to have a service for her mom and needs assistance quickly, as this happened so suddenly.

Thank you from the bottom of my heart. Yig was a dear friend of mine. 🙏🏼

https://www.gofundme.com/f/memorializing-kim-yig-wilson

Japan PM Kishida: We cannot tolerate excessive FX moves based on speculation
https://forexlive.com/news/japan-pm-kishida-we-cannot-tolerate-excessive-fx-moves-based-on-speculation-20221024/

Government will take appropriate action against excessive FX volatilityThere is little doubt that they stepped into the market late last week and also earlier today in Asia Pacific trading. That said, don't expect them to confirm nor deny such intervention considering how ineffective it has been made to look. The low for USD/JPY hit 145.48 earlier but the pair is now trading back up to near 149.00 currently.

This article was written by Justin Low at forexlive.com.

France October flash services PMI 51.3 vs 51.5 expected
https://forexlive.com/news/france-october-flash-services-pmi-513-vs-515-expected-20221024/

Prior 52.9Manufacturing PMI 47.4 vs 47.1 expectedPrior 47.7Composite PMI 50.0 vs 50.3 expectedPrior 51.2The French economy is seen stagnating to start Q4 as economic activity grinds to a halt with both services and manufacturing sectors seen weakening further compared to September. Inflation pressures remain elevated and high prices continue to hinder demand conditions for the most part. Adding to that, business confidence is also seen slumping to its lowest level in nearly two years. S&P Global notes that:“A 50.0 reading in the French Composite Output Index to start the final quarter of 2022 indicates a complete stagnation of the eurozone’s second-largest economy. As high inflation (https://www.forexlive.com/terms/i/inflation/) erodes client purchasing power, borrowing costs rise and uncertainty grows, the outlook for France’s economy looks daunting. “The manufacturing sector has been in a downturn since the second quarter, according to our PMI data, and remained firmly in contraction territory during October. Strikingly, factory orders fell to an extent which has only been surpassed during periods of extreme economic turbulence such as the global financial recession of 2008/2009 and later eurozone sovereign crisis. Testament to the strength of the demand slowdown was a surveyrecord surge in stocks of finished goods as companies struggle to find buyers in the current market. “The service sector meanwhile continued to grow, although the expansion weakened since September and was only marginal. Although we do continue to see a relative degree of resilience in this sector, the demands on services to solely drive overall economic growth across France are rapidly becoming too large.”

This article was written by Justin Low at forexlive.com.

Germany October flash manufacturing PMI 45.7 vs 47.0 expected
https://forexlive.com/news/germany-october-flash-manufacturing-pmi-457-vs-470-expected-20221024/

Prior 47.8Services PMI 44.9 vs 44.7 expectedPrior 45.0Composite PMI 44.1 vs 45.3 expectedPrior 45.7The German economy sinks deeper into contraction territory to start Q4 with both the services and composite readings being at 29-month lows. Meanwhile, the manufacturing reading is a 28-month low with factory output also hitting its lowest levels in 29 months. The report highlights that high energy prices continue to have a significant negative impact on business costs and demand. Business expectations also continue to be hampered strongly by strong inflation (https://www.forexlive.com/terms/i/inflation/) pressures. S&P Global notes that:"The flash PMI data show the downturn in German business activity gathering pace at the start of the fourth quarter, adding to the growing signs of an impending recession in the eurozone’s largest economy. “We’re seeing weakness across the board in the survey data, with both the manufacturing and service sectors reporting accelerating rates of contraction, led by rapidly declining inflows of new work. Businesses are reporting a growing reluctance amongst clients due to increased strain on budgets and an uncertain economic outlook, with high energy costs compounding the situation by fuelling inflationary pressures and directly impacting factory production in some cases. “Notwithstanding the downturn in activity and deeply negative business expectations, employment levels are yet to fall, pointing to resilience in the German labour market. Firms are showing a willingness to retain staff, and even continue to fill vacancies in some cases, despite facing sharply rising costs – including wage pressures – and the growing prospect of a recession.”

This article was written by Justin Low at forexlive.com.

GU\15x2 on a 10 pip move

The AUD basket has been very active

EU/105 on a 30 pip move, we flipped this trade after taking EU\30 on a 15 pip move in New York session

Internet issues this part of the island and we will not be able to do class or New York open this morning

UJ\30 on a 15 pip move

EA/30 on a 15 pip move

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