The Conference Board’s consumer confidence index is anticipated to weaken significantly as fears of a global recession intensify. Economists expect the index to fall to 52.0 from 59.8 in September, indicating that consumers are becoming increasingly downbeat towards the economy as employment opportunities dissipate.
Trading the News: US Consumer Confidence
What’s Expected
Time of release: [...]

Market conditions have deteriorated yet again and volatility has put nearly every liquid pair into a breakout scenario. Any sort of range trade taken in this sort of environment is exceedingly dangerous if the outlook is beyond an intraday time frame.

Why Would AUDNZD Stay in a Range?
Levels to Watch:
-Range Top: [...]

The 1.05 area is significant support for the AUDNZD and has been since the late 1980s. In the summer of this year, the AUDNZD surged through a long term resistance line, but the break proved false. Now testing 1.05, the pair is nearing a breaking point. A long term direction will eventually [...]

Stocks staged a broad-based sell-off on Thursday as the Dow, S &P 500 and the Nasdaq Composite retreated from their respective 200-day moving averages.
Dow was off 206.48. The S&P 500 was off by 25.69. And the Nasdaq lost 44.82 on the day.