- New Zealand consumer confidence rises to 102.5 in 3rd qtr from 99.9.
- New Zealand August PSI falls to 50.0 from 52.4 .
- UK September rightmove house prices fell 0.6% in Sept., rose 0.7 % from a year earlier.
- StanChart raises year-end forecast on Euro, GBP, CAD, AUD, and NZD.
- Citi cuts China 2013 GDP to 7.6% from 8%.
- StanChart lowers China 2012 GDP forecast to 7.7% , and 2013 GDP to 7.8%.
- Greek FinMin : ‘ We’ve Turned A Corner ‘- BI
- Austrian FinMin : Greece to get “few weeks more to hit targets .
- Finland FinMin says Europe must make right decisions, European crisis is challenging . Acting within its mandate .
- Obama will announce a trade complaint against China today.
A Japanese Holiday added to an already dull and featureless session with the dollar range bound near Fridays close . It’s expected to continue to be under pressure after the aggressive action by the FED last week . Global tensions could lead to some risk off , but until then the risk rally should continue.
EUR/USD found support down around the 1.3100/10 with resistance up above at 1.3150/70. Usual in fighting amongst ECB participants should keep things interesting later in the week.
USD/JPY usual familiar levels with support at 78.00/10 and resistance up at 78.50/60 . Tensions continue with China over the Senkaku Islands , but having little effect with USD/JPY trading in a 78.15-78.45 range .
AUD/USD stuck mid-range most of the session seeing a high of 1.0565 early and a brief stop down at 1.0515 . Likely support down at 1.0500 with offers up above now again at 1.0555/60 . Talks of option related selling at 1.0625 through to 1.0650 (barrier) with stops above .
Have A Good Day .
