Not a great deal to report so far today.
AUDUSD – 0.6458/0.6535 – Better than expected Retail Sales Data (+3.8% Vs +1.4% expected) tried to give the AUD a bit of a push above 0.6500 before Asia sold the AUD off (surprise surprise!) with us resting just above the lows for the day. I still think we will revisit 0.6300 or at least do some more work in the 0.6300/0.6500 range before heading higher.
USDJPY – 89.33/89.63- Zzzzzzzzzz…Nuff said!
EURUSD – 1.2956/1.3048 – Mostly EURJPY related as usual in Asia. We will need to take out 1.3100 in the EURUSD tonight or risk revisiting 1.2800.
There is plenty of data of reasonable market significance out tonight which can be viewed on our Economic Calendar here.
Personally, i feel you should pay particular attention to:
– UK Services PMI (09:30 GMT)
– US ADP Non Farm Manufacturing PMI (13:15 GMT)
– US ISM Non Manufacturing PMI (15:00 GMT)
