- U.K. BRC shop price index y/y (prior 1.1%) @ 23:01 GMT.
- Australian Industry Group services index (prior 42.4) @ 23:30 GMT.
- Australia HIA new home sales m/m (prior -5.6%) @ 01:00 GMT.
- China non-manufacturing PMI (prior 56.3 ) @ 01:00 GMT.
- Australia trade balance (survey -0.70 bln., prior -0.56 bln.) @ 01:30 GMT.
The surprise cut by the RBA (surprise for me at least) should lead to continued downward pressure on the AUD/USD with the first support level coming in at 1.0240/50. Their trade numbers coming out later in the session might give it some support, but still would not expect to much of a bounce if they come in better than expected. More noise out of Spain and Greece than anyone really wants to hear about, especially the ‘Troika’. Another surprise, Chavez says there’s “no doubt” that he’ll win election on October 7. Here’s the other biggie, says opposition “may claim fraud” after they lose. Looking for a quiet session with the”golden week” celebration still going on.
Good luck today.
