Key Stuff:
- Australia Trade Balance is the worst since 2008. The AUDUSD falls below the 100 day MA at the 1.0238 and 38.2% of the move up from June 1 low at the 1.0224. Resistance levels today
- EURUSD has up and down day. EU Retail Sales better. Services PMI a touch better. EURUSD looks tests 100 hour MA at 1.2895. Close resistance at the 200 hour MA at 1.2909. Decision time.
- UK Service PMI comes in weaker at 52.2 vs expectations of 53. Trend line support at 1.6093 broken but only briefly.. Yesterday low at 1.6123 will be eyed as topside resistance by intraday traders.
- ADP, ISM Manufacturing, and the 1st Presidential Debate later tonight. Germany off today. Stocks are little changed