What’s In Store For Today : TGIF, Big Ben Comes Through

  • New Zealand August Food Prices m/m (prior 0.2%) @ 22:45 GMT
  • New Zealand September Consumer Confidence Index (prior 114.1) m/m (prior 3.3%) @ 01:00 GMT .
  • New Zealand August Non Resident Bond Holding (prior 62.8%) @ 03:00 GMT .
  • Japan July F Industrial Production m/m (prior -1.2%) y/y (prior -1.0%) @ 04:30 GMT .
  • Japan Capacity Utilization m/m (prior -2.3%) @ 04:30 GMT .

A big day after the FOMC with Big Ben being aggressive with the next round of stimulus . The dollar continues to weaken with the EUR/USD just breaking the 1.3000 barrier . Would expect some consolidation up here as the market re-thinks the next move . Ron Paul speaking on Bloomberg saying the Fed action is not going to work and is not spurring economic growth . Guess we wait and see later .

Nothing of importance coming out of Asia , unless you’re interested in Kiwi food prices , so sit back and pick a top for the Euro .

Good Luck Today.

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