Fundamental Headlines
• USDJPY - Service sector activity in Japan grew a faster than expected 1.3 percent over the month of August. The biggest jump in demand in four months reflected a recovery from a July rife with storms and earthquakes. • AUDUSD - The Westpac Leading composite indicator - used to forecast growth over the coming three to six months - stepped up its pace of expansion with a 0.6 percent advance suggesting the RBA’s updated GDP outlook is grounded. • USDJPY - Final reading on machine tool orders growth through the month of September were revised up to 16.3 percent with help from 20.1 percent jump in domestic orders for the month. • GBPUSD - Net jobless claims drop 12,800 filings over September, more than three times the consensus, while average earnings extend their rebound with a 3.7 percent pace of growth in the year through August.
• Indian Rupee May Fall as Regulator Seeks Curbs on Capital Flows (link) - Bloomberg • ICBC to Speed Expansion Abroad With Outlets, Mergers (link) - Bloomberg • UK retail sales fell 0.3 pct in Sept - MasterCard (link) - Reuters.uk • Liebscher Says ECB Has Clear Message: Inflation Risks on Upside (link) - Bloomberg • BoE MPC voted 8-1 to keep base rate at 5.75 pct, Blanchflower voted for cut (link) - Forbes