Forex Daily Analysis - Tuesday, Oct 2nd

Kiwi data continues to give a helping hand

Once again macro data from New Zealand was able to surprise both analysts and investors through Asian trading. Yesterday it was the CA and today growth surprised with a reading of 3.2% YOY vs 2.6 exp

Overnight News Bullets

* NO Credit Indicator Growth YoY (Aug) out at 14.8% vs. 14.6% expected.
* E-Z PMI Manufacturing (Sep) out at 53.2 as expected.
* UK Money Supply MoM/YoY (Aug F) out at 1.2%/13.5% as prior.
* UK Consumer Credit (Aug) out at 0.9B vs. 1.0B expected. Prior at 1.1B.
* UK Mortgage Approvals (Aug) out at 109K vs. 110K expected.
* UK BoE Housing Equity Withdrawal (2Q) out at 10.0B vs. 12.6B expected.
* US ISM Manufacturing (Sep) out at 52.0 vs. 52.6 expected. Prior at 52.9. ISM Prices Paid out at 59 vs. 62 expected. Prior at 63.
* JN Monetary Base YoY (Sep) out at 0.1% vs. 0.7% expected.
* SZ CPI MoM/YoY (Sep) out at 0.1%/0.7% vs. 0.2%/0.8% expected.

Market

* FX: USD coming back slightly, JPY selling off in fairly quiet day. US housing to be key today.

O/N Data Heat map:

EU	US	JP	UK	SZ	AU	CA	NZ	NO	SE	FR
	-	-	-	-

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