Forex Daily Analysis - Tuesday, Oct 9th

EUR Offered Ahead of G7

Thin trading volume yesterday as Canada, Japan and the CBOT in the US were closed sent USD and carries higher. Nasdaq closing in 2007 highs.

Overnight News Bullets

* SZ Unemployment Rate (Sep) out at 2.5% as expected.
* AU Foreign Reserves (Sep) out at A$52.7B vs. A$70.4B prior.
* UK PPI Input MoM/YoY (Sep) out at 3.2%/6.4% vs. 1.5%&4.4% expected. PPI Output MoM/YoY out at 0.1%/2.7% vs. 0.2%/2.9% expected.
* UK PPI Output Core MoM/YoY (Sep) out at 0.2%/2.2% vs. 0.2%/2.4% expected.
* UK Industrial Production MoM/YoY (Aug) out at 0.1%/0.9% vs. 0.3%/0.9% expected.
* UK Manufacturing Production MoM/YoY (Aug) out at 0.4%/0.6% vs. 0.4%/0.5% expected.
* GE Factory Orders MoM/YoY (Aug) out at 1.2%/4.0% vs. 2.2%/4.5% expected.
* NZ NZIER GDP Estimate (Sep) out at -27 vs, -37 prior.
* UK NIESR FDP Estimate (Sep) out at 0.7% as prior.
* JN Eco Watchers Survey (Sep): Current at 42.9 vs. 45.3 expected. Outlook at 46.0 vs. 46.5 prior.

Market

* FX: The USD regained some of Friday's losing ground on a quiet day. Carries also went higher.

O/N Data Heat map:

EU	US	JP	UK	SZ	AU	CA	NZ	NO	SE	FR
-	0	-	-	0	-	0	-	0	0	0

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