Market Movers

Major market mover so far: 

AUDUSD gets a beating and may get a kick lower when Europe comes in and founds AUD bearish news.

• UK BRC Shop Price Index rose 1.0% in September Y/Y (previous reading 1.1%). GBPUSD trading at 1.6127 and its going nowhere.
• Australia AIG Performance of Service Index falls to 41.9 in September (previous reading 42.4).
• AUDUSD broken 1.0250 barrier and currently on its way to 1.02.

• Australia August HIA New Home Sales falls 5.3 % vs. month ago (previous reading -5.6%).
• Tokyo Nikkei share average opens down .09% at 8,778.26
• China September Non-Manufacturing PMI falls to 53.7 in September (previous reading 56.3)
• Australia August trade balance falls. Exports fell 3.0% m/m while imports fell 1.0 % m/m.
• S&P 500 +0.1% to 1446
• EUR leads, AUD lags
   

Updates on 8:30 GMT:

• Spain Services PMI for September month at 40.2 from 44.0 in August. Thats below the forecast of 42.5 and its lowest since Nov of last year.
• Spain new business index for September month also down to 40.2 from 43.3 in August and its lowest since October last year. (does it makes a good case for Spain's bailout.)
• Italy services PMI for September month edges up at 44.5 from 44.0 in August.
• Italy Services employment index for September month falls sharply to 43.8 from previous month's 46.0 in August.
• French Services PMI for September month falls to 45.0 .
• German Services PMI for September month comes at 49.7 from August reading of 48.3.
• German Final composite PMI index for September month comes at 49.2, up from  August’s final reading of 47.0
• Euro zone composite PMI for September month down at 46.1 from August read of 46.3.

Updates on 12:40 GMT:

• USD getting high across the board.
• AUD at 1.02 level. A break below could trigger sell stops.
• ADP reports good number. Details [here].
• Risk events coming. Details [here].