Edwin FX's blog

We also have JPY overnight call rate tonight expected to be at 0.50% from 0.50% 

We have NZD trade balance coming up in a few minutes after we have JPY industrail Production at 7:50pm.

There is also a AUD NAB Quarterly business confidence number coming out at 8:30pm.

Not a major news night and we have NZD having a bank holiday. Usd/Jpy openned up lower from Friday's closed and trying to retest the 90.00 level. The crosses are continuing to drive down the majors lower while we see the Eur/Usd trading at 1.2550, Gbp/Usd at 1.5780 and Usd/Chf at 1.1690.

Should be a quiet night seeing there is not any news tonight after the trade balance but we might see the Nikkei take a major hit after the New York Stock exchange took a major hit with a lost of 5.69%.

We see the Gbp/Usd is in a Monthly wedge coming close to the bottom. We might see some support around that area.

The only major number come out is Aud CPI q/q coming out at 8:30 pm. After this big move on the majors we might see some profit taking in the tokyo markets before the next real move.

We have AUD Monetary Policy Minutes coming out at 8:30pm and AUD RBA Governor Stevens Speaks at 10:10pm. 

We see the Aud/Usd hanging around 6.900 and might pull back some more for a larger retracement from that shape downward move from 98.50 area.

Nothing majored happen over the weekend so the market openned up around Friday's closed. There is an Aud PPI number we have to keep an eye on, forcasted to be at 0.9%.