EUR/USD breaks below 1.2700 support ahead of Flash Manufacturing PMI that may show a drop in growth in Germany and France.
Energy importing countries stand to gain as Oil prices remain bearish.
Gold demand surges as Diwali festival sparks gold buying. U.S Fed indecision makes gold a value proposition for risk adverse investors.
USD/JPY trades to a low of 106.35 as the fundamentals made little impact on the Yen's movement.
China's GDP grew 7.3% and Australian CPI increased quarter on quarter as AUD/USD consolidates with higher lows near 0.8800 resistance.
Cable fails to hold at 1.618 as 1.6000 psychological price level looms ahead of Bank of England's Bank Rate and Asset Purchase Facility votes.
EUR/USD trades close to 1.2700 as retracement nears, ECB follows up by purchasing Italian bonds after French notes and Spanish securities
Light Crude Oil fails to trade higher than $84.14 as demand still weak amidst overproduction.
USD/JPY fails to trade above 107 as bearish indications may see retest of 106
Australian Dollar at critical resistance as 0.8800 is retested as higher lows and lower highs converge.
Cable rises towards 1.6200 as dollar weakens, U.K Bank Rate and GDP data this week to cause Pound volatility.
German PPI remained unchanged month to month as current account surplus fell from previous month's high.