Monday 2 October. 08:00 UK time.

As the first European session of the 4th quarter gets underway. Dissapointing PMI data from china over the weekend. Japan announced unscheduled bond buying in an attempt to keep the yield on a 10year Japanese bond as low as possible. This may cause nervousness around the possibility of Japanese intervention. I currently don't have clarity in my mind regarding the direction of the currencies, so my decision is to wait for today's ISM data plus Mr Powells speech in the US session before forming a conviction.