[B]
Fundamental Headlines[/B]
• USDJPY - Earnings trends in Japan unexpectedly cooled 0.5 percent in the year through September, following the first positive updraft for wage growth in nine months reported through August.
• USDJPY - The Bank of Japan once again left overnight lending rates unchanged at 0.50 percent in a vote tallying 8-1. The consistent policy stance suggests officials may lower growth and inflation forecasts in its upcoming report.
• USDJPY - Japanese housing starts plunged 44 percent in the year through September to 720,000 units on an annual basis. This was the worst reading in over 40 years, yet a promise to loosen new permits regulations could may help.
• EURUSD - German retail sales unexpectedly surges 2.3 percent in September, the strongest increase in receipts this year. Alternatively, the annual report sees it’s sixth consecutive decline.
• GBPUSD - The GfK consumer sentiment survey sunk to -8 as expected, though the real concern was the 12-year low in the component gauge measuring plans to make major purchases.
• USDCHF - The KOF leading indicators report marked its first decline this year with a 2.02 print in October, while the September figure receives a marked downward revision from 2.14 to 2.04.
• OPEC says pumping more won’t bring oil price down (link) - International Herald Tribune
• Crude Oil Falls a Second Day After Goldman Recommends Selling (link) - Bloomberg
• Crisis rocks Deutsche Bank but no nasty surprises (link) - Reuters
• U.K. Housing Market Teeters on Edge of Northern Rock (link) - Bloomberg
• Dollar at record lows as FOMC meeting looms (link) - Forbes
Written By: John Kicklighter, Currency Analyst for DailyFX.com