UPDATE: Long GBPJPY @ 233.67

All out of this one, @ 234.10 and 233.75 respectively.

Wall Street back at their desks today. Can only hope they've spend some time reading the more prudent macro research out there. If so, USD selling ought to commense and SPX will be capped at 1485. No matter what happens, I'll stick to my trading template and utilize discipline. I suggest you do the same.

Today's data:

0830 UK August PMI, construction (61.8)
0900 Eurozone July PPI (0.1% m/m)
0900 Eurozone July PPI (2.3% y/y)
0900 Eurozone July retail sales (0.4% m/m)
0900 Eurozone July retail sales (0.9% y/y)
0900 Eurozone Q2 GDP (0.3% q/q)
0900 Eurozone Q2 GDP (2.5% y/y)
0900 Eurozone European Commission GDP forecast
1400 US August ISM manufacturing (53.8)
1400 US August ISM, prices paid (65)
1400 US July construction spending (-0.3% m/m)
2301 UK August Nationwide consumer confidence (96)
2330 Australia September RBA cash target (6.5%)

(GCI Financial)

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