ForexLive Asia Wrap Up : Oh Canada , Que Quebec ?

The Democratic National Convention is on the way .  Gillard says mining outlook is strong , must be her glasses . New Zealand value of all buildings rose 0.8% , post earthquake construction being cited. UK August BRC shop price index rose 1.1% y/y -MNI  Australia August AiG performance of services index falls 4.1 points to 42.4. Separatist PQ win election ends nine years of Liberal rule . Congratulations tp PQ's Pauline "Lady of Concrete " Marois.  Australia 2nd qtr GDP expands 0.6% q/q and 3.7% y/y somewhat weaker but still  in line with expectations . Australia Treasurer Swan saying growth is faster than every major advanced economy , high A$ weighed on investment decisions, sustained fall in commodity prices would hit budget , but committed to to surplus in 2013. Chinese HSBC services PMI drops to one year low of 52.0 . BOJ Board's Miyao highlights most of the same comments about Japan's economy expected to resume moderate growth , Yen rise hurts business sentiment , along with global slowdown fears. A few moments of activity interrupted an otherwise lackluster session .  EUR/USD fell through support at 1.2550 as large stops were rumored to be touched sending EUR/USD to a low of 1.2520/25 . Next support level  1.2500/10. Sellers back above 1.2590/1.2600 level. The major battle of the evening was AUD/USD  trying to maintain its 1.0200 handle despite weak numbers . We saw the low of 1.0190/95 after the GDP release but quickly bounced back over 1.0200 and  is now consolidating  around the 1.0210 level . The  narrow range for the session  of 1.0230/1.0190 is not  likely to continue as market now looking for levels to sell .  Next line of support down at 1.0170/75, with resistance up at 1.0250/60. USD/JPY WHYYYY bother 78.41/78.53 says it all , a lot less than BOJ's Miyao . USD/CAD a non-election event  at 0.9857/0.9874 range. Have A  Good Day.