ForexLive Asia Wrap Up : Consolidation Holiday

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New Zealand consumer confidence rises to 102.5 in 3rd qtr from 99.9. New Zealand August PSI falls to 50.0 from 52.4 . UK September rightmove house prices fell 0.6% in Sept.,  rose 0.7 % from a year earlier. StanChart raises year-end forecast on Euro, GBP, CAD, AUD, and NZD. Citi cuts China 2013 GDP to 7.6% from 8%. StanChart lowers China 2012 GDP forecast  to 7.7% ,  and 2013 GDP to 7.8%. Greek FinMin : ' We've Turned A Corner '- BI  Austrian FinMin : Greece to get "few weeks more to hit targets . Finland FinMin says Europe must make right decisions, European crisis is challenging . Acting within its mandate . Obama will announce a trade complaint against China today. A Japanese Holiday  added to an already dull and featureless session with the dollar range bound near Fridays close .  It's expected to continue to be under pressure after the aggressive action by the FED last week .  Global tensions could lead to some risk off , but until then the risk rally should continue. EUR/USD found support down around the 1.3100/10 with resistance up above at 1.3150/70. Usual in fighting amongst ECB participants should keep things interesting later in the week. USD/JPY usual familiar levels with support at 78.00/10 and resistance up at 78.50/60 .  Tensions continue with China over the  Senkaku Islands , but having little effect with USD/JPY trading in a 78.15-78.45  range . AUD/USD stuck mid-range most of the session seeing a high of 1.0565 early and a brief stop down at 1.0515 .  Likely support down at 1.0500 with offers up above now again at 1.0555/60 . Talks of option related selling at 1.0625 through to 1.0650 (barrier) with stops above . Have A Good Day .
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