ECB: MNI ECB Review: Market Maintains Mildest Of Easing Biases

• appr 12,000 FVX5 110 calls, 7.0-7.5 ref 109-07, total volume over 23,100

• RES 4: 151.62 61.8% retracement of the Jan 10 - Apr 22 bear leg
• RES 3: 151.21 High Mar 28 
• RES 2: 150.92 High Aug 1 and a key resistance
• RES 1: 149.96 High Sep 26 and the bull trigger   
• PRICE: 147.96 @ 16:33 BST Sep 30
• SUP 1: 147.59 50-day EMA
• SUP 2: 146.77 Low Sep 18  
• SUP 3: 145.49 Low Sep 17 and a pivot support
• SUP 4: 144.23 Low Jul 7 

USDJPY has pulled back from last week’s high print. The move down - for now - appears corrective. Moving average studies are in a bull-mode position, highlighting a dominant uptrend. Support to watch lies at 147.59, the 50-day EMA. Pivot support has been defined at 145.49, the Sep 17 low. A resumption of gains would signal scope for a climb towards key resistance at 150.92, the Aug 1 high.        

In the event of a government shutdown tonight - most of Wednesday's scheduled data should be released as most are generated by non-govt firms. Construction Spending the lone exception tomorrow as the U.S. Census Bureau is the source. Updates to follow if/when an announcement of a closing is made.

• US Data/Speaker Calendar (prior, estimate)
• 10/01 0700 MBA Mortgage Applications (0.6%, --)
• 10/01 0815 ADP Employment Change (54k, 51k)
• 10/01 0945 S&P Global US Manufacturing PMI (52.0, 52.0)
• 10/01 1000 ISM Manufacturing (48.7, 49.0)
• 10/01 1000 ISM Prices Paid (63.7, 62.9)
• 10/01 1000 ISM New Orders (51.4, --)
• 10/01 1000 ISM Employment (43.8, --)
• ** 10/01 1000 Construction Spending MoM (-0.1%, -0.1%) **
• 10/01 1130 US Tsy 17W bill auction
• 10/01 1215 Richmond Fed Barkin moderated discussion on economy (text)
• 10/01 ---- Wards Total Vehicle Sales
• Source: Bloomberg Finance L.P. / MNI