The dollar remained at familiar levels in Europe, keeping on tight ranges against major counterparts.
The sole release, EU’s inflation for September came at expected numbers.
BOE’s Broadbent said that having a flexible currency is very important, as pound’s fall was a shock absorber for Brexit impact.
BOJ’s governor Kuroda that the central bank will keep adjusting policy as needed to achieve 2% inflation target.

From the US, NY Empire state manufacturing index unexpectedly fell to -6.8 in October vs -1.99 in September and forecast at 1.00, pushing the greenback lower across the board.
US Industrial Production is up by 0.2% in September vs -0.4% in August.
Series of CB speakers are to conclude the session’s events.

Foreign Exchange

EURUSD probes above 1.1000, which was capping during Europe and up 0.37 from late Asia low at 1.0962.

GBPUSD bounced from marginally lower low in Europe at 1.2134 (ticks ahead of 1.2131 trigger, low of 13 Oct) vs 1.2146 in Asia. Session trading so far capped by 1.2200 barrier.

USDJPY probes below 104.00 handle, which offered good support in Europe. Pivotal support at 103.77 is in focus, loss of which would trigger fresh weakness. European trading was capped at 104.35.
AUDUSD is up 0.57% for the session, on recovery rally from 0.7579 that extended above 0.7600 barrier. Rally met 0.7620 target so far, extension to 0.7630/45 not ruled out on further US dollar’s weakness.
Commodities
US CRUDE OIL in narrow range on Monday, shaped in tight Doji so far. Near-term directionless mode to extend while price holds within $49.36/51.12 congestion

GOLD is higher on Monday, on bounce from $1250 support. Initial n/t range between $1250 and $1262 is still holding, with no clear direction while the price moves within congestion. Overall structure is bearish, following recent fall and hopes on US rate hike.

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Stocks
European stocks are at the back foot, following weaker tone in Asia.
Britain’s FTSE100 Index is down 0.96% in Europe and eyes strong support at 0.6890.
German DAX is flat at 10525, following 10489/10574 range in Europe that formed long-legged Doji.
French CAC-40 index is also flat at 4455, after ranging between 4438 and 4474 that formed long-legged Doji.
Wall Street is pointing to a lower open Monday, holding negative sentiment from previous session, as markets continue to look for clues about the timing of Federal Reserve’s next rate hike and prepared for a week full of corporate earnings., Market Analysis