Stand By For FOMC Tonight

Wakeup Call: Stand By For FOMC Tonight USD positioned for strength. But beware of ISM Non-Manufacturing and the FOMC statement tonight. SZ SVME- PMI (Jul) out at 54.1 vs. 53.6 expected. Prior at 54.9. NO PMI (Jul) out at 51.7 vs. 49.1 expected. Prior at 49.3 UK PMI Construction (Jul) out at 36.7 vs. 37.5 expected. Prior at 38.8 US Challenger Job Cuts out at 140.8% vs. 46.7% prior. US Personal Income (Jun) out at 0.1% vs. -0.2% expected. Prior at 1.8% US Personal Spending (Jun) out at 0.6% vs. 0.4% expected. Prior at 0.8% US PCE Deflator YoY (Jun) out at 4.1% vs. 3.7% expected. Prior at 3.5% US Factory Orders (Jun) out at 1.7% vs. 0.7% expected. Prior at 0.6%. AU AiG Performance of Services (Jul) out at 42.8 vs. 45.4 prior. NZ ANZ Commodity Price Index (Jul) out at 1.8% vs. 0.0% prior. AU RBA Cash Target Rate out at 7.25%... [read full story]