EURUSD: 1.1580 (EUR 810m) 1.1600 (460m) 1.1650 (510m) 1.1670 (305m) 1.1815(350m) 1.1900 (385m)

USDJPY: 112.00 (USD 780m) 113.00 (350m) 113.25 (265m) 113.80 (530m) 115.00(450m)

GBPUSD: Ntg of note

USDCHF: 1.0100 (USD 370m)

AUDUSD: Ntg of note

AUDNZD: 1.0970-75 (AUD 585m) 1.0983 (365m)

The inflation rate in Germany as measured by the consumer price index is expected to be 1.6% in October 2017. Based on the results available so far, the Federal Statistical Office (Destatis) also reports that the consumer prices are expected to remain unchanged from September 2017.

In October 2017, the harmonised index of consumer prices for Germany, which is calculated for European purposes, is expected to increase by 1.5% year on year. Compared with September 2017, it is expected to be down by 0.1%.

• Cannot separately quantify total impact of storms on september data; made adjustments to estimates where source data were not available

Personal income increased $66.9 billion (0.4 percent) in September according to estimates released today by the Bureau of Economic Analysis. Disposable personal income (DPI) increased $53.0 billion (0.4 percent) and personal consumption expenditures (PCE) increased $136.0 billion (1.0 percent).

Real DPI decreased less than 0.1 percent in September and Real PCE increased 0.6 percent. The PCE price index increased 0.4 percent. Excluding food and energy, the PCE price index increased 0.1 percent. The increase in personal income in September primarily reflected increases in wages and salaries and nonfarm proprietors' income.

The $76.0 billion increase in real PCE in September reflected an increase of $59.1 billion in spending for goods and a $21.6 billion increase in spending for services. Within goods, new motor vehicles was the leading contributor to the increase. Within services, the largest contributor to the increase was spending for household utilities.

• May will discuss preparations for Brexit with her top cabinet ministers on tuesday

Last week we witnessed a strong devaluation of the euro against the dollar due in large part thanks to the speech of Mario Draghi.

This devaluation led to the confirmation of the chart pattern "Head and shoulders" (as we can see in the chart).

Our suggestion is for short entries in the immediate or wait for the correction to finish entering.

Stop loss above the neckline and targets near to $ 1,145.

• Believes and hopes Catalonia will remain the same after election

Broad money increased by £3.0 billion in September. Within this, the flow of household M4 was the largest contributor at £3.8 billion. The flow of M4 for private non-financial corporations (PNFCs) was -£1.5 billion, a particularly weak outturn. The net flow of sterling credit remained robust at £9.6 billion in September. Within this, lending to households has been growing steadily at around 4% per year.

EUR/USD: 1.1580(801 m), 1.1600(459 m), 1.1650(508 m), 1.1670(302 m), 1.1815(350 m), 1.1900(382 m)

USD/JPY: 112.00(778 m), 113.00(350 m), 113.25(263 m), 113.80(530 m), 115.00(450 m)

USD/CHF: 1.0100(370 m)

AUD/NZD: 1.0965-75(584 m), 1.0983(364 m)

The Gross Domestic Product (GDP) generated by the Spanish economy registers a variation of 0.8% in the third quarter of 2017 compared to the previous quarter2 , according to Estimated quarterly GDP growth. This rate is one tenth lower than that registered in the previous quarter. The annual variation of GDP in the third quarter of 2017 is 3.1%, similar to the rate registered in the second quarter of the year.

According to the flash estimate issued by the INE, the annual inflation of the CPI in October 2017 is 1.6%. This indicator provides a preview of the CPI that, if confirmed, would imply a decrease of two tenths in the annual rate, since in September this change was 1.8%. This behaviour highlights the increase in prices of fuels (diesel and gasoline/petrol) lower than that of October 2016.

In turn, the annual variation of the flash estimate of the HICP in October stands at 1.7%. If confirmed, the annual change of the HICP would decrease a tenth as compared to the previous month.

According to the flash estimate of the CPI, consumer prices register a 0.9% variation in October, as compared with September.

In turn, the monthly change of the HICP flash estimate in October stands at 0.6%.

Retail sales in Japan increased as expected in September, after falling in the previous month, preliminary figures from the ministry of Economy, Trade and Industry cited by rttnews.

Retail sales rose a seasonally adjusted 0.8 percent month-over-month in September, reversing a 1.6 percent fall in August. The figure also matched consensus estimate.

On a yearly basis, retail sales growth accelerated to 2.2 percent in September from 1.8 percent in August.

Economists had expected the growth to improve to 2.3 percent. Sales have been rising since November last year.

According to provisional data turnover in retail trade in September 2017 was in real terms 4.1% and in nominal terms 6.1% larger than that in September 2016. The number of days open for sale was 26 in September 2017 and in September 2016.

Compared with the previous year, turnover in retail trade was in the first nine months of 2017 in real terms 3.0% and in nominal terms 4.8% larger than in in the corresponding period of the previous year.

EUR/USD

Resistance levels (open interest**, contracts)

$1.1761 (2068)

$1.1721 (2037)

$1.1664 (778)

Price at time of writing this review: $1.1614

Support levels (open interest**, contracts):

$1.1565 (6169)

$1.1531 (4182)

$1.1490 (3368)

Comments:

- Overall open interest on the CALL options and PUT options with the expiration date November, 3 is 115972 contracts (according to data from October, 27) with the maximum number of contracts with strike price $1,2000 (9810);

GBP/USD

Resistance levels (open interest**, contracts)

$1.3214 (1231)

$1.3192 (2428)

$1.3163 (924)

Price at time of writing this review: $1.3144

Support levels (open interest**, contracts):

$1.3099 (1543)

$1.3077 (2621)

$1.3049 (1953)

Comments:

- Overall open interest on the CALL options with the expiration date November, 3 is 43351 contracts, with the maximum number of contracts with strike price $1,3200 (4095);

- Overall open interest on the PUT options with the expiration date November, 3 is 36960 contracts, with the maximum number of contracts with strike price $1,3000 (3201);

- The ratio of PUT/CALL was 0.85 versus 0.87 from the previous trading day according to data from October, 27

* - The Chicago Mercantile Exchange bulletin (CME) is used for the calculation.

** - Open interest takes into account the total number of option contracts that are open at the moment.

(pare/closed(GMT +3)/change, %)

EUR/USD $1,1607 -0,40%

GBP/USD $1,3128 -0,17%

USD/CHF Chf0,99707 -0,01%

USD/JPY Y113,69 -0,28%

EUR/JPY Y131,96 -0,68%

GBP/JPY Y149,251 -0,45%

AUD/USD $0,7676 + 0,21%

NZD/USD $0,6872 +0,52%

USD/CAD C$1,28153 -0,25%

02:50 Japan Retail sales, y/y September 1.7% 2.5%

10:00 United Kingdom Nationwide house price index, y/y October 2.0%

10:00 United Kingdom Nationwide house price index October 0.2%

10:00 Germany Retail sales, real unadjusted, y/y September 2.8% 3.5%

10:00 Germany Retail sales, real adjusted September -0.4% 0.5%

11:00 Switzerland KOF Leading Indicator October 105.8 105.5

12:30 United Kingdom Mortgage Approvals September 66.58 66.00

12:30 United Kingdom Net Lending to Individuals, bln September 5.6

12:30 United Kingdom Consumer credit, mln September 1.583 1.5

13:00 Eurozone Economic sentiment index October 113 113.4

13:00 Eurozone Consumer Confidence (Finally) October -1.2 -1

13:00 Eurozone Business climate indicator October 1.34 1.41

13:00 Eurozone Industrial confidence October 6.6 7

15:30 U.S. Personal Income, m/m September 0.2% 0.4%

15:30 U.S. Personal spending September 0.1% 0.7%

15:30 U.S. PCE price index ex food, energy, m/m September 0.1% 0.1%

15:30 U.S. PCE price index ex food, energy, Y/Y September 1.3%

16:00 Germany CPI, y/y (Preliminary) October 1.8% 1.7%

16:00 Germany CPI, m/m (Preliminary) October 0.1% 0.1%