IMF lowers global growth forecast!

IMF lowers global economy growth forecast to 3.3 percent in 2012 (Down 0.1 percent on previous forecast) and 3.6 percent is 2012 (down 0.3 percent)

Chinese economic growth lowered to 8.2 percent in 2013 vs 8.4 percent previously forecast.

India also lowered by 0.6 percent while Brazil lowered by 0.7 percent.

Greece can only manage until end November without aid

Samaras on reuters said they can only manage until end of November without release of next aid tranche to Greece.

That's a bit worryng.

BOJ announces no new monetary easing

Bank of Japan rate decision was unanimous. I think this is a bit of a surprise to the market. This is more towards bearish usdjpy.

Market positioning wise, we have seen a lot JPY crosses being bought yesterday. The opposite flow could be seen in the next few trading session.

Gd luck!

BOJ monetary policy announcement

In about 3 hours time, we have BOJ's monetary policy announcement.

Market has been expecting some further easing from BOJ. Thats why we have been seeing USDJPY being well bid into the announcement.

earlier from the news, Japan's econ minister Maehara says powerful monetary easing is needed to surmount deflation.

ECB and BOE rates announcement

Market isn't expecting anything from both ECB and BOE later today. It will most likely be a non event.

In the US session, the FOMC minutes will be moving the market. All depends on what is said in the minutes. Probably economy is still slowing and they will continue to support the economy.