2013-10-28 01:30 GMT

China indicates the release of unprecedented economic measures when it holds its next government meeting.

There are several USA high impact news events for Monday that could affect market sentiment. Pending home sales is expected to increase to 0.5% month on month from a surprise fall of -1.6% last month. Industrial production data is expected to increase to 0.5% month on month. Economists forecast no change in purchases, the worst reading in six months, after a 0.2 percent advance in August, according to a survey ahead of Commerce Department figures due Oct. 29th. Sales excluding motor vehicle dealers may have increased 0.4 percent in September, a sign other merchants had more success selling to customers. The RBA governor Stevens speaks later in the afternoon, investors in AUS and speculators in the Aussie will be looking for any clues regarding a base interest rate cut which appeared to be off the table in last week's notes from the RBA. Japan issues a raft of data on Monday; retail sales, unemployment and household spending which if poor the Nikkei could fall with a corresponding rise in yen as a safe haven. Retail sales are expected to rise, unemployment to fall to 4%, but household spending is also predicted to increase by 0.7%.

On Sunday evening China signaled what it's terming unprecedented policy revisions in a statement regarding a communist meeting to be held next month. China has pared its growth ambitions, targeting annual expansion of 7 percent this decade, compared with the 10.5 percent average pace of the last 10 years. Chinese Politburo member Yu Zhengsheng said; "The meeting will focus on studying comprehensive and deep reform. The depth and strength of the reforms will be unprecedented and will promote profound changes in every area of the economy and society.” The dollar had its first back-to-back weekly losses versus the euro in a month as weaker-than-forecast economic data added to bets the Federal Reserve will put off slowing stimulus to help the U.S. economy strengthen. The U.S. currency depreciated 0.8 percent to $1.3802 per euro last week in New York and touched $1.3832 on Friday, the weakest level since November 2011. The dollar declined 0.3 percent to 97.42 yen. Europe’s 17-nation shared currency gained 0.5 percent to 134.46 yen in a third weekly advance. It touched 135.51 yen on Oct. 22nd, the highest since November 2009.

2013-10-28 13:15 GMT

US Industrial Production (MoM) (Sep)

2013-10-28 14:00 GMT

US Pending Home Sales (YoY) (Sep)

2013-10-28 22:30 GMT

RBA's Governor Glenn Stevens Speech

2013-10-28 23:30 GMT

JP Unemployment Rate (Sep)

2013-10-28 06:37 GMT

EUR/GBP opens lower ahead of German data – trading range bound short-term

2013-10-28 06:20 GMT

EUR/USD hovers around 1.3800, ahead of a batch of US data, FOMC

2013-10-28 06:06 GMT

USD/CHF trading higher to start weak; technicians skeptical with 0.8750 downside target

2013-10-28 05:04 GMT

GBP/USD consolidates around 1.6180 area, awaiting the severe storm in UK