Only charts

Here is an early look for currencies prices before the asian monday session. Aud gapping down affected by chinese news from the weekend.

Trump threatens EUROPE; Emmanuel Macron suggests building its own army to protect Europe against the U.S., China and Russia. But it was Germany in World Wars One & Two - How did that work out for France? They were starting to learn German in Paris before the U.S. came along. Pay for NATO or not!

Big news from china this holiday will definitely be weighting on markets this monday. #China’s official manufacturing #PMI fell to 50.8 in Sep, vs expected 51.2, previous 51.3. The caixin manufacturing PMI, more closely tracking small private manufacturers, fell to 50, new low in 16 months, vs expected 50.5, previous 50.6 #BREAKING: #PBOC cut #RRR for banks by 1%, effective from 15 Oct. It will release about 1.2tn yuan liquidity, including 450bn yuan to be used to repay MLF coming due on 15 Oct. AUD/USD might gap down on this news.

The crisis in the middle east may be driven by natural gas after all not the financing of terrorist groups. Qatar has been blockaded by saudia arabia , emirates , bahrain and Egypt for financing terrorist groups in the middle east and sponsoring terrorism worldwide. However , qatar has refused a 13 point "demands" list provided by the coalition to restore relationship. There is a hidden force and interests which play major role in this crisis. Qatar and iran so far hold the largest percentage of the global reserve of natural gas . Largest natural gas field in qatar is jointly operated by Iran and both hold 31% of natural gas global reserve. Iran is an ally of russia , russia is an ally of china , so these 4 countries together hold about 51% of the global reserve. Qatar is the second biggest exporter after russia , natural gas is proving itself to be the source of energy for the future. Natural gas is clean and environment friendly and it is more efficient and might be taki...

Aussie has been sliding recently according to the concerns coming from china plus oil (WTI) slide from 54$ to 44$ . on the other hand , there was correction for USDCAD breaking a long term range and now struggling to make any further gains above 1.38 mark. Anyway , From technical analysis , The pair is making higher lows on the RSI on the 4h chart while the price is making lowers lows , which is a sign for possible correction on the horizon. Scaling to the 1h chart , you can see the pair is possibly trending. See chart below , make sure to go long /buy aud/usd when the price hits the trend-line and take profit at 0.7410 or when the RSI hits the 70 mark (overbought) level.