Some decent size 'gaps' this morning forex open.

Here are the weekend headlines, see if you can make any sense out of these moves...

China PMI, Draghi, Greece?

  • BOE to hold war game to help prevent cyber attack
  • Germany counting the cost of the refugee crisis
  • ESM says Greek capital shortfall is within bailout buffer
  • NZ finmin English weekend comments - interest rates may fall further
  • Bloomberg survey of oil companies shows output still growing
  • China PMIs (October): Manufacturing 49.8 (50.0 expected) Services 53.1 (53.4 prior)
  • North American clocks turn back tonightDraghi says the ECB will do what is needed to keep inflation target on track
  • ECB reports that Greek banks have a potential capital shortfall of €14.4bln
  • Russian airliner crashes in Sinai. 224 feared dead