Germany missed a technical recession as Q3....>

FOREX: Germany missed a technical recession as Q3 GDP came in at +0.1%QQ vs

forecast -0.1%. EUR/USD had dropped to a slight extended low of $1.0994(61.8%

$1.0879-1.1179) pre data then edged back above $1.1000 as pressure was relieved.

- Sterling again proved election projections are providing main support/buoyancy

as release of disappointing UK Retail Sales failed to produce any major set

back, cable having edged to an extended high of $1.2867 pre release with

pullback finding support around $1.2850. EUR/GBP extended its recent slippage to

Gbp0.8550, holding back around Gbp0.8555 ahead of NY.

- Mild risk aversion continues: JPY, CHF and Gold all trading firmer.

- Earlier, AUD dropped after a double-whammy of bleak Aussie jobs report and

underwhelming Chinese activity indicators.

- Chinese data also inspired risk-off reaction against the existing backdrop of

uncertainty re: U.S.-China trade talks; White House's Navarro downplayed an

earlier WSJ report re: a deadlock over farm purchases.

- Into the NY session, US PPI, Weekly Claims at 1330GMT. Central bank speakers'

docket is densely packed: we will hear from 7 Fed members, incl Powell.