FX Daily

* The main release is the US employment report for September. The report was compiled just before the shutdown, hence the data should be undistorted. We expect to see a decent report with 180,000 jobs added to the economy during September, as higher chain store sales and a rise in expected service demand indicate an increase in service sector employment. Initial jobless claims have also indicated that job growth is keeping up despite the subdued growth picture.

* The new German parliament holds its first meeting after the election last month. A grand German coalition seems more likely after SPD won a vote from its party to start coalition talks with Merkel. The negotiations are set to begin Wednesday.

* Retail sales out of Denmark is the only key Scandi economic release today.