- Swiss Q3 GDP +0.6% q/q, +1.4% y/y, stronger than Reuters’ median forecasts +0.2%, +0.9% respectively
- Swedish Q3 GDP +0.5% q/q, +0.7% y/y, demonstrably stronger than Reuter’s median forecasts +0.1%, +0.4% respectively
- Euro zone November economic sentiment rises to 85.7 from 84.3 in October, better than Reuters’ median forecast of 84.2
- German November sa jobless total rises 5K to 2939 mln, better than median forecast of 15k. Jobless rate unchanged at 6.9%, as expected
- UK CBI retail sales +33 in November, demonstrably stronger than Reuters’ median forecast of+18 highest read since June
- Nationwide November house prices unchanged m/m -1.2% y/y, slightly weaker than Reuters’ median forecasts +0.1%, -0.9% respectively
- BOJ’s Shirai: BOJ will continue easing until 1% inflation is in sight
- How neuroscience can explain your trading risk profile
- Australian bond purchases near peak – WSJ
European stocks doing well, eurostoxx up just over 1%. Best performing market Italy’s FTSE MIB, up an impressive 1.7%. Gold and oil have posted marginal gains, whilst eurozone periphery govt bond yields have continued their sojourn lower. All’s right with the world, at least so far today.
EUR/USD up at 1.2990 from early 1.2950, hasving been as high as 1.2994, the move accelerating when buy stops tripped through 1.2970. EUR/JPY up at 106.65 from early 106.40.
Talk of ‘decent’ sell interest lined up at 1.3000, buy stops through 1.3005.
USD/JPY very quiet, off 7 pips from early 82.15. Pairing taking a little rest after all the recent excitement.
AUD/USD about 10 pips easier at 1.0460 from early 1.0470. Aussie importer sell orders remain clustered up at 1.0480/90, barrier option interest at 1.0500.
