Forex news for the European morning trading on 14 Aug 2017
News:
- China to ban a selection of imports from North Korea
- China says the issues of North Korea and US trade deal are not connected
- USD demand notable as another week gets underway
- Gold in retreat but holding session lows for the moment
- Total Chinese commercial bank NPL end-June 1.64trln yuan
- Forex option contract expiries for today 14 Aug
- European equity markets open firmer 14 Aug
- Trading ideas for the European session 14 Aug
- SNB total sight deposits CHF 578.9bln w-e 11 Aug vs CHF 578.6bln prev
- Nikkei 225 closes down -0.98% at 19,537.10
- ForexLive Asia FX news wrap: Yen crosses higher to start the week
Data:
A steady session to start the week but one that's been dominated by USD demand and a move back into risk trades as tension over Korea eases a little.
USDJPY began the session creeping higher along with USDCHF at 109.40 and 0.9635 respectively and this initially gave support to core pairs as the crosses traded higher with EURUSD the standout up to 1.1838.
It wasn't long though before yen and franc selling became USD demand with equities extending opening gains and oil/gold both retreating.
The $ buying has seen USDJPY up to test 109.80 but stalling with large expiries lurking at 110.00 while USDCHF has ploughed it way up to 0.9691 with EURCHF rallying past Asian highs to post 1.1435.
EURUSD has fallen back to test demand/support between 1.1790-00 with a little help from soggy EZ output data and with EURGBP underpinned around 0.9090 we've seen GBPUSD break down to 1.2964 lows as I type.
AUDUSD once again failed at 0.7920 in Asia and has since been down to 0l.7868 before finding some fresh demand. USDCAD has rallied to 1.2717 on the USD demand/lower oil combo.
Gold has fallen to test $1280 from $1288.
Nothing left on the data slate so we wait to see what NA desks make of this risk-preferred environment.
