Forex news for the European morning trading session 13 Dec 2017
News:
- Barnier: Last week's Brexit pact is 'very complex'
- Trump: Republicans will have another shot at Alabama seat in a very short period of time
- Markets muted ahead of the Fed meeting later in the day
- Keep an eye out on US inflation data ahead of the Fed
- WSJ survey: Fed to raise rates three times in 2018
- Pound still range-bound after UK wages/jobs data
- Bitcoin frenzy being led by millions of Asian investors
- BOJ's Kuroda: Japanese economy is in very good shape
- Forex option contract expiries for today 13 Dec
- Five things to know ahead of the SNB meeting tomorrow
- Central banks are not the only thing on the agenda this week
- UAE say it's too early to speculate on oil pact exit strategies
- Most economists give Yellen a high score as Fed Chair
- China, UK set to hold bilateral talks on 15-16 Dec
- China, UK said to plan a CNY 10 bn fund in One Belt, One Road initiative
- Reuters: Economists raise 2017 Singapore GDP growth forecast
- Reuters poll: Japan's economic expansion will last to 2020 or later
- Dollar recovers some poise as markets turn attention to FOMC meeting
- Trading ideas for the European session
- Chinese equity markets close firmer
- Nikkei 225 closes down -0.47% at 22,758.07
- ForexLive Asia FX news wrap: US politics wobbles the USD
Data:
- Germany November CPI final +0.3% vs +0.3% m/m prelim
- UK October average weekly earnings 3m/y +2.5% vs +2.5% expected
- Eurozone October industrial production m/m +0.2% vs 0.0% expected
- Italy October industrial production +0.5% vs +0.7% m/m expected
Muted price reactions all session as traders and bots press the pause button ahead of the FOMC rate decision later.
Not a lot of price action to report to be honest. A few pips to be had across a few pairs but limited. Mostly a snooze fest.
GBPUSD got bought up to 1.3368 from 1.3325 ahead of wages/jobs data but the fact got sold back in what has been another rinse n repeat session. EURGBP has been down to 0.8782 with large options playing out.
GBPUSD 15m
Focus is on the FOMC at 19.00 GMT but some US data before that and large options in play.
