Forex news for the European morning trading session 27 Oct 2017
News:
- ECB's Coeure among those not entirely happy with yesterday's decision on QE
- ECB's Villeroy says they have made "essential step" to end QE
- Former ECB head Trichet says Draghi QE decision shows European economy is robust
- PM Rajoy asks Spanish senate to support proposal on Article 155
- Pro-independence parties register independence motion with Catalan parliament
- Bloomberg: Australia Government in Crisis as Deputy PM Ejected in Citizenship Ruling
- Australian PM Turnbull says business of government goes on
- Russian central bank cuts key rate to 8.25% from 8.5%
- ECB's Praet says it's clear any politically acceptable EZ fiscal policy will be modest in size
- USDCHF posts parity again for first time since May
- MAS anticipate 2017 Singapore GDP at upper half of 2-3% range
- Rinse "n" repeat as USDJPY retreats from 114.30 again
- Forex option contract expiries for today 27 Oct
- ECB survey has 2018 Eurozone GDP expectations at 1.9% vs 1.8% prev
- Trading ideas for the European session
- ForexLive Asia FX news wrap: USD extends its move in Asia morning
Data:
- Germany Sept import price index mm 0.9% vs 0.5% exp
- Spain Sept retail sales yy SA 2.1% vs 1.9% exp
- France Oct consumer confidence 100 vs 101 exp
- China Jan-Sept tax revenues yy +10.6%
There's your headlines. A lively session but one that asked more questions than gave answers.
Here's your p/a summary:
- GBPUSD down to 1.3070 from 1.3125 helped by GBPJPY supply and EUYRGBP month--end demand that saw highs of 0.8902 from 0.8860
- GBPUSD then back to look at 1.3100 as EURGBP returns to from whence it came
EURGBP 15m
- USDJPY tested 114.30 again but retreated back below 114.00 with large options in play
- EURUSD posted fresh recent lows of 1.1615 from 1.1645
- USDCHF posts 1.0004 from 0.9880 then caps
- USDCAD steady ascent 1.2865 to 1.2895
- AUDUSD early dip to 0.7625 on Joyce ruling but steady since btwn 30-50. Option expiries nearby
- Oil in steady decline albeit gently
- European equities mixed but IBEX notable losses as Spain/Catalonia issues play out
US Q3 GDP the big data risk ahead at 12.30 GMT then a variable undercard
