Forex news for the European morning trading session 30 Oct 2017
News:
- ECB's Liikanen says they sent an important message on QE last week
- MAS says it plans to develop Singapore as a hub of wealth and FX
- Bloomberg on China: "Pessimism in the bond market is spilling over to the stocks"
- Forex option contract expiries for today 30 Oct
- Trading ideas for the European session
- Nikkei 225 closes up +0.01% at 22,011.67
- ECB officials to speak during Monday London time
- ForexLive Asia FX news wrap: USD little changed on the session
Data:
- Spain Oct CPI provisional mm 0.9% vs 0.8% exp
- Eurozone Oct consumer confidence final -1.0% as exp
- Germany Sept retail sales mm +0.5% vs +0.7% exp
- North Rhine Westphalia Oct CPI mm 0.0% vs 0.1%
- Bavaria Oct CPI mm -0.1% vs +0.2% prev
- Saxony Oct CPI mm 0.0% vs 0.2% prev
- UK Sept mortgage approvals 66.2k vs 66.0k exp
- Switzerland KOF Oct leading indicator 109.1 vs 106.5 exp
Greetings to our readers over the pond who have yet to put their clocks back and so now starting to join us a little earlier than usual in our session.
It's been a steady session but one that has seen the pound post some gains helped by EURGBP falling to test decent support lines around 0.8825 that have held for the past month. The move has pushed GBPUSD up to 1.3188 so far from 1.3130
GBPUSD 15m
EURUSD had an early look at 1.1600 but has since rallied to 1.1638 amid generally softer USD tones with USDJPY failing to hold early gains into 113.80 and retreating to 113.57 and USDCHF down to 0.9970 from 0.9990
AUDUSD,NZDUSD and USDCAD have all traded tightly.
US PCE at 12.30 GMT the next data risk. Event risks continue to centre around Trump, Catalonia and Brexit.
