Forex news for Asia trading Monday 27 October 2014

The big weekend news were the stress test results (see bullets, above).

EUR went on a slow grind higher during the opening session of the week on the back of the results not being as bad as feared. EUR/USd popped above 1.2700 and has sustained there (as of writing), but not accelerated away.

EUR/JPY performed well on the session, too, initially with a weaker yen on the opening (which soon reversed … USD/JPY easily back below Friday closing levels in the USA) and then on EUR strength.

Cable edged a little better during the session, but not a great amount of gain at all.

EUR/CHF edged a little better during the session. It is rarely a wild ride, and it wasn’t today … but it did gain a few tics.

AUD/USD picked up a few tics on the session, too, again running into sellers around 0.8820 and above. It was a holiday in New Zealand markets today, but that didn’t hold back the bird, it flapped its way to a 30-off point gain from session lows.

Oil and gold didn’t do much.

We now await the Europe and UK session (hey, welcome to winter time, ladies and gentlemen) … Coming up in Germany Monday morning – IFO business survey will be closely watched