Forex news for Asian Pacific trading on November 30, 2017.

A snapshot of other markets today shows:

  • Spot gold little changed at +$0.46 or +0.4%
  • WTI crude oil up $0.12 or +0.19% at $57.51
  • Bitcoin fell to a low of $9609.90 but recovered and trades at $10,515.70
  • In Asian stock trading: Shanghai composite index is down 3.4 points or -0.13%. HK Hang Seng is getting hit hard and trades down -327.91 points or -1.14%. The Japan Nikkei is up 107 points or+0.47%
  • US 10 year yield is trading at 2.3828% down -0.5 bp from the close yesterday

The markets continued to cheer the GBP in trading in the Asian Pacific session. The positive feelings toward Ireland's border and agreement on the divorce payment to the EU, are spurring on gains, as is better technicals (see post here). The price of the GBPUSD entered into the region that defined post-Brexit swing highs from June to September of 2016 between 1.3443 and 1.3532. The GBP was the strongest pair for the day

The weakest currency goes to the NZD which was hurt by horrible ANZ Business confidence and activity outlook. The business confidence for November tumbled to -39.3 from -10.1 last month. That was the lowest reading since 2009. Not only did confidence tumble but so did the NZD as it lost ground vs all the major currencies. See the technical view by clicking here.

The NZDs fall on the confidence numbers outweighed better China PMI data (see details here). The PMI for manufacturing came in at 51.8 vs 51.4 estimate. Non Manufacturing was also better at 54.8 vs 54.3 last month.

The China data did give a boost to the AUDUSD in the session. It moved up toward key resistance at the 0.7587-90 and stalled. We trade around that level currently. A move above would be more bullish. For a technical look at the levels and action see the post HERE.

BOJs Harada tried to talk the Japan economy up, but the JPY still weakened. Techncally, it held above a lower trend line and near the 100 bar MA on the 5-minute chart. The high stalled right below yesterday's high. A move above would be more bullish (see chart below)....

Good fortune with your trading....