Forex news for European morning trading on June 23 2017
News:
- Brexit referendum one year later - What do we know now ?
- Latest YouGov poll has Corbyn ahead of May in the popularity stakes
- Scarcity of German bonds a major consideration for the ECB
- Qatar presented with 13 demands to end crisis
- Russia remains China's largest oil supplier Jan-May
- Barclays sees USD range bound in latest FX view
- Forex option expiries for the 10am New York cut 23 June
- Nikkei 225 closes up +0.11% at 20,132.67
Data:
- Eurozone Markit June manufacturing PMI flash 57.3 vs 56.8 exp
- German Markit June manufacturing PMI flash 59.3 vs 59.0 exp
- France Markit June manufacturing PMI flash 55.0 vs 54.0 exp
- France Q1 GDP final qq 0.5% vs 0.4% exp
- China May trade balance revision USD 40.79bln vs 40.81bln flash
- Italy April industrial orders mm -0.7% vs -4.2% prev
It's not exactly been a rip-roaring finish to the week so far but it's not over just yet.
GBP opened up with a firmer tone on hopes of a softer Brexit and potentially hawkish BOE. GBPUSD rallied from to 1.2680 to 1.2705 before pausing for breath, then a test on 1.2750 as EURGBP fell from 0.8793 to 0.8766. Steady since though with 1.2720 providing some support.
USDJPY and EURUSD both traded tightly in 111.15-35 and 1.1160-88 ranges, the latter being capped by larger option expiry interest between 1.1190-1.1200.
USDCHF has a quick test of 0.9680 support in a rush only to just as quickly back to 0.9705 then 0.9720. EURCHF similarly looked at 1.0830 support before also bouncing back to 1.0860.
AUD found some demand on bullish Chinese oil import data with AUSDUSD rising to 0.7583 from 0.7550 only to fall back to 0.7560 as I type.
USDCAD has mostly traded 1.3220-40 as we wait on Canadian CPI at 12.30 GMT.
Equities generally opened softer and remained that way while oil had a 30c spike only to retreat back.
The week-end's almost here but hopefully a few pips to be made first.
