Forex news for the European morning trading session 7 Dec 2017
News:
- Juncker & May working together toward next phase in Brexit talks
- Eurogroup's Dijsselbloem: Euro area economy is in solid expansion phase
- Bitcoin clears the $15,000 mark
- Germany's Schulz looking for a USE ( United States of Europe) by 2025
- Quick snapshot on the major FX bloc performance thus far today
- Pound looking perky so far but sellers lurking still
- AUDUSD in retreat still as the shiny stuff loses its sheen
- USD/JPY extends to the upside, touches session high
- Kiwi extends decline on the day, NZD/USD at session lows
- Some numbers to wrap your head around before tomorrow's NFP data release
- Forex option contract expiries for today 7 Dec
- Latest Reuters poll favours a lower pound still but with some Brexit-based caution
- Reuters poll: US tax cuts to have a net positive effect on the USD in 2018
- China end-Nov fx reserves USD 3.119trln vs 3.109trln prev
- Swiss FX reserves fell to CHF 738.2 bn vs CHF 741.5 bn prior
- Australia's official reserve assets grew to AUD85.83 bn in November
- Trading ideas for the European session
- Nikkei 225 closes up +1.45% at 22,498.03
- Forexlive Asian Pacific FX news wrap: Australian trade balance disappoints. Bitcoin me up
Data:
- Eurozone Q3 GDP final QQ 0.6% as expected
- Germany October industrial production -1.4% vs +0.9% m/m expected
- UK November Halifax house price index +0.5% vs +0.2% m/m expected
- France October trade balance -4.96 bn vs -4.68 bn expected
- Switzerland November unemployment rate 3.0% vs 3.1% expected
- Japan October leading indicator index 106.1 vs 106.1 expected
There's your headers all in one place.
Here's your p/a summary:
- GBPUSD up to 1.3425 from 1.3370 on a short squeeze but then down to 1.3321 on Brexit reality checks
- EURGBP down to 0.8780 support from 0.8815 and back up to then back to 112.25
- EURUSD down to 1.1807 from 1.1840 and still down there
- USDCHF also underpinned still and posting 0.9930
GBPUSD 15m
- USDCAD underpinned after yesterday's BOC decision and posting highs of 1.2845
- AUDUSD down to 0.7515 as Gold continues it's latest retreat to post $1254
Data coming up and at 16.00 GMT "Participation by Mr Draghi in his capacity as Chair of the Group of Governors and Heads of Supervision (GHOS) in a press conference by the Bank for International Settlements, hosted at the European Central Bank in Frankfurt, Germany. No text will be made available"
