Forex news for the European morning trading session Dec 2017
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News:
- No Brexit deal this week, says Sun Newspaper political editor
- Hassassian: Trump's recognition of Jerusalem could be the beginning of violence again
- Brexit and risk-off sentiment adding to pound's woes
- DUP's Foster had a short conversation with UK PM May by phone
- DUP party: "No plans today" for a phone call with UK PM May
- UK Brexit minister Davis: Government has no overall impact assessment on Brexit
- ECB's Mersch: Euro area recovery continues to be robust
- More from BOJ's Masai: Doesn't see big risk of Japan's financial system destabilising
- CHF sellers need little excuse as equities pare some losses
- RBI leaves repo rate unchanged at 6.0%
- Risk-off sentiment starting to weigh in?
- Reuters poll: Crude oil seen averaging $54.78 per barrel in 2018
- Forex option contract expiries for today 6 Dec
- NZD/USD touches session highs of 0.6909, breaks trendline resistance
- How much is $50 of Bitcoin worth during the day?
- Trading ideas for the European session
- Nikkei 225 closes down -1.97% at 22,177.04
- Forexlive Asian Pacific news wrap: Australian GDP misses, and the market punishes. Stocks tumble
Data:
- Eurozone November retail PMI 52.4 vs 51.1 prior
- Germany Oct factory orders mm 0.5% vs -0.2% exp
- Germany Markit Nov construction PMI 53.1 vs 53.3 prev
- Switzerland November CPI -0.1% vs 0.0% m/m expected
Once again pound hogging the headlines but by no means the only story.
Here's your p/a summary. Headline stories above:
- GBPUSD down to 1.3357 from 1.3425 with GBPJPY supply a prime mover as risk-off sentiment prevails with equities open lower again. Bounces limited to 1.3385
- EURGBP up to 0.8854 from 0.8815 and back down to 0.8831
- USDJPY down to 112.00 from 112.30 then back to 112.25
- EURUSD down to 1.1807 from 1.1840 and still down there
- USDCHF in retreat first on risk plays but then rallied sharply to test 0.9900 from 0.9860 as equities pared a few losses with EURCHF rallying as well to look at 1.1700 from 1.1660
USDCHF 15m
- USDCAD capped around 1.2700 and has fallen to look at 1.2650-60 again as we wait on BOC
- AUDUSD lower after some fun n games in Asia after Aussie GDP
- NZDUSD on back foot from 0.6915 to 0.6890
- Equities opened lower with DAX down 1.5% but since pared losses
- Oil prices in steady retreat since 08.00 GMT
- Gold steady after yesterday's retreat
US data has ADP next out at 13.15 GMT. Then focus on BOC at 15.00 GMT
