Forex news for the European morning trading session 15 Nov 2017
News:
- Fed's Evans says US facing "below-target inflation expectations"
- More from Fed's Evans: Monetary policy can't fight high asset values
- More from Fed's Evans (2): Sustainable level for balance sheet is yet to be determined
- European leaders call for restraint in Zimbabwe
- USD supply notable again as European trading gets underway. Zimbabwe grabbing a few headlines.
- BOE's Haldane says trust in central banks has moved downward
- ECB's Hansson sees scope for some prudent recalibration of policies
- Swiss government says franc is still highly valued
- France official 2017 GDP forecast remains at 1.7%
- ECB's Praet says monetary policy communication faces several distinct challenges
- Poll says SA Reserve Bank to hold repo rate at 6.75% next week
- Pound retreats again on a UK data/EURGBP demand double-whammy
- Forex option contract expiries for today 15 Nov
- Trading ideas for the European session
- Nikkei 225 closes down -1.57% at 22,028.32
- ForexLive Asia FX news wrap: AUD/JPY a big mover
Data:
- UK Sept average weekly earnings 3mth/year 2.2% vs 2.1% exp
- France final Oct CPI mm 0.1% as expected
- Eurozone Sept trade balance SA EUR 25.0bln vs 21.0bln exp
Lots going on today in a generally risk-off sentiment session but one that's seen euro demand again and the pound on a roller coaster ride.
Here's a brief p/a summary
- GBPUSD up to 1.3215 from 1.31240 then back after stronger wages, softer jobs data lessens chance of rate hikes
- EURUSD 1.1847 from 1.1785 and underpinned thereafter into 1.1830
- USDJPY down to 112.65 from 113.25 on softer USD and risk-off sentiment yen demand
- USDCHF
- USDCAD 1..2710 up to 1.2755 on CADJPY sales
- AUDUSD mostly nudging up to 0.7600 from 0.7580
Lots of CB talking heads so far and scheduled along with US CPI data amongst a raft of releases to throw into a heady mix.
