Forex news for the European morning trading session 11 Dec 2017
News:
- UK's Davis: Certain that can avoid hard border whatever the outcome of Brexit trade talks
- ECB's Nowotny: ECB must be careful in unwinding low interest rates
- French finance minister Le Maire says it will take time to reform Europe
- PBOC's Zhou: Will be more active in fending off financial risks
- BOJ keeps benchmark ratio for macro add-on balance unchanged
- Dollar remains soggy in today's trading so far
- ECB's Nowotny: Bitcoin is a speculative product, not a currency
- Forex option contract expiries for today 11 Dec
- Bloomberg survey: First ECB rate hike expected in Q2 2019
- European equities open firmer on the day 11 Dec 2017
- SNB total sight deposits w.e. 8 Dec CHF 575.9 bln vs 576.8 bln prior week
- Volatility is dead, how to revive it?
- ForexLive Asia FX news wrap: BTC futures trip circuit breakers, NZD up too!
Data:
- Italy Oct retail sales mm -1.0% vs 0.0% expected
- Bank of France November industry sentiment indicator 106.0 vs 106.0 prior
- China Nov vehicle sales yy +0.7% vs +2.0% prev
A relatively quiet session with a wobbly pound and stronger euro among the highlights.
P/A summary:
- GBPUSD early rally to 1.3432 on general USD supply then down to 1.3365 then 1.3343 as EURGBP demand and Brexit reality check undermined the pound again
- EURUSD underpinned again above 1.1760 and posted 1.1803 highs on general euro demand. Large option expiries at 1.1800 keeping range contained since
- USDJPY down to 113.25 from 113.45 after finding fresh supply in Asia above 133.60
- USDCHF underpinned still but sellers pushing it down begrudgingly to 0.9902 from 0.9925
- USDCAD tightly bound 1.2830-60
- AUDUSD still finding demand into 0.7500 and sellers around 0.7535
- NZDUSD continued its Asian rally to post 0.6930 b4 retreating
GBPUSD 15m
- Equities mixed with no real stand-outs
- Oil saw a down n up session
- Gold steady
A light data day with only the US JOLTS jobs report of note to come at 15.00 GMT
