Forex news for the European morning trading session 11 Dec 2017



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


  • 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