Forex news for the European morning trading session 5 Dec 2017
News:
- UK's Hammond: Very confident we can move this forward on Brexit talks
- UK PM May and officials expected to talk with Northern Ireland's DUP on Tuesday
- Irish minister McEntee: Agreed text was comprehensive, can give DUP clarification
- UK's Labour party granted an urgent question on Brexit in parliament at 1230 GMT
- EU trade chief Malmstrom: EU is aiming to have a post-Brexit trade accord with the UK
- Pound extends losses as Brexit fallout continues
- EC chief spokesperson Schinas: EU ready to resume Brexit talks when UK is ready
- European Commission's Dombrovskis: US tax reforms will be discussed at EcoFin
- The market is still ignoring chances of a US government shutdown
- IEA's Atkinson says oil prices may fall in coming months
- More from BOJ's Kuroda: There is still a distance to 2% inflation goal
- What is the best trade in the Asian session today?
- USDCHF looking to test decent support lines
- USDCAD retreat continues at pace
- Forex option contract expiries for today 5 Dec
- Amazon enters Australia, new era for retailers?
- Bloomberg survey: Japan Q3 GDP forecasted at +0.4% q/q
- Trading ideas for the European session
- Nikkei 225 closes down -0.37% at 22,622.38
- ForexLive Asia-Pacific FX news wrap: AUD gets a double-dose of good news
Data:
- UK Markit/CIPS Nov services PMI 53.8 vs 55.0 expected
- Eurozone October retail sales -1.1% vs -0.7% m/m expected
- Eurozone Markit Nov services PMI final 56.2 as expected
- Germany November Markit services PMI 54.3 vs 54.9 expected
- France November Markit services PMI 60.4 vs 60.2 expected
- Italy November Markit services PMI 54.7 vs 53.2 expected
- Spain Markit Nov services PMI 54.4 vs 55.00 exp
Busy times again with GBP pairs in focus on Brexit and PMI data but CAD, CHF and also with tales to tell.
Here's your p/a summary. Headline stories above:
- GBPUSD down to 1.3370 from 1.3465, back up to 1.3440
- EURGBP up to 0.8868 from 0.8807 and back down to 0.0.8825
- USDJPY down to 112.40 from 112.70 then back to 112.60 /
- EURUSD down to 1.1842 from 1.1870 then bounce back before capping again
- USDCHF in retreat to test 0.9830-40 support with EURCHF retreating too
- USDCAD broken down through 1.265-60 support/bids to post 1.2635 continuing its falls from Friday
- AUDUSD and NZDUSD held up well again
GBPUSD 15m
- Equities opened mixed and remain so
- Oil posted a few losses
Data coming up includes US and Canadian trade releases but attention mainly focussed elsewhere still.
