Forex news for the European morning trading session 8 Dec 2017
News:
- EU's Juncker: 'Difficult' talks but we have now first breakthrough
- UK's May says Brexit deal now is a significant improvement
- Ireland's Coveney says there will be no hard border under any scenario
- Irish PM Varadkar: Full free trade accord may not be possible
- DUP leader Foster: "Substantive changes" made to Brexit border draft text
- EU's Barnier: There are more hurdles to clear on Brexit talks
- DUP: Foster negotiated border issue with UK PM May through the early hours
- EU Brexit talks draft: UK will be subject to EU law during transition
- EU's Barnier: Citing a Brexit bill figure now would create political controversy
- EU's Tusk: EU leaders to start transition talks immediately
- UK says it expects Brexit divorce bill between EUR 35-39bln
- UK estimates cost of Brexit bill at EUR 40-45 bn
- Cable climbs back to near session highs following initial selloff
- Arron Banks: UK PM May has betrayed the country and its leave voters
- FX market in consolidation ahead of NFP report later today
- Japan PM Abe says that Japan and EU has agreed on free trade deal
- Forex option contract expiries for today 8 Dec
- Trouble in Bitcoin paradise?
- BOE TNS survey has UK public upping inflation expectations to 2.9%
- China's Politburo calls for boosting structural reforms
- Trading ideas for the European session
- Nikkei 225 closes up +1.39% at 22,811.08
- Forexlive Asian-Pacific FX news wrap: Japan GDP beats. China trade humming along.
Data:
- UK October manufacturing production 0.1% vs 0.0% m/m expected
- UK Oct visible trade balance GBP - 10.781bln vs -11.5bln exp
- France October industrial production +5.5% vs +2.9% y/y expected
- Japan November economy watchers sentiment 55.1 vs 52.1 expected
There's all your headers.
P/A summary:
- GBPUSD up to 1.3521 but then down to 1.3453 on the Brexit announcement on a buy rumour/sell fact basis. Back to 1.3515 then back down to 1.3460 then support at 1.3450 broken to post new lows
- EURGBP had an early look below 0.8700 but found good demand and since been back to 0.8754
- EURUSD still looking a little soggy and lows of 1.1730 posted. Large option expiries helping to cap
- USDJPY felt the love early on to post 113.59 but capped albeit with minimal retreat
- USDCHF has also kept its bid tones to post 0.9978 but also retreating a little lower
- USDCAD down to 1.2835 as oil firms
- AUDUSD on the back foot still but bids/demand at 0.7500 holding again
- NZDUSD tightly bound
US data highlight ofc is the NFP report at 12.30 GMT
