Forex news for the European morning trading on 24 Aug 2017
News:
- Lower pound and Brexit making an impact on UK immigration figures
- Lower highs for cable but dip demand notable as we wait on GDP data
- Spain looking to revise up their 2017 GDP forecasts later this year
- Japan's 20-year JGB yield falls to lowest level since December
- AUSUSD sees a boomerang price action as the pair comes steadily back
- Forex option contract expiries for today 24 Aug
- Nikkei 225 closes down -0.42% at 19,353.77
- ForexLive Asia FX news wrap: Yen slips
Data:
- UK Q2 GDP latest revision QQ 0.3% vs 0.3% exp
- UK CBI August retail reported sales -10 vs 14 exp
- Spain Q2 GDP final reading QQ +0.9% as exp
- France August manufacturing confidence 111 vs 108 exp
- Switzerland Q2 industrial output yy WDA 2.9% vs -1.0% prev
- Japan June leading index CI final 105.9 vs 106.3 exp
With a (w)hole load of Jackson getting under way today it's not surprising that markets are a little skittish.
We've seen some decent moves/opportunities, some rapid some gradual, but there's been pips to be had for those interested.
Both the pound and aussie $ saw an early sell off only to bounce back with GBPUSD falling to 1.2774 then rallying to 1.2830 with UK Q2 GDP having only a small impact and AUDUSD completing a 0.7900-0.7868 round trip.
GBPUSD
AUDUSD
Elsewhere the euro has seen a mixed bag of activity with EURUSD and EURGBP falling to 1.1784 from 1.1810 and 0.9190 from 0.9235 but EURJPY has moved up to 129.14 as USDJPY rallied to 109.46 from an early dip to 109.08
USDCAD has fallen below 1.2530 from 1.2560 with come CADJPY demand in play and oil steady still while NZDUSD also had a tumble to 0.71 before bouncing to 0.7220
NZDUSD
So a down and up day so far as JH casts its shadow.
Data coming up:
