Forex news for the European morning trading on 8 Aug 2017
News:
- Hold the front page, EURGBP challenges recent highs again
- Aussie up from yesterday's lows despite miss on China trade
- BOJ should reduce stimulus - Iwata
- Heads up - South African parliament to hold secret ballot after 12:00GMT
- Nomura on RBNZ and Kiwi
- AUDNZD heading to 1.0845 - Westpac
- Want to trade the Aussie? - here's what's going on behind those Chinese trade figures
- The dog that impeached South Korea's president
- Forex option contract expiries for today 8 Aug
- Australian June foreign reserves $74.7b vs $84.1b prior
- ForexLive Asia FX news wrap: AUD data comes in strong again
Data:
- German June trade balance €22.3b vs €23b expected
- China July USD-denominated exports yy +7.2% vs 10.9% exp
- French June trade balance -€4.6m vs -€5.0b exp
- US July NFIB small business optimism 105.2 vs 103.5 exp
- Swiss July unemployment rate 3.0% vs 3.0% exp
- Greece June industrial production 1.6% y/y vs 5.4% prior
- Japanese July eco watchers survey current 49.7 vs 50.2 exp
- Netherlands July CPI 1.3% y/y vs 1.1% prior
- Japanese July bankruptcies 0.28% y/y vs -7.74% prior
Another quiet session as Summer holiday markets set their traditionally lethargic tone plus traders/bots have little new impetus to work on.
Standouts in an otherwise lackluster session have been EURGBP up to new 11 month highs of 0.9076 having chewed through good resistance/offers at 0.9065, and AUDUSD moving up steadily 0.7943 from 0.7910 with large option expiry interest at 0.7950 in play.
That EURGB[P demand has helped cap cable and the pair has been in gentle retreat all session down to 1.3023 as I type from 1.3042. with EURUSD pinned around 1.1810
USDJPY has mostly had the morning off around 110.50 but is starting to dip as I type while UJSDCHF has been steady around 0.9725 as EURCHF holds above 1.1475 but fails to breach 1.1500.
USDCAD has been contained between 1.2650-80 while NZDUSD has traded 0.7355-70
Equities opened softer and have remained so while oil has nudged lower through the latter part of the session after an early rally.
Little of note on the data slate today so far but coming up are Canadian housing starts at 12.15 GMT and US JOLTS job openings at 14.00 GMT.
