Forex news for the European morning trading session 27 Nov 2017
News:
- UK as a whole is leaving EU customs union - Govt spokesperson
- Russia's Novak says all in favour of oil supply cut deal extension
- Forex option contract expiries for today 27 Nov
- EUR/CHF looks poised to test 2017 high
- NZD/USD touches session high of 0.6900
- Key risks to the Fed's gradual rate hike policy
- European equity markets turn the corner as the euro slips
- Bitcoin holding onto gains thus far, will we see the $10,000 mark today?
- Dollar pares gains as European markets open
- Chinese prime minister Li Keqiang: Chinese economy enjoying steady momentum
- Sour risk sentiment may prompt further drop in NZD/JPY
- SocGen: Dollar may rebound on inflation, tax, and Powell
- Trading ideas for the European session
- Nikkei 225 closes down -0.24% at 22,495.99
- ForexLive Asia-Pacific news wrap: Bitcoin hits $9600
Data:
- China Oct services trade deficit USD 17.8bln
- November Italian consumer confidence 114.3 vs 116.4 expected
- Switzerland Q3 non-farm payrolls 4.956m vs 4.915m prev
- SNB total sight deposits w.e. 24 Nov CHF 577.54 bln vs 577.63 prior week
A steady start to the week but one that's seen euro pairs give up some Asian/early Europe gains and commodity currencies enjoy a run higher.
Price action in brief:
- EURUSD up to 1.1957 from 1.1920 then back down again
- EURGBP up to 0.8963 and down to 0.8931
- EURJPY down to 132.54 from 132.85
- USDJPY down to 111.01 from 111.45 in general risk-off sentiment mode
- GBPUSD underpinned by EURGBP sales and rising to post 1.3365 from 1.3320
- AUDUSD, NZDUSD both finding buyers but large AUDNZD options in play
- USDCAD on the back foot despite oil price falls
- Equities opened softer, turned higher then lower again
Data/events coming up:
