Forex news for the European morning trading session 22 Nov 2017
News:
- UK Autumn Budget today. What can we expect ?
- Large option expiries casting shadows again
- EU Commission says high Italian government debt is a reason for concern
- Gold price forecast from UBS for year end and into 2018
- Forex option contract expiries for today 22 Nov
- Trading ideas for the European session
- Nikkei 225 closes up +0.48% at 22,523.15
- ForexLive Asia FX news wrap: Yen a little higher in Asia
Data: Nothing of note
A quiet session with large option contract expiries once again casting a shadow and containing ranges
USDJPY has been pinned around 112.00 and EURUSD around 1.1750. AUDUSD capped at 0.7600 and USDCAD at 1.2780. All option related
Elsewhere it's been a similar story albeit not option related for the most part but GBPUSD does have a few contracts rolling off at 1.3250 and we've not travelled too far from there.
USDCHF remains underpinned above 0.9880 but capped but EURCHF sellers.
NZDUSD tightly bound 0.6820-50
Equities have made gains after a neutral start, oil prices steady, gold has nudged up to $1286 from $1282 only to fall back
Data wise it's US durable goods to look out for at 13.30 GMT and of course at 19.00 GMT we get the FOMC Minutes.
