Forex news for the European morning trading session 9 Nov 2017
News:
- Trump in China: "I believe things will happen" on North Korea
- ECB's Coeure says Eurozone economic recovery the strongest in 20 years
- EU Commission raises 2017 GDP forecast to 2.2% vs 1.7% prev
- EU's Barnier repeats UK withdrawal agreement must be made before trade talks
- ECB Monthly Bulletin: Risks surrounding Eurozone economic growth remain broadly balanced
- Tillerson says there is no disagreement between US and China over North Korea
- OECD: United Kingdom outlook has weakened as signals of easing growth have intensified
- Japan says TPP-11 countries to discuss trade deal
- Spain's Rajoy says government could revise 2018 GDP down again due to Catalonia crisis
- UAE asked banks , finance cos for info on accounts of 19 Saudis
- Forex option contract expiries for today 9 Nov
- Nouy says Eurogroup is backing ECB's approach on NPLs
- Trading ideas for the European session
- Nikkei 225 closes down -0.20% at 22,868.71
- ForexLive Asia FX news wrap: RBNZ sends kiwi a little higher
Data:
- Germany Sept trade balance EUR 24.1bln vs 22.3bln exp
- Switzerland Oct unemployment rate 3.0% as expected
- Bank of France Oct industry sentiment indicator 106 vs 105 exp
- Japan Oct economy watchers survey current SA 52.2 vs 50.8 exp
Another steady session for the most part but one that sprung into life in the last hour or so.
In that time we've seen USD sellers prevail with USDJPY falling to 113.25 from 113.55, USDCHF down to 0.9655 from 0.9685 and USDCAD 1.2690 from 1.2730
It's EURUSD though that's captured the attention making solid gains and set to post biggest daily rise in 2 weeks. Yes folks it really has been that quiet lately. EURUSD has posted 1.1644 from 1.1595 with large option expiries at 1.1600 seemingly lending some support too. EURGBP up to 0.8875 which, along with GBPJPY supply helped GBPUSD post 1.3085 lows from 1.3135.
AUDUSD fell initially to 0.7690 after failing into 0.7700 only to bounce back on the USD-neg sentiment while NZDUSD has remained underpinned post-RBNZ and yesterday's sizeable option interest but traded tightly 0.6955-80.
Oil has mostly flat-lined while gold had an early rally to $1288 from $1283 before falling back to $1285 and equities have general made a steady slide from the off.
UK NIESR GDP estimate at 12.00 GMT then the following, inc a few CB talking heads
