Analysts point to combination of factors that are boosting Japan’s currency
A bevy of inflation data due out from across the globe will be the predominant factor guiding FX markets during the last week of November.
OPEC Sec Gen Barkindo up to the rostrum 27 Nov
– OECD oil stocks fell to 140mln barrels above 5-year average in Oct
Free glasses and cut-price stuff you don’t really need at the pumps all round then !
Forex news for the European morning trading session 27 Nov 2017
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.
UK PM May’s spokesperson speaking to reporters 27 Nov
– talks on Irish border post-Brexit will continue until Dec EU summit
– UK govt has commitment to avoiding any physical infrastructure at border with Ireland post-Brexit
Looks like another two-finge…
EUR showing signs of life again, as CHF gets left behind the pack
Earlier in the month, the pair hit a high of 1.1723 – the highest level since the SNB removed the 1.2000 floor back in January 2015.
Here’s the latest on other key pairs 27 Nov
Note: Offers = Sellers at these levels. Bids = Buyers at these levels.
These orders, and the others I post, are generally good until filled/ level breached.
Commodity currencies now starting to lead the charge on the day
As European equity markets hold steady, it’s prompting a turnaround in market sentiment in the FX space as well. NZD, AUD, and CAD have all turned things around and are all threatening ses…
Bitcoin soared over the weekend as Asian buying pushed the market heavyweight towards $10,000 while the total market capitalization breached $300 billion.
WSJ with a neat article on the 2018 outlook for the Fed and its tightening cycle
December this year surely is a done deal with regards to a rate hike by the Fed. But what’s important now is how many times the Fed is expected to raise rates in 2018?
Currently 132.80 tightly bound
Core pair moves negating cross move so far this session
EURUSD rallied earlier as USDJPY dropped and then vice versa.
Offers: 133.30 133.80
Equity markets are firming up, but the euro is sliding down
A complete reversal from the opening, and a stark change in sentiment compared to the Asian equity markets.
Currently 0.8939 just off session lows
Month-end BUBA demand potentially in play until 30th but large-ish option expiries casting a shadow today.
General euro supply prevailing too after early burst higher.
Swiss National Bank on the average sight deposits for the week ending 24 November
Domestic deposits continue to gain more traction this week based on the numbers. Sight deposits are basically the accounts of banks that sit with the SNB and account for …
Here’s the latest on today’s notable expiries for the 15.00 GMT cut 27 Nov
– EURUSD: 1.1860-65 (EUR 610m) 1.1900 (490m) 1.1950-55 (345m)
– USDJPY: 112.30 (USD 380m) 113.10 (400m)
Look out for core pair impact from AUDNZD contracts.
The German benchmark is creating a volatile range and has a couple of factors which have impact; in an effort to keep it simple we’ll just follow the direction of momentum.
Currently 1.3346 near session highs
Month-end EURGBP demand potentially in play til 30th but on the slide atm.
Sellers poised around 1.3350 still with larger between 80-00 and I think that presents good value.
EUR/USD currently trading at 1.1936, falling off session highs of 1.1957.
Currently 1.1946 from 1.1957
Friday’s thin-liquidity gains still being sustained but sellers always poised and 1.2000 looms large
Keep an eye on German coalition talks this week again.
Speaking in a summit with CEE ministers in Budapest, Hungary