Forex news for the European morning trading session 21 Sept 2017
News:
- ECB Monthly Bulletin: FX volatility is a source of uncertainty which requires monitoring
- RBA's Lowe : Rates more likely to go up than go down but not for some time
- RBA's Lowe says higher global interest rates will flow through to Australia over time
- S&P lowers China's rating to "A+/A-1", Outlook stable
- EU's Verhofstadt says there's not been enough progress in Brexit talks so far
- China says it will continue to strictly implement UN resolutions over North Korea
- BOJ's Kuroda says they still have a distance to 2% price target
- More from Kuroda: BOJ agreed current policy sufficient to meet price target but will adjust if needed
- More from Kuroda (2): Deflationary mindset remains strong in Japanese firms/households
- Norway's central bank leaves key interest rate unchanged at 0.50%
- Sweden's Riksbank Minutes: It would be risky to tighten monetary policy over and above what market has priced in
- Swiss government sees 2017 GDP at 0.9% vs 1.4% previous forecast
- ECB to publish new unsecured overnight interest rate before 2020
- New Zealand's ruling National Party retains lead over opposition Labour Party
- Latest Greek bailout review to be completed by year-end
- Forex option contract expiries for today 21 Sept
- UK government public sector borrowing still below OBR forecasts
- Strong baht has not affected exports this year but may do next year
- Trading ideas for the European session 21 Sept
- ForexLive Asia FX news wrap: BOJ announcement passes with barely a ripple
Data:
- Switzerland August trade balance CHF 2.173bln vs 3.494bln prev
- Japan July all industry activity index mm -0.1% as exp
Another busy session understandably as the post-FOMC fallout continues.
Here's the summary bullets:
- EUR demand sees EURUSD rally from 1.1885 to test 1.1920 offers/res and EURGBP up to test 0.8835 after holding 0.8800
- EURGBP demand helping to cap cable above 1.3500 but support/demand noted into 1.3470
- GBPJPY supply also helping to cap core pairs with USDJPY failing above 112.70 to retreat to 112.40
- AUDUSD falls from 0.8005 to 0.7925 on a combo of Lowe comments/China ratings downgrade/metal prices lower/USD demand
- USDCHF rallies to 0.9748 on general USD buying but capped by EURCHF supply into 1.1600 after strong rally
- USDCAD has risen to 1.2368 helped by lower oil prices along with the USD demand
- Gold has fallen from $1305 to $1291 in a general metal price retreat
Draghi speaking at 13.30 GMT
US data to come: