Forex news for the European morning trading on 23 Aug 2017
News:
- Draghi says policy that has foundation in rigorous research is less prone to being impaired
- EURCHF continues to extend to the upside
- Cable breaks 1.2800 but buyers poised
- Is EUR strength finally weighing in on stocks?
- The two currencies at the opposite ends of the spectrum today
- German 10y bond sale yield 0.41% vs 0.49% prior auction
- Kiwi continues to tumble as Europe enters the fray
- Forex option contract expiries for today 23 Aug
- US secretary of state Rex Tillerson says North Korea's restraint may lead to negotiations
- China's July crude oil imports from Russia up +54% yy at 1.17mln bpd
- China's Jan-July exports to North Korea up +32.5% yy
- China's robot army beginning its march
- Moody's say Australian government debt will rise but remain moderate compared to other AAA sovereigns
- Is gold poised for a move to the downside?
- USDJPY touching session lows, support levels nearby
- Trading ideas for the European session 23 Aug
- Morgan Stanley recommends going long in Russian ruble against the dollar
- Nikkei 225 closes up 0.26% at 19,434.64
- Are you ready for the new iPhone?
- ForexLive Asia FX news wrap: USD/JPY higher again, until ...
Data:
- August Eurozone Markit manufacturing PMI 57.4 vs 56.3 expected
- August Germany Markit manufacturing PMI 59.4 vs 57.6 expected
- August France Markit manufacturing PMI 55.8 vs 54.5 expected
- Japan July machine tool orders yy final 28.0% vs 26.3%
The euro has grabbed most of the spotlight even if Draghi's supposedly "keynote" speech was a damp squib, but plenty going on elsewhere too.
EURUSD has risen to 1.1795 EURGBP to 0.9214, EURJPY 129.06 as softer USD, better PMI data and underlying demand all chipped in to produce a decent session for the euro.
GBPUSD was already capped into 1.2850 and drifting around 1.2825 when the EURGBP demand pushed the pair down to 1.2791 with GBPJPY down to 139.95 as USDJPY retreated from 109.60 again to post 109.20
USDCHF has failed at 0.9700 and retreated to 0.9665 with EURCHF also falling back to 1.1400 from 1.1424 after an early rally from 1.1380
AUDUSD tightly bound between 0.7880-00 mostly with NZDUSD continuing its Asian retreat down to 0.7206 before finding fresh buyers and post 0.7228
USDCAD failed into 1.2600 again in general softer USD-neg sentiment.
Fed's Kaplan up to the mic (again) and a little data to come to throw in the mix.
