Forex news for the European morning trading on 17 Aug 2017
News:
- Markets shrug off dovish FOMC as USD demand returns
- Euro slides as option expiries cast more than a shadow
- Mission accomplished- EURUSD posts 1.1700 session lows
- UK make "sufficient progress" on Brexit talks by October to move to next phase
- Brexit: Britain consumer confidence rank in Europe falls from 2nd to 9th
- Forex contract option expiries for today 17 Aug
- China's SAFE says it will increase flexibility of foreign exchange rate
- Nikkei 225 closes down -0.14% at 19,702.63UK July retail sales mm 0.3% vs 0.2% exp
Data:
- Eurozone July CPI final mm -0.5% vs -0.5% exp
- Eurozone June trade balance NSA EUR 26.6bln vs 22.9bln exp
- France ILO Q2 unemployment rate 9.5% as exp
Another day another US$ sentiment and we've seen buyers return
Lots going on and too much to relay here move by move ( just check your 5-15m charts) but in essence we've seen euro selling across the board helped by large option contract expiries.
EURUSD has been down to 1.1690 from 1.1785 EURCHF down to 0.9095 from 0.9135, EURJPY down to 128.80 from 129.60 and EURCHF to 1.1320 from 1.1380. ECB Minutes awaited at 11.30 GMT
EURUSD 15m
GBPUSD was underpinned at 1.2875-80 by the EURGBP supply and had another look above 1.2900 after better UK retails headlines only to fall back as lower revisions kicked in. With EURGBP holding around 0.9100 and EURUSD still falling we've seen lows of 1;2857.
USDJPY has made steady progress to 110.22 from 109.80 and USDCHF up to 0.9680 but both capped by EURJPY and EURCHF sell interest.
AUDUSD has fallen back to 0.7917 from 0.7950 on the USD demand and with large option expiries helping to top n tail while USDCAD has rallied to test 1.2650 before retreating.
US data includes jobless claims, Philly Fed Index, Industrial production and Capacity Utilization.
