Forex news for European morning trading on June 19 2017
News:
- Brexit minister Davis says UK wants "new, deep and special partnership" with EU
- ECB's Smets says they will decide on QE before year-end
- One person is confirmed dead after another London attack
- Moody's downgrades Australia's main banks to AA3
- Saudi Arabia says oil market needs to time to rebalance
- Japan's Abe says he will strive to boost jobs, income and generate positive economic cycle
- IMF says Japan's accommodative policy also needs strong structural reform
- ECB publishes rules on ELA in a bid to "increase transparency"
- SNB total sight deposits w-e 16 June CHF 577.44bln vs 576.40 bln prev
- Forex option expiries for the 10am New York cut 19 June
- More option expiries of note this week 20-23 June
- Nikkei 225 closes up +0.62% at 20,067.75
Data: None of note
A data-free and largely steady session to start the week but not one without opportunity.
Early USD demand saw USDJPY up to 111.20 from 110.95 and AUDUSD down to 0.7585 from 0.7610 helped by Moody's downgrading of Aussie banks.
Euro supply was notable from the outset too as equities opened firmer and EURGBP down to 0.8734 from 0.8760 gave a lift to GBPUSD up to 1.2815 from 1.2788 before a reversal of that move later in the session.
USDCHF came lower to test 0.9700 support/demand as EURCHF fell back through 1.0900 to 1.0866. NZDUSD enjoyed some early support but that pair also gave up gains with talk of Moody's reassessing NZ banks too.
USDCAD has found support around 1.3220 as oil slide after an early rally.
Fed's Dudley out at 12.00GMT the next risk event of note but no data.
