Mike Paterson

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ForexLive morning news wrap: Good two-way business to be had

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Forex news for the European morning trading session 30 Nov 2017
News:
Data:
A busy session that’s provided good two-way trading opportunities across a wide range of pairs

The post ForexLive morning news wrap: Good two-way business to be had appeared first on Forex news forex trade.

Euro demand in the dips helps cap cable

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Euro dip demand notable at the moment again 30 Nov
Large EURUSD between 1.1840-45 providing an attraction again from lows of 1.1809 earlier. EURGBP up from 0.8776 to 0.8804 and that’s helping GBPUSD down to challenge support/demand around 1.3440

The post Euro demand in the dips helps cap cable appeared first on Forex news forex trade.

CAD under pressure still as OPEC meeting gets underway

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Soggy times for the loonie 30 Nov
Markets expecting a 9-mth extension to oil output cuts but the devil as always is in the detail and that we don’t know as yet with the latest meeting just getting underway.

The post CAD under pressure still as OPEC meeting gets underway appeared first on Forex news forex trade.

Italy Nov CPI yy provisional 0.9% vs 1.1% exp

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Italy Nov CPI provisional data also out 30 Nov
– 1.0% prev
– mm -0.2% vs 0.0% exp vs -0.2% prev
– HICP
Missing expectations too
The post Italy Nov CPI yy provisional 0.9% vs 1.1% exp appeared first on Forex news forex trade.

Eurozone Nov CPI estimate yy 1.5% vs 1.6% expected

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Eurozone Nov CPI estimates now out 30 Nov
– 1.4% prev
– Core CPI yy advance 0.9%  vs 1.0% exp vs 0.9% prev
Soggy readings with core CPI also not meeting expectations. Headline CPI a tad better than prev at least
The post Eurozone Nov CPI esti…

Saudi Arabia expects everyone to implement output cut extension

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So says Saudi energy minister 30 Nov
– my preference is for a 9month extension
– important to have consensus
– don’t think we need to consider deeper cuts
– premature to talk of exit strategy
The post Saudi Arabia expects everyone to implement output c…

EURGBP orders 30 Nov – In retreat again

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Currently 0.8783 after 0.8777 lows
Helping to underpin cable again
Month-end demand always a threat but I think it’s done already as per my GBPUSD post. Might find some support from EURUSD option-related demand.
The post EURGBP orders 30 Nov – In…

GBPUSD orders 30 Nov – Underpinned still but sellers poised

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Currently 1.3468 after finding support around 1.3450 earlier
Hopes of Brexit deal still underpinning.
Nice dip to 1.3375 area in NY that I had highlighted yesterday to take profit/buy more longs. Have re-created some small shorts above 1.3470 but not l…

The post GBPUSD orders 30 Nov – Underpinned still but sellers poised appeared first on Forex news forex trade.

USDJPY orders 30 Nov – Underpinned again

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Currently 112.44 just on session highs
Yen selling plus USD demand sees the pair underpinned again
I’ll look to sell again if 112.50-60 holds or wait til 80-00 but I’m in no rush
The post USDJPY orders 30 Nov – Underpinned again appeared first on…

Germany Nov unemployment change -18k vs -10k exp

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German Nov unemployment report now out 30 Nov
– -12k prev revised from -11k
– jobless total down to 2.478mln
– unemployment claims rate SA 5.6% as exp/prev
Better than expected jobless report sees EURUSD still around 1.1845 and EURGBP holding 0.88…

The post Germany Nov unemployment change -18k vs -10k exp appeared first on Forex news forex trade.

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