Session Wraps - Major Forex Headlines wrapped up by trading session

Author: Eamonn Sheridan
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Forex news for Asia trading Friday 24 November 2017

There was not a lot of movement in the forex here in Asia today. Japan returned from a holiday Thursday to find the yen much stronger, this was reversed just a very little throughout the course of the session (as I update). USD/JPY is up 25-odd points, with yen crosses higher alongside. EUR/JPY moved back above 132.00.

The Bank of Japan reduced their JGB buying today (compared with the previous operation in the 25+ year maturities. You'd sort of expect that to be yen bullish (even if just a little) ... but ... nope.

EUR/USD is barely changed on the session, as is USD/CHF. Cable has lost a few points only.

Ditto on the barely changed for AUD, while NZD/USD is down a few points. Trade data from New Zealand earlier in the session showed a larger than expected deficit (October) on the back of higher imports. The import figure seems to have been an aircraft-related lumpiness and likely not to be repeated next month.

China today:

  • The PBOC set the onshore yuan reference rate at its strongest (for the CNY) since October 12.
  • The net cash injection into money markets was 20bn yuan.

If either was aimed at bouncing the stock market, nope, not yet:


Although it has not fallen hard today (as of updating)

Regional equities:

  • Nikkei +0.15% (weaker yen giving it a bit of a helping hand along)
  • Shanghai -0.59%
  • HK +0.35%
  • ASX -0.12%

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Author: Adam Button

Forex news for North American trading on November 23, 2017:

Markets:

  • EUR leads, CAD lags
  • Toronto TSX down 3 points to 16,070

US Thanksgiving is usually one of the quietest days of the year in the forex market and it earned the reputation today. Markets were generally flat.

The exception was USD/CAD, which rose 40 pips on soft retail sales numbers. The weak reading extends a string of soft Q3 numbers ahead of next week's GDP data. The pair rose to a session high of 1.2725 immediately after the data but sellers capped it there and it drifted to 1.2704 before finishing at 1.2716.

The euro benefitted from strong PMIs earlier in the day and climbed 30 pips to 1.1856 and is poised to finish near the best levels of the day. A close here would be the best in a month.

Otherwise, pairs are closing within 20 pips of today's starting levels. Markets may be a bit more lively on Friday with some US traders checking in.

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Author: Mike Paterson

Forex news for the European morning trading session 23 Nov 2017

                       Happy Thanksgiving to our US readers
News:
Data:
An orderly session that's seen the euro extend gains as hopes of a German coalition deal rise and the US dollar remains on the back foot post-FOMC. Euro bulls also hoping to get a positive reading from the ECB Minutes due at 12.30 GMT

USDJPY has remained near Asian lows 111.07 , failing to get back above 111.30 while USDCHF has given up on defence of 0.9800 to post 0.9795 from 0.9820. USDCAD has also extended losses first begun two days ago on large option expiries and now been down to 1.2673 from 1.2710.

EURUSD has made steady progress from 1.1825 to test 1.1850 offers/res but found the level a tough nut to crack so far. EURGBP has posted 0.8909 from 0.8900 but fallen back a little as GBPUSD rallies to 1.3312 from 1.3283 lows having fallen from 1.3330. Better UK CBI retailing data helping the recovery.
                                             EURUSD underpinned but sellers poised

EURJPY has rallied from 131.50 to test 131.80 but falling back as I type. AUDUSD found a base around 0.7610 and been up to 0.7639 while NZDUSD moved up from 0.6875 to 0.6906 before finding fresh supply.

Equities opened wobbly after Chinese stock markets suffered large losses but the DAX has led the way higher as hopes of a deal in Germany rise.

Oil steady while gold had a lift up from $1288 to $1294 before levelling out as equities firmed.

US markets closed for Thanksgiving but we do have Canadian retail sales on the horizon at 13.30 GMT and some CB talking heads in the mix.



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Author: Eamonn Sheridan

Forex news for Asia trading Thursday 23 November 2017

Asia got an early jump on the US Thanksgiving Day holiday with not too much movement in forex.

Data flow was light, with New Zealand Q3 retail sales (a beat but well down on the blowout result in Q2), Singapore Q3 GDP and a few other items only.

News flow was light indeed.

The NZD popped a few points higher on the retails sales report. There was only 10 or so points in it for NZD/USD and it soon fully gave it all back  before drifting 10 points the other way. AUD/USD has also had a tiny range on the session.

Yen crosses were a little more active, EUR/JPY triggered a few stop loss sells under its overnight lows (very late NY time lows) and then rapidly (in the context of the session at least) bounced back for a range of around 60 points.  

USD/JPY dropped a few points at the same time and bounced at the same time, for a range of around 30-odd points.

EUR/USD is net 15+ points up from its lows on the session. USD/CHF is barely changed while Cable has ticked up a little from early lows in a small range.

Europe/UK time should provide some activity, reminder - its ECB Minutes day:

US markets will be closed for the holiday.  

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