Forex news for the European morning trading session 20 Sept 2017
News:
- BOE Agents Report: Demand growth has slowed across a number of consumer-facing sectors
- Germany's Fuchs says EURUSD level is "reasonable"
- EU 's Dombrovskis says it's important that Greece meets 3.5%/GDP surplus target
- Latest poll from 1 News has ruling National Party regaining lead in NZ election poll
- China says it's incorrect to think they are not doing enough about North Korea
- Forex option contract expiries for today 20 Sept
- Part of London financial district evacuated
- OECD keeps 2017 world economic growth forecast at 3.5%
- AUDUSD rallies strongly with large options in play but sellers poised
- Trading ideas for the European session 20 Sept
- Nikkei 225 closes up 0.05% at 20,310.46
- ForexLive Asia FX news wrap: C’mon Janet!
Data:
A less volatile session than the roller-coaster ride we saw this time yesterday but still some decent opportunities still.
- GBPUSD rallies sharply from 1.3520 to 1.3595 then second wave to 1.3608 after UK retail sales data before sellers appear to kick it back down into 1.3520
- EURGBP down to 0.8827 from 0.8880 before rebounding to 0.8885 then falling back to 0.8860
GBPUSD 15m
EURGBP 15m
- AUDUSD up to 0.8020 on large option defence of 0.8000 then sharp spike to test 0.8050, retreat to test 0.8030 pivot before rally to 0.8059
- NZDUSD rallies sharply to 0.7375 from 0.7320 on latest election poll result showing govt regaining lead
- EURUSD fails on an attempt at 1.2025 and returns to sit near 1.2000 option expiry level
- USDCAD steady retreat to 1.2240 from 1.2280
- USDCHF steady retreat to 0.9595 from 0.9630 as EURCHF fails above 1.1550 again
- USDJPY early rally from 111.35 fails above 111.50 but retreat holds 111.20
- Gold falls from $1315 into $1312]
- Oil tightly bound. WTI trading between $50.20-60
US housing data at 14.00 GMT main focus is FOMC at 18.00 GMT
As always on these occasions be ready with your preferred levels of entry/exit and let Yellen/algos present the opportunities.
