Forex trading news and economic data headlines 23 Nov 2016
News:
- UK Autumn Statement preview: Will Hammond stand up to scrutiny?
- BOE"s Forbes says levels of uncertainty can fluctuate as UK negotiates with EU
- EU Commission proposes tighter capital requirements for banks
- Russia has not yet received an invitation to 30 Nov OPEC meeting
- AUDUSD underpinned but running into sellers again
- Option expiries for the 10 am NY cut today 23 Nov
Data:
- Eurozone Markit mftg PMI Nov flash 53.7 vs 53.3 exp
- Germany Markit mftg PMI Nov flash 54.4 vs 54.8 exp
- France Markit mftg PMI Nov flash 51.5 as exp
- US MBS mortgage approvals 5.5% vs -9.2% prior
It"s been a subdued session for the most part as traders await the UK Autumn Statement and US data out a day early as markets prepare for the Thanksgiving holiday.
Large option expiries have contained EURUSD in a 1.0600-1.0650 range again while GBP pairs found sellers with little to cheer the bulls from Hammond"s statement shortly. GBPUSD has fallen to 1.2368 from 1.2420 before traders took some money off the table and we"re back to 1.2400 as I type with EURGBP retreating back to 0.8565 from 0.8594 highs having opened at 0.8560.
More summary to follow.
ForexLive European morning FX news wrap:
ForexLive European morning FX news wrap:
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