Forexlive European FX News wrap: Euro a little flaky as we wait on ECB

Forex trading news and economic data headlines 27 April 2017

News:

• Merkel agrees that Brexit talks can only begin after UK elections


• German inflation could make Draghi feel hot under the collar today


• Preview: Have the ECB enough ammunition to cause any upsets today?


• WE ARE READY says EU"s Barnier


• Debt relief will be needed for Greece says Dijsselbloem


• BOJ"s Kuroda says they will adjust policy if needed to maintain price target momentum


• More from Kuroda: Expects wages to continue rising in Japan


• Even more from Kuroda: Inflation expectations are weak and trend will be closely monitored


• Le Pen starts to turn the screw on Macron in Opinionway poll


• SNB reports Q1 profits of CHF 7.9bln


• RBA"s Lowe says house prices in Australia affected by inflow of Chinese money


• Oil market rebalancing is heading in the right direction says OPEC"s Barkindo


• USDCAD on the rise again as option expiries cast their shadow


• Sweden"s Riksbank leaves repo rate at -0.5% but extends QE by SEK 15bln


• Singapore central bank - economic outlook improved slightly


• Option expiries for the 10 am NY cut today 27 April


• Nikkei 225 closes down -0.19% at 19,251.87

Data:

• April 2017 Eurozone economic sentiment 109.6 vs 108.1 exp


• Saxony April CPI mm -0.1% vs +0.2% previously


• Brandenburg April CPI mm -0.1% vs +0.3% prev


• April 2017 German NRW CPI 2.1% vs 1.7% prior y/y


• April 2017 German Baden W CPI 2.0% vs 1.6% prior y/y


• Germany May GFK consumer confidence 10.2 vs 9.9 exp


• April 2017 UK CBI distributive trade sales 38 vs 6 exp


• Spain April CPI flash mm 1.0% vs 0.9% exp


• March 2017 Italian non-EU trade balance 4.14bn vs 1.72bn prior


• Italy April mftg confidence 107.9 vs 107.3 exp


• Switzerland March trade balance CHF +3.1bln vs 3.12bln prev

EURGBP the biggest faller but generally there"s some money coming off the table as we wait for the ECB policy announcement and presser.

More summary to follow.

Forexlive European FX News wrap: Euro a little flaky as we wait on ECB
Forexlive European FX News wrap: Euro a little flaky as we wait on ECB
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