European Morning Wrap: Euro Has Pretty Good Morning Amid Some Decent European Economic Data

Loading...
Loading...
Swiss Q3 GDP +0.6% q/q, +1.4% y/y, stronger than Reuters' median forecasts +0.2%, +0.9% respectively Swedish Q3 GDP +0.5% q/q, +0.7% y/y,  demonstrably stronger than Reuter's median forecasts +0.1%, +0.4% respectively Euro zone November economic sentiment rises to 85.7 from 84.3 in October, better than Reuters' median forecast of 84.2 German November sa jobless total rises 5K to 2939 mln, better than median forecast of 15k.  Jobless rate unchanged at 6.9%, as expected UK CBI retail sales +33 in November, demonstrably stronger than Reuters' median forecast of+18 highest read since June Nationwide November house prices unchanged m/m -1.2% y/y, slightly weaker than Reuters' median forecasts +0.1%, -0.9% respectively BOJ's Shirai: BOJ will continue easing until 1% inflation is in sight How neuroscience can explain your trading risk profile Australian bond purchases near peak - WSJ European stocks doing well, eurostoxx up just over 1%.  Best performing market Italy's FTSE MIB, up an impressive 1.7%.  Gold and oil have posted marginal gains, whilst eurozone periphery govt bond yields have continued their sojourn lower.  All's right with the world, at so far today. EUR/USD up at 1.2990 from early 1.2950, hasving been as high as 1.2994, the move accelerating when buy stops tripped through 1.2970.  EUR/JPY up at 106.65 from early 106.40. Talk of 'decent' sell interest lined up at 1.3000, buy stops through 1.3005. USD/JPY very quiet, off 7 pips from early 82.15. Pairing taking a little rest after all the recent excitement. AUD/USD about 10 pips easier at 1.0460 from early 1.0470. Aussie importer sell orders remain clustered up at 1.0480/90,  barrier option interest at 1.0500.
Loading...
Loading...
Market News and Data brought to you by Benzinga APIs
Posted In: NewsForexGlobalMarketsTrading Ideas
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...