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ForexLive European morning FX news wrap: Month-end it may be but focus remains elsewhere

Forex trading news and economic data headlines 31 October 2016

News:

Data:

Month-end it may be but we haven't seen any real fun and games as yet. Attention remains on the US Fed and NFPs this week, with the on-going Carney announcement to throw in the mix too.

GBPUSD had failed to get back above 1.2200 and remained mostly on the back foot with EURGBP stuck around 0.9000 for the most part. UK PM May has come out with her endorsement of Carney but we wait to see whether he'll stay or go in 2018.

EURUSD has been dribbling lower all session after failing to get back above 1.0980 and so far posted 1.0944 lows with euro sellers generally prevailing. USDJPY found support below 104.80 and eventually chewed back above 105.00 but without making much headway as yen demand prevailed.

USDCAD failed around 1.3420 as EU-Canada trade deal brought in some Asian CAD demand but fresh sellers have emerged as oil retreats and USDCAD has based below 1.3380.

AUD and NZD have done little of note.

Equities showing a softer start to the week.

Don't forget the UK and Europe pushed their clocks back by 1 hour over the week-end. UK now GMT.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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