ForexLive morning news wrap: Nothing too scary as month-end fails to cast its spell, yet.

Forex news for the European morning trading session 31 Oct 2017                              Happy Halloween one and all
News:

  • Russia denies it interfered with US presidential election
  • Catalan leader Puigdemont to hold press conference from Brussels
  • ECB’s Visco says they will remain very accommodative after QE recalibration
  • BOE warns that UK financial sector could lose 75,000 jobs after Brexit
  • BOJ’s Kuroda says downside risks to prices are larger
  • More from Kuroda: Abnormal yen rises that deviate from fundamentals would hurt economy
  • More from Kuroda (2): Nonsense to tighten policy now to deal with future risk
  • BOJ to mantain current pace of bond buys in November
  • SNB 2017 9-month profits CHF 33.7bln
  • Forex option contract expiries for today 31 Oct
  • Trading ideas for the European session
  • Stay tuned for Wednesday’s NZ employment report — preview
  • Canadian data due today — preview of August GDP
  • More Australian politics — Senate President thinks he is a dual citizen, may resign
  • Nikkei 225 closes unchanged at 22,011.61
  • ForexLive Asia FX news wrap: BOJ day but kiwi steals the limelight   

Data:

  • Eurozone Oct CPI estimate yy 1.4% vs 1.5% exp ( GDP and Unemployment data here too)
  • France Oct CPI flash mm 0.1% as exp
  • France Q3 GDP flash qq 0.5% as exp
  • Italian Oct provisional inflation data showing softer tones
  • Italy Sept unemployment rate provisional 11.1% as expected
  • China Sept services trade deficit USD 22.2bln
  • Japan Sept construction orders yy -11.6% vs -10.6% prev

It may be Halloween but there’s been nothing too scary about the markets so far.
EUR pairs have seen mixed fortunes amid a raft of data that saw EZ CPI softer but GDP and jobless a tad better.
EURUSD had an early move up to test 1.1650 from 1.1625 only to drop back there into/on the CPI data and we’ve been steady since. Options at 1.1600 set to support.                                                     EURUSD 15mEURGBP had a look at 0.8820-30 offers/res but gave up and dropped back to post 0.8794 before also steadying while EURJPY has nudged its way up to 131.86 from 131.50 as USDJPY survived a look below 113.00 to post 113.43 so far. Option expiry demand also notable.
The EURGBP supply has helped underpin GBPUSD which had a look below 1.3200 but has since been steady around 1.3215 after the rally failed at 1.3224
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