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Restricted ranges, keeping focus on China.....>

FOREX
FOREX: Restricted ranges, keeping focus on China
-AUD was somewhat firmer following a speech from RBA governor Lowe, who appeared
to rule out any unconventional MonPol (i.e. QE) unless rates slipped to 0.25% in
Australia - which seems unlikely. AUD/USD edged up to $0.6795, but was unable to
top the $0.68 handle or trouble the 50-dma. GBP was the weakest in G10 as
markets eyed further gains for the opposition Labour Party in opinion polls.
-Once again it was a pretty dismal session among the majors, with EUR/USD
trading inside a 17 pip range across the Asia-Pac to US sessions. US data failed
to nudge the needle, with trade balance and new home sales meeting an
uninterested market. Comments from President Trump did, however, keep JPY under
pressure, after he stated the US-China trade deal has entered the 'final
throes'. This helped US equities hit another record high.
-The US data docket is particularly busy as releases are front-loaded ahead of
the Thanksgiving holidays. US GDP, weekly jobless claims, durable goods orders,
personal income/spending, pending home sales and the MNI Chicago PMI are all due
Wednesday. ECB's Lane speaks. YouGov's MRP poll crosses at 2200GMT.
Energy BulletsCommodities
Energy BulletsCommodities

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