Technical Analysis

ForexLive Europe/UK FX news wrap – US PPI and consumer sentiment data still to come


  • Forex news for Europe/UK trading on Friday, 9 December 2022
Eamonn Sheridan

It
was a relatively sedate session, traders are looking ahead to a busy
central bank driven week coming up next week with the Fed, Bank of
England and European Central Bank. Even today there was a focus
on US data with November PPI and December Michigan Sentiment ahead in
the coming hours.

The
USD firmed a little after losing some ground in Asia. Ranges were not
large.

Oil
popped a little (and, as I update, has not followed through) with
news that China is to sell 750bn yuan of bonds to fund an economic
boost. China news has been optimistic all week as reopening moves are
made and further support is provided to the troubled property sector.

CAD was weak:

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