Forex trading headlines from the European morning session 20 Dec

On a data-packed day we’ve had plenty of other considerations too as the headlines tell us.

The pound has had a mixed session on the compensating data with GBPUSD surviving an early attack on 1.6320 support only to rally to 1.6366 on the GDP improvement. With c/a data out at the same time it wasn’t long before we back down at 1.6335 and we’ve been 30-50 since.

EURUSD similarly survived a move on 1.3620 support and has since looked only wanted up to 1.3668 shrugging off an S&P ratings cut. EURGBP has edged higher to 0.8363 after holding 0.8330 support while EURJPY has looked in demand all session.

USDJPY finally broke up through 104.50 as the Nikkei closed on session highs but has failed to follow through despite triggering some stops as expected. Tight range since around 104.45

AUD, NZD and CAD all similarly in tight mode.

Roll on Xmas !