Forex trading headlines from the European morning session 12 June
News:
- UK’s Osborne set to tackle alleged Forex market manipulation
- RBNZ’s McDermott says rates expected to go up another 0.5% this year
- ECB monthly report says officials are “strongly determined” on price stability
- Kiel’s IFW says ECB decisions have raised financial stability risk
Data:
- French CPI EU-norm May final 0.0% vs +0.1% exp
- April eurozone industrial production 0.8% vs 0.4% exp m/m
- German wholesale price index May m/m -0.1% vs +0.2% prev
- French current account April EUR -1.6 bln vs -1.5 bln prev
- Q1 2014 Greek unemployment rate 27.8 vs 27.8% prior
- UK mortgages rise 6.2% in April
- Nikkei closes down 0.64% at 14,973.53
An early wrap today as I’m out of the door to Lords for the England cricket match and catch up with Chef, Andy B and a few others plus some of my old city boys
So in a nutshell we’ve seen a decent session where NZD got a further lift on post-RBNZ comments with NZDUSD rising to 0.8685 and the pound decided from the off that what doesn’t go down ( at least too far down) must go back up so GBPUSD has once again tested strong resistance at 1.6840 from a 1.6795 opening.
EURGBP has helped the cause with a drop to 0.8033 with EURUSD posting weekly lows at 1.3513 and EURJPY testing 137.80 bids
USDJPY and USDCHF have had the morning off and now my taxi beckons
Have a good day out there.
