Forex trading headlines from the European morning session 30 July
News:
- ECB says Q2 net demand for consumer credit increased substantially
- ECB’s emergency liquidity lending hits four month high
- BOE comes down hard on bank bonuses
- EU sanctions to only hit EU based Russian banks
- Germany’s Gabriel says they are aware that German economy may suffer from Russian sanctions
- Spanish Q2 GDP flash q/q +0.6% vs +0.5% exp
- Swiss KOF indicator July 98.1 vs 101.00 exp
- Saxony CPI July y/y +0.8% vs +0.9% prev
- Hesse July CPI y/y +0.6% vs +0.9% prev
- Brandenburg CPI July y/y +0.9% vs +0.9% prev
- Bavaria July CPI y/y +0.7% vs +0.7% prev
- July 2014 eurozone economic sentiment 102.2 vs 101.8 exp
- US MBA mortgage market index 341.7 vs 349.4 prior
- French consumer confidence July 86 as exp
- Irish unemployment rate July 11.5% vs 11.6% prev
- Swiss consumption indicator June 2.06 vs 1.80 prev
It’s been an understandably quiet session given the FOMC decision/statement later but one in which we’ve see USD gains in most pairs albeit in tight ranges.
EURUSD finally popped the 1.3400 option barrier support from 1.3410 to post 1.3394 only to return above 1.3400 where it’s stayed since. GBPUSD had a quick dip below 1.6930 from 1.6940 but it came to nothing as decent bids scared off any further sellers while EURGBP has been pinned between 0.7910-20 for duration
USDJPY has chewed its way through a few offers from 102.15 to post 102.28 but 102.30 still presents further resistance while USDCHF had another look at the 0.9080 offers before retreating back t0 0.9074
USDCAD had a look above 1.0870 fr0m 1.0860 only to drop back to from whence it came while AUDUSD drifted from 0.9375 to 0.9363 with NZDUSD having the morning off around 0.8505
Bring on the FOMC with a nod first to German CPI, and US ADP followed by Q2 GDP flash
