Forex trading headlines from the European morning session 12 Sept
News:
- PBOC says there’s already too much money floating around
- EU’s Dijsselbloem says he welcomes the ECB’s ABS programme
- German finance minister will wait to pass judgement on France messing with deficit cuts
- Russia’s Lavrov says EU latest sanctions have undermined the Ukraine peace process
- German investors clearing out of UK ahead of Scottish vote
- Germany won’t be joining any air strikes against ISIS
- BP shares jump sharply on possible “fat finger” trade
- Pistorius found guilty of manslaughter
Data:
- Q2 2014 eurozone employment 0.2% vs 0.1% prior q/q
- Eurozone industrial production July mm +1.0% vs +0.5% exp
- German wholesale price index Aug mm -0.2% as exp
- July 2014 UK construction output 0.0% vs 0.6% exp
- French current account deficit July EUR -2.2bln vs -4.6bln exp
- August 2014 Italian HICP final -0.2vs -0.2% exp y/y
- Spanish CPI Aug mm +0.2% vs +0.1% exp
- Italian industrial production mm -1.0% vs -0.1% exp
- Nikkei closes up 0.25% at 15,948.29
A funny ol’ session to close my time here this week. Plenty going on but all a bit scrappy too.
USD strength showed its hand most keenly versus AUD and CAD with the core pairs under pressure all morning to 5 month lows of 0.9043 and 1.1075 but we’ve seen small retreats on both to 0.9060 and 1.1040 since
USDJPY had once again failed ahead of the 107.50 barrier option defence and we’ve drifted off to 107.15 with USDCHF mostly pinned around 0.9350
EURUSD has made the short journey between 1.2920 and 1.2940 for the most part at the lower end but GBPUSD has failed to make headway above 1.6265 and has fallen to 1.6230 as I type as the latest Scottish poll result beckons.
Another busy session then and no doubt there’s more to come before we head out for the week-end
