Forex trading news from the European morning session 15 Oct
News:
- Japan’s Katori says there is no delay in GPIF governance and portfolio reforms
- US deputy trade rep says she is encouraged by latest TPP talks with Japan
- Draghi says ECB must integrate statistical and supervisory data
- Central bank of Russia raises rouble corridor by 35 kopecks
- Bank of Italy’s Rossi says Italian reform path is “unpredictable”
- Russia to start forex deposit auctions within a month to help combat rouble volatility
- Putin to discuss Ukraine and gas transit with Merkel in Milan
- Oil and the economic balance explained
Data:
- September 2014 UK Labour report claimant count -18.6k vs -35.0k exp
- German CPI Sept final mm 0.0% vs 0.0% exp
- Spanish current account surplus July EUR +1.4bln vs +1.12 bln prev
- Japanese industrial production Aug final mm -1.9% vs -1.5% prev
- Swiss ZEW survey expectations Oct -30.7 vs -7.7 prev
- US MBA mortgage market index 370.4 vs 350.7 prior
- Japanese machine tool orders Sept final 34.7% vs 34.8% prev
- Nikkei closes up +0.92% at 15073.52
Opportunity has once again graced us with its presence this morning in a decent session for prices moves, but we’re not really any the wiser at the end of it.
The pound has had most of the spotlight with GBPUSD having an early dip below 1.5900 again having capped above 1.5920 only to rally again to 1.5940 after slightly improved jobs/wages data, but that was short lived and we fell back to 1.5895 before running out of sellers and popping back t0 1.5930. EURGBP has pinged around between 0.7935-67
EURUSD has been a lot tighter with large option expiries casting a shadow but also caught in cross play crossfire.
USDJPY had a move up to 107.50 from 107.20 only to run into fresh offers and retreating gracefully to have a look at the fresh bids at 107.00. Yep it’s been that kind of morning.
USDCHF has had a quieter session along with EURUSD with EURCHF stuck around 1.2075 while USDCD surged again to look at the 1.1375 offers before retreating only to punch through again as I type.
AUDUSD and NZDUSD have been tighter between 0.8715-45 and 0.7825-45 respectively
Time to see what our friends across the pond make of it all
