Forex news from the European morning session 19 January 2015

News:

Data:

It’s been a lively enough session which has seen the euro mainly in demand but no real USD trend

EURUSD opened up at 1.1555 and had a run to 1.1587 on some early profit taking with both EURJPY and EURGBP rallying and all led by a stabilising EURCHFwhich found some early support below 1.0000. Cue a euro dip lower again only to stage another move higher as investment flow data allayed a few fears and we saw EURUSD take out 1.1600 offers to post 1.1629 , EURGBP 0.7667 and EURJPY 136.20 before capping again

EURCHF though has chewed its way higher to post 1.0148 before finding a few sellers and USDCHF posted highs of 0.8751 from 0.8600 support before also retreating

USDJPY found some early demand below 117.00 as the Nikkei staged a late rally and we’ve since climbed back up to 117.41 as yen pairs find support generally

The USD picture has been mixed though with cross-plays the main feature and we’ve seen GBPUSD up to 1.5179 after early session lows of 1.5129 which has helped cap EURGBP rallies too. GBPCHF posted 1.3270 only to slip back as CHF pairs generally topped out.

AUDUSD has been stuck in a 0.8200-25 range with NZDUSD similarly tight in 0.7785-0.7800 while USDCAD has also traded within 1.1945-95 with cross-plays having an influence on these pairs too

US hols today so we shall get thinner as the day progresses and it remains to be seen whether traders have any appettite to take it on.