Forex news from the European trading session - 22 January 2018
News:
- Not an "exciting" day for Bitcoin so far
- Nvidia asks retailers to prioritise gamers over cryptocurrency miners
- Bitcoin's kimchi premium is slimming down
- Wall St old-timer Peter Boockvar says 90% of Bitcoin's value could get 'wiped out'
- Taiwan may include Bitcoin trading in anti-money laundering rules - report
- German SPD leader Schulz: SPD, CDU and CSU party leaders to meet this evening
- UK will leave the EU customs union- PM May's spokesman
- A little heads up that there's a Eurogroup meeting today as well
- Bundesbank report: German economy continues to expand at a very high rate
- Iraqi oil minister: Oil market is heading in the right direction
- Catalonia parliamentary speaker proposes Puigdemont as candidate for new regional head
- Kuroda still favourite for a second term as BOJ governor - Bloomberg survey
- S&P's Kraemer: If shutdown drags on, it might influence Fed's tightening cycle
- UBS Wealth Management raise EURUSD forecast to 1.2500 in Q1 vs 1.1800 prev
- Cable looks poised to make another run at the year's highs
- EUR/JPY looks to resume uptrend but resistance levels lurk nearby
- Dollar loses a bit of ground as the European trading session gets underway
- Equities market not too concerned by US government shutdown
- AUD/USD nears session highs as buyers look for a firm close above 0.8000
- USD/JPY hits intra-day high as buyers look to regain control
- SNB total sight deposits w.e. 19 Jan CHF 574.7 bn vs CHF 573.8 bn prior
- Trading ideas for the European session 22 Jan
- Nikkei 225 closes up by 0.03% at 23,816.33
- ForexLive Asia FX news wrap: USD a little lower early but recovered
Data:
- Switzerland December M3 money supply y/y +3.2% vs +4.4% prior
- Japan December convenience store sales y/y -0.3% vs -0.3% prior
A steady session as fx pairs continue to range/consolidate as indeed do cryptos. Not a lot of news to shake things up in Europe but we have seen a few opportunities nonetheless.
EURUSD gapped higher at the Asian opening but since those highs of 1.2275 we've been down to 1.2214 before finding buyers once again to test 1.2265. EURGBP has been tightly bound again as has been EURJPY but a few pips to be had still.
GBPUSD had an early look above 1.3900 from 1.3875 openings but failed into 1.3920 and has since lurked around 1.3900.
USDJPY failed into 111.00 and has since been back to 110.65 before finding buyers again while USDCHF gave up some of Friday's gains and fell to 0.9593 from 0.9630. USDCAD drifted lower from 1.2495 into 1.2460 despite softer oil prices.
AUDUSD has had another look above 0.8000 but capped at 0.8018 while NZDUSD has made also made steady progress o 0.7311 from 0.72Y0
Bitcoin has been mostly steady but seen a drop again to session lows into $11200 in the last hour or so.
No data of note to come but there is a Eurogroup meeting today from which we might expect a few headlines later.