Forex and Bitcoin news from the European morning trading session 22 Feb 2018
News:
- Bitcoin rallies to break back above USD 10,000
- EU's Dombrovskis says possible cryptocurrency regulation to be discussed next week
- Both sides claiming victory after latest UK Brexit talks
- UK Brexit committee agreed basis of speech by May to EU next week
- Fickle finger of forex hits the pound. Again.
- GBPUSD fails into 1.4000 and EURGBP holds 0.8800 again
- Riksbank's Jansson says probability of raising repo rate is "very low"
- Trading ideas for the European session 23 Feb
- US Secretary of Defence Supports Commerce Department on Steel
- Nikkei 225 closes up +0.72% at 21,892.78
- Economic data coming up in the European session 23 Feb
- ForexLive Asia FX news: Japan CPI day - yen little changed
Data:
Mostly been a steady session but it's the pound grabbing the spotlight with some fast n frantic fat finger action.
Early USD demand faded as USDJPY failed into 107.20 and retreated to 106.85 and that saw GBPUSD reverse early losses down to 1.3925 and start a steady climb to post 1.3995 just shy off good offers and recent highs at 1.4000.
We paddled around a bit until 11.00 GMT (also a London fixing time) when, bam, the pound fell rapidly with GBPUSD down to 1.3903 from 1.3980, EURGBP up to 0.8839 and GBPJPY down to 148.64 among other pairs.
No prime movers noted so maybe fix/early month-end related but it wasn't long before we were back through 1.3950-80 to test 1.4000 again and EURGBP finally dropping through 0.8800. Keep up at the back!
Elsewhere EURUSD has been pinned around 1.2300-10 with some decent option expiry interest as too has USDCAD around 1.2700 with CPI data t 13.30 in focus too
Equities opened a little firmer and Bitcoin has staged a mini revival back through $10000
A few CB talking heads to follow on what might be a lively end to the week.
