Forex news from the European trading session - 15 February 2018
News:
- Bitcoin fails to break above $10,000 at the first time of asking
- Pound still feeling some love as GBPJPY finds support again
- Litecoin gains traction among Dark Web users
- Swedish finance minister says important that EU sticks together in Brexit talks
- IMF's Lagarde says mission not accomplished when it comes to fixing Eurozone
- France "most likely" to support de Guindos in bid for ECB role - Reuters
- What's the new "normal" in markets right now?
- Yields are not what is driving the dollar right now, but that's okay
- France backs de Guindos' ECB candidacy - report
- Gold's recent rise is exacerbated by dollar weakness
- Fitch affirms New Zealand 'AA' rating; outlook stable
- The BOJ isn't the only central bank in Asia worried about currency appreciation
- Japan government may list nominees for BOJ governor on Friday - report
- Japan's Yamaguchi: No word from Abe on BOJ governor nominee
- FX option expiries for the 15.00 GMT cut - 15 Feb 2018
- Australia's PM Turnbull says Joyce made a shocking error of judgement
- European equities looking fine in trading today
- And the dollar selling continues as we dive into European trading
- EUR/USD breaks above 1.2500, eyes January high
- BTMU says USD/JPY needs higher US stocks to avoid a further drop
- Trading ideas for the European session 15 Feb
- Nikkei 225 closes up by 1.47% at 21,464.98
- ForexLive Asia FX news: Japan fin min says No to yen intervention
Data:
- Eurozone December trade balance SA EUR 23.8bln vs 22.3bln exp
- France Q4 ILO unemployment rate 8.9% vs 9.5% expected
- Italy December trade balance +EUR 5.25 bn vs +EUR 4.83 bn prior
- Spain January CPI m/m -1.1% vs -1.1% expected
- Japan December final industrial production m/m +2.9% vs +2.7% prelim
A steadier session than we saw post US CPI data yesterday and although USD sellers were in early control again we've seen a little demand return. Bitcoin tried to bust through 10,000 but failed and fell back.
EURUSD has posted highs of 1.2511 but since retreated to 1.2470 along with EURGBP to 0.8870 from 0.8900 and that's helped keep a bid under GBPUSD. The pair held around 1.4030 to rally and post 1.4078 highs also getting a lift from some GBPJPY demand before falling back to test 1.4050.
USDJPY posted new lows of 106.18 but has made steady progress since to 106.75 helped by firmer equities ( not that that correlation helped yesterday) and yen pairs generally have moved higher.
AUDUSD had a brief look above 0.7950 to post 0.7967 but was quick to retreat and post 0.7920 with large option expiries tomorrow already casting a shadow along with general USD demand.
USDCAD has had a look at 1.2500 from 1.2465 while NZDUSD has failed above 0.7400.
Bitcoin had a look at 10,000 but has since fallen back but holding 9600 atm
Equities higher but gold and oil both lower on better risk-on sentiment.
US PPI at 13.30 GMT your next data risk with more to follow.
