ForexLive European FX news wrap: US jobs and wages data casting usual shadow. Option expiries too.

Author: Mike Paterson | Category: News

Forex and cryptocurrency news from the European morning trading 9 Mar 2018

A quiet session overall as markets wait on the latest US NFPs and wages data at 13.30 GMT. Bitcoin has fallen again but found support around $8500. Trump and Kim definitely to meet.

USDJPY has been mainly 106.75 stuck right in the middle of large 106.50-107.00 option expiries with yen pairs similarly tightly bound.

EURUSD has also been contained by extensive option interest but drifted to 1.2290 from 1.2310 with EURGBP dipping to 0.8890 from 0.8915 and helping to underpin GBPUSD to post 1.3825 from 1.3810.

USDCHF and EURCHF have both seen some money come off the table

USDCAD has seen a bit more action and yep also has large option contracts in play. Lows of 1.2870 posted from 1.2910 openings. AUDUSD has been pinned around 0.7800 while NZDUSD similarly around 0.7275.

Bitcoin continued it's retreat to test $8500 before finding some dip demand again and heading back up to $9000

 All eyes on the US data at 13.30 GMT though.