ForexLive European FX news wrap: Good two-way trading in busier session

Author: Mike Paterson | Category: News

Forex news from the European trading session - 13 February 2018


USD supply generally prevailing still but that's not been the whole story and we've seen good two-way opportunity.

Here's your p/a summary:
  • GBPUSD up to 1.3925 from 1.3870 in second wave buying after stronger CPI data but since in retreat again and heading back through 1.3880 as I type.
  • EURUSD underpinned above 1.2300 but capped by EUR cross plays
  • EURGBP failed into 0.8900 and fell back to 0.8858 as GBPUSD rallied
  • USDJPY on the back foot posting 5mth lows of 107.42 but since found a few buyers
  • USDCHF underpinned around 0.9330 with SNB in the frame. Ditto EURCHF at 1.1500
  • AUDUSD has large options casting a shadow but has dropped from 0.7870 to 0.7845
  • USDCAD tightly bound but rallying to 1.2590 after 1.2570 support
  • Bitcoin on the back foot mostly testing support lines
  • Equities in Europe on back foot .US futures too mostly
  • Oil finding a bit of demand after yesterday's retreat
                                                  GBPUSD in up n down mode today

No data of note to come . Just US Redbook w-e 9 Feb at 13.55 GMT

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