Forex news from the European trading session - 30 January 2018

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A lively session that began with yen and swiss franc demand driving core pairs lower amid wobbly equity markets again only for a rapid turnaround and been underpinned since.

Consult your charts for all the p/a variables so far but here's a summary:

  • GBPUSD down to 1.3980 from 1.4030 helped by GBPJPY supply before reversing and posting 1.4137
  • EURUSD down to test 1.2330 support from 1.2350 then rapid surge to 1.2380 before taking out offers/res into 1.2400 and posting 1.2442
  • EURGBP down to 0.8795 from 0.8834
  • USDJPY down to 108.60 on yen demand after failing around 109.00 and lows of 108.50 as USD supply prevails
  • USDCHF back down to 0.9313 after failing into 0.9400 again. CHF safe-haven demand in play.
  • USDCAD slides to 1.2310 from 1.2375
  • AUDUSD rallies to 0.8110 from 0.8045
  • NZDUSD rallies to 0.7345 from 0.7280
  • Oil finding a few buyers after decent dip yesterday
  • Gold rallies on wobbly market sentiment/USD sales to post $1346 from $1336

German CPI at the top of the hour but no real surprises in store given the regional data already out. BOE gov Carney and ECB's Mersch both up to the mic later.