Forex news from the European trading session - 9 February 2018
News:
- Barnier says transparency is important to EU in Brexit talks
- Germany and France call for G20 action on cryptocurrencies
- US House begins vote to avert government shutdown
- Japan's regulator to allow Coincheck to resume withdrawals starting from Tuesday
- GfK report predicts significant increase in private consumer spending in Europe
- AUDUSD testing 0.7800 as large option expiries play out
- Pound under pressure again as GBPJPY resumes its retreat
- Markets calm as US equity futures lead the way
- China set to launch crude oil futures on 26 March - report
Data:
- UK December visible trade balance GBP -13.576 bln vs -11.55bln exp
- UK December manufacturing production m/m +0.3% vs +0.3% expected
- Italy December industrial production m/m +1.6% vs +0.8% expected
Wobbly times still with equities on the back foot but US futures making a few gains. Yen demand prevailing and GBPJPY supply has helped push the pound down with comments from Barnier providing another slap to help GBPUSD down to fresh session/recent lows.
Here's your p/a summary:
- GBPUSD failing around 1.3980 and falling to 1.3800
- EURGBP holding 0.8780 and rallying to 0.8872
- GBPJPY straight falls from 152.80 to 150.10
- EURUSD down to 1.2230 from 1.2280
- USDJPY up to 109.30 from 108.90 then down to 108.80
- AUDUSD up to 0.7800 from 0.7775 then back to 0.7780. Large option interest at 0.7800
- USDCAD up to 1.2621 from 1.2590. Jobs data at 13.30 GMT in focus
- NZDUSD up to 0.7235 from 0.7200
- Bitcoin ranging 8000-8500
Data coming up:
