Forex and cryptocurrency news from the European morning trading 19 Mar 2018
News:
- EU Brexit press conference on its way at 11.45 GMT
- Brexit transition terms agreed but Irish issues remain
- Ireland wants assurance from UK that it won't 'backslide' on border issue
- EU convenes 'urgent' Brexit meeting with member state envoys - Reuters
- Ireland's Coveney says Brexit negotiations are moving forward
- Pound pairs feel the love on hopes of positive Brexit presser
- More on the EU Brexit meeting announced earlier
- UK's Johnson says that the Russians 'aren't fooling anyone'
- Russia says UK will have to produce evidence for its spy poisoning allegations or else apologise
- WTO chief says trade environment is very risky at this point in time
- EUR/GBP extends decline, falls to 3-week low
- Thailand's central bank is studying use of wholesale
- Bitcoin recovers from lows ahead of G20 meeting digital currency
- Big week ahead for sterling
- Russia says it is committed to see OPEC cuts deal through to the end
- The signs are not looking good for US equities today
- BOJ's government debt holding hits record in Q4 last year - report
- Equities taking a tumble as S&P 500 futures slide to lowest levels on the day
- SNB total sight deposits w.e. 16 March CHF 575.9 bn vs CHF 575.9 bn prior
- Economists raise Euro-area growth forecast over next two years - survey
- Trading ideas for the European session 19 March
- AUD/JPY flirts with danger at key support level
- Iron ore slide provides little relief for the aussie
- China's housing minister says property market remains stable overall
- BMI Research says Moritomo scandal imperils Abe's chance to stay past 201
- 8DBS says the aussie is to be pressured by Fed rate hike
- Nikkei 225 closes lower by 0.90% at 21,480.90
- ForexLive Asia FX news: Minor forex moves for Asia Monday
Data:
- Eurozone January trade balance €19.9 bn vs €22.3 bn expected
- Italy January total trade balance EUR -87m vs 5.249bln prev
- Italy January industrial production mm -1.9% vs -0.6% exp
All about the pound, yen and Brexit today.
GBPUSD was gently underpinned around 1.3935 in early trading but talk of a Brexit transition deal being announced at 11.45 GMT presser has accelerated the GBP demand.
GBPUSD
USDJPY found support below 105.70 again and with GBPJPY buying the order of the day all three pairs have posted strong rallies to 1.4048, 106.18 and 149.05.. As markets wait on the full detail some money coming off the table as I type.
GBPJPY
Meanwhile USDCHF has remained underpinned with GBPCHF demand outstripping EURCHF supply and EURGBP falling to post 0.8754 from 0.8803.
AUDUSD and NZDUSD have failed to impress while USDCAD has been down to 1.3125 from 1.3080 on CADJPY demand.
Bitcoin opened higher in Asia and held relatively steady since between $8200-400
Nothing of note on the data slate but US Fed's Bostic due to speak at 13.40 GMT
