Forex news from the European trading session - 15 February 2018



A steadier session than we saw post US CPI data yesterday and although USD sellers were in early control again we've seen a little demand return. Bitcoin tried to bust through 10,000 but failed and fell back.

EURUSD has posted highs of 1.2511 but since retreated to 1.2470 along with EURGBP to 0.8870 from 0.8900 and that's helped keep a bid under GBPUSD. The pair held around 1.4030 to rally and post 1.4078 highs also getting a lift from some GBPJPY demand before falling back to test 1.4050.

USDJPY posted new lows of 106.18 but has made steady progress since to 106.75 helped by firmer equities ( not that that correlation helped yesterday) and yen pairs generally have moved higher.

AUDUSD had a brief look above 0.7950 to post 0.7967 but was quick to retreat and post 0.7920 with large option expiries tomorrow already casting a shadow along with general USD demand.

USDCAD has had a look at 1.2500 from 1.2465 while NZDUSD has failed above 0.7400.

Bitcoin had a look at 10,000 but has since fallen back but holding 9600 atm

Equities higher but gold and oil both lower on better risk-on sentiment.

US PPI at 13.30 GMT your next data risk with more to follow.

Buy the dip on Bitcoin? Five insights from the ASAC Fund.