Forex news from the European trading session - 2 Feb 2018
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News:
- Bitcoin falls through USD 8000 as the slide continues
- Bitcoin extends losses on the day, down by more than 40% on the year
- Bitcoin's kimchi premium has turned into a discount
- Cryptocurrency ads are disappearing in China too
- Cryptocurrencies continue to tumble on the day
- US non-farm payrolls preview by the numbers
- More on that "Some ECB officials want clearer interest-rate guidance" story
- UK PM May wants to negotiate a flexible trade deal with EU - BBC
- UK trade secretary: Customs union is incompatible with post-Brexit vision
- Davis and Barnier to meet on Monday for more Brexit baloney
- FX option expiries for the 15.00 GMT cut - 2 Feb 2018
- Does latest round of CHF weakness have the SNB footprint all over it?
- Agreements signed this week with China worth more than £9 bn - UK govt
- The Bank of Korea finally has something to smile about
- ECB's Coeure says bank's actions during crisis were bold, unparalleled
- US dollar holds firm as we gear towards the jobs report laterB
- OJ policy may have to change eventually - SMBC strategist
- USD/JPY tries for a break to the topside
- European equity markets open lower 2 Feb
- AUD/NZD comes full circle on the final day of the week
- China said to be mulling over legalised gambling on Hainan - report
- Spanish jobless total rises by 63,747 in Jan
- RBA to hold cash rate steady at next week's meeting - Reuters poll
- Trading ideas for the European session
- Nikkei 225 closes lower by 0.90% at 23,274.53
- ForexLive Asia FX news: Bitcoin bounce, no it doesn’t, wait ... yes it does
Data:
- Eurozone December PPI m/m +0.2% vs +0.2% expected
- Italy January preliminary CPI m/m +0.2% vs +0.3% expected
- UK Markit/CIPS Jan construction PMI 50.2 vs 52.0 exp
- Spain January unemployment change +63.7k vs +52.5k expected
A session that's seen some USD demand return but with muted impact as US NFPs and options cast a shadow again. Cryptocurrencies have taken another tumble too.
EURUSD has fallen back to 1.2476 from 1.2518 with optioin expiries at 1.2500 and 1.2525 both having a say but we've also seen USDCHF up to 0.9311 from 0.9247 lows in Asia with the SNB in the frame again. EURCHF up to 1.1623 from 1.1580
GBPUSD capped around 1.4280 again in Asia and we've been down to test option-assisted support at 1.4200 on the general USD demand with EURGBP hanging around 0.8780.
USDJPY has been underpinned at 109.70 but has yet made no real test of 110.00 while USDCAD has made steady progress from 1.2280 to 1.2318.
AUDUSD remains on the back foot falling to 0.7976 from 0.8010 and NZDUSD down to 0.7345 from 0.7380 before finding some dip demand.
Bitcoin has fallen back through $8000 for the first time since November as the rout continues.
It's US NFPs at 13.30 GMT though that are taking centre stage. Here's what else is coming up:
