Forex news and economic data headlines 13 September 2016



A session that started quietly but once again ended up offering some decent opportunities for the intra-day traders.

USDJPY had found a base into 101.75 but also a top at 102.00 until a short while ago when stops got triggered to send it on rapid rise to 102.31 sending yen pairs higher with it.

The pound had seen some decent EURGBP buying interest ahead of the UK inflation data which had in turn sent GBPUSD below 1.3300 but without triggering moves lower. The data was soft but had little immediate reaction with the market already short but another wave of EURGBP demand sent GBPUSD through 1.3295 triggering stops into the next layer of support at 1.3275.

After wiping its feet we had a look at 1.3250 with EURGBP testing 0.8470 as EURJPY made its way higher too. Cable though struggled to get back above 1.3275 and that's signalled a retreat to 1.3250 again with EURGBP still heading higher.

Oil had a tumble on the monthly IEA report that lowered demand growth forecasts and USDCAD has enjoyed the ride higher to 1.3108 from 1.3050.

AUDUSD and NZDUSD have both remained underpinned without setting the world alight

Nothing left of note on the data calendar but that won't stop us seeing a few more opportunities before the day is out.