Forex news from the European morning session 26 February 2015
News:
- BOJ's Kuroda says Japan needs to hit price target soon to change expectations
- Kuroda says BOJ is co-ordinating with govt on policy as needed
- BOJ's Ishida says he has no difference with Kuroda on policy adjustment
- Germany's CDU party vote in favour of Greek extension in test ballot
- Fed's Bullard says Yellen is not politically biased toward Democrats
- Central bank gov Stournaras says Greek banks have sufficient capital base
- Greeks taking it back to the bank
- Don't get bullish on Greek bank deposit news just yet
- PBOC lowers funding lending rate to small businesses
- Bundesbank will push for higher interest rate as soon as possible says Dombret
- Spain's de Guindos says Q1 2015 GDP is growing at more than 2.0% y/y
- French govt says there will be no tax increases
- End of month flows playing a part in today's moves
- Option expiries 10am NY cut today 26 Feb
- German GFK consumer confidence March 9.7 vs 9.5 exp
- German unemployment change Feb -20k vs -10k exp
- Q4 2014 UK GDP 2nd release 0.5% vs 0.5% exp q/q
- Eurozone M3 money supply Jan yy +4.1% vs +3.7% exp
- February 2015 Eurozone economic sentiment 102.1 vs 101.9
- Italian wages jump in January
- Swiss industrial output WDA Q4 yy +2.7% vs -0.4% prev
- Italian retail sales Dec mm -0.2% vs -0.1% exp
- February 2015 Italian business confidence 99.1 vs 98.0 exp
- Nikkei225 closes up +1.08% at 18,785.79
It's been a morning of consolidation mainly, some talk of month-end flows and some unexpected demand for the AUD after weak capex data sent it tumbling in Asia
Euro has largely been on the back foot again but as in other pairs the ranges are tight still with 1.3335-75 covering it, EURGBP 0.7303-18, and EURJPY now falling to session lows of 134.67 having mostly been 134.90/20
EURAUD has seen sharp falls as the Aussie $ finds a good deal of rebound love on stronger metal prices,rate yield et al and we've seen the pair fall to 1.4354 and AUDUSD posting 0.7913 after 0.7840 lows.Ditto the AUD strength in other related pairs too
GBPUSD has made a steady fall from early session highs around 1.5535 to so far post 1.5510 while USDCHF and USDJPY have both enjoyed some support in what has been mostly been USD+sentiment
USDCAD has made steady gains to 1.2479 from 1.2390 with oil prices first rising then falling a tad and NZDUSD has enjoyed a ride higher with its close cousin to 0.7614 from 0.7540
A real mixed bag then as we now wait on US CPI data for our next set of clues
