Forex news from the European morning session 10 April 2015
News:
- BOJ's Nakaso: Additional monetary easing is unnecessary as long as there is no change to underlying trend of inflation
- BUBA's Dombret says further assistance to Greece can only be granted if it applies sound public finances
- Option expiries 10am NY cut today 10 April
- Cable fall could be tempered by barrier-option talk
- CAD in focus as option expiries and jobs data cast their shadow
- Morning everyone - Farewell Richie
Data:
- UK industrial production Feb mm +0.1% vs +0.3% exp
- Swiss unemployment rate March unadj 3.4% vs 3.5% exp
- French industrial production Feb 0.0% vs -0.1% exp
- Spanish industrial output Feb unadj yy +1.1% vs-2.0% prev
- Nikkei 225 closes down -0.15% at 19,907.63
Another busy session with good two-way business but recent trends prevailing
EURUSD has fallen to 1.0589 lows from 1.0680 and GBPUSD to 5-year lows 1.4623 from 1.4720 accelerated by weaker UK production data
EURGBP tested support at 0.7220 but then ran back up to 0.7261 on the UK data release only to fall back to 0.7235 as euro and pound compete for bottom place again. EURJPY has fallen to 127.37 from 128.60 capping USDJPY at 120.63
USDCHF has enjoyed another ride higher from 0.9755 to test 0.9800 but it too has seen its rise tempered by EURCHF dropping to 1.0372 from 1.0430
USDCAD has been in focus enjoying some USD love from 1.2580 to 1.2636 but caution prevails ahead of Canadian jobs data and then a huge option expiry at 1.2600 later
AUDUSD has slipped back from 0.7705 to test bids into 0.7660 and has a large option expiry of its own at 0.7700 today while NZDUSD has also given up some recent gains falling to 0.7528 from 0.7580
Lively times again and there's definitely more to come before the week finally closes
