Forex news from the European morning session 21 Oct


  • Greek capital controls could be lifted in Q1 2016
  • Spain's Rajoy says he's convinced they will meet deficit goal in 2016
  • Greek 2014 general govt budget deficit revised to 3.6% of GDP
  • BOE says will keep UK stress tests focussed on larger banks
  • Fitch lowers Fonterra credit ratings
  • Capitalism. Is it worth fighting for? More from guest economist John Hearn
  • SNB in the frame again as CHF pairs jump higher
  • Option expiries 10am NY cut today 21 OCT


  • UK PSNBR Sept GBP+8.6bln vs +9.6bln exp

  • Japan all industry activity index Aug mm -0.2% as exp

  • Nikkei 225 closes up +1.91% at 18,554.28

It's been a session that has offered a bit of opportunity but we're still none the wiser on trend/direction

The euro had an early dip then spike to 1.1378 only to fall back again to 1.1345 as USDCHF and EURCHF surged higher to 0.9580 and 1.0880 from 0.9535 and 1.0840 with the SNB in the frame again but also talk of a large GBPCHF buy order

That move saw EURGBP give up early gains to 0.7374 but failing there once again to fall back and post 0.7343 with GBPUSD finding some love again to 1.5455 after an early test below 1.5420

USDJPY had a rally/fall on Nikkei gains/losses but all minimal while AUDUSD fell from 0.7270 to 0.7211 before running into buyers again. NZDUSD similarly fell from 0.6740 to test 0.6700 before rising again to 0.6730

USDCAD rose to test 1.3020 again from 1.2975 before falling back and now waiting on BOC decision later so let's see what the N American session brings