Forex trading headlines from the European morning session 4 April
News:
- China’s SAFE says emerging markets could see massive capital outflows
- US Fed’s Fisher says forward guidance is a a complicated tool
- Fed’s Fisher says Chinese holdings won’t determine Fed action
- UK’s Hague says Europe must not relax in preparing tougher sanctions on Russia
- Ukraine in emergency talks to import gas from European neighbours
- BOE’s Haldane says asset managers can be too big
- Merkel sees first progress on Greece’s difficult path
- Irish central bank cuts 2014 GDP forecast to 2.0% from 2.1%
- JPM’s Frenkel says data shows US is recovering
News:
- German industrial orders Feb m/m +0.6% vs +0.1% exp
- UK Halifax HPI March m/m -1.1% vs +0.7% exp
- Eurozone retail PMI March 49.2 vs 48.5 prev
- Nikkei closes down 0.05% at 15,063.77
- Shanghai Composite Index closes +0.74% at 2058.83
Much as I would love to add some colour to the bland landscape this morning that’s something beyond even my aged powers of imagination!
EURUSD had a look below 1.3700 but failed to trigger stops below 1.3695 and has sat at 1.3705 for duration while USDJPY has been pinned around 103.93. GBPUSD drifted to 1.6568 from 1.6583 only to quickly bounce from whence it came .
USDCHF took out a few more offers to post highs of 0.8935 but has since sat around 0.8925 while EURCHF has been glued to 1.2230-35.
AUD, NZD and CAD have all similarly failed to trouble the scorers around 0.9242, 0.8540 and 1.1020 respectively.
Get the picture? Yep, it’s been dire with just the drip drip drip of the newswires to keep things ticking over.
Roll on NFPs and let’s just hope it’s not an over-hyped dud, but the market really feels tired right now.
