Forex trading headlines from the European trading session 26 February
- UK Q4 GDP second reading q/q +0.7% as exp. y/y +2.7% vs +2.8% exp/prev
- UK Q4 business investment q/q +2.4% vs +2.0% prev
- BOE’s Dale says no interest rate hikes planned anytime soon
- BOE’s Broadbent says receding Eurozone risks helping UK recovery
- German GFK consumer sentiment March 8.5 vs 8.2 exp
- Italian wage inflation Jan m/ +0.6% vs 0.0% prev
- Swiss UBS consumption indicator Jan 1.44 vs 1.8 prev
- US MBA 30year mortgage rate 4.53% vs 4.5% prev
- Russian rouble trades at 42.00 vs eur-usd basket for first time
- PBOC says overall market liquidity is ample
- China’s SAFE says current two-way fluctuation in yuan is normal
- BOJ’s Ishida not worried about impact of sales tax hike
- Nikkei closes down -0.54% at 14,970.97
- Shanghai comp index closes up +0.35% at 2041.25
Granted that it’s all kicking off in Ukraine and Russian troops are reported to have been told by Putin to get “combat-ready” I am referring of course to the price action in the major pairs this morning.
GBPUSD has been 1.6680-90 for the most part after one quick look above 1.6700 and a dip pre-GDP data to 1.6677, EURGBP pinned around 0.8230 and EURUSD around 1.3730.
USDJPY is stuck at 102.34 and USDCHF 0.8870-85 on the wide.
AUD, NZD, and CAD all in tight range too.
Large option expiries today having compression impact along with Vodafone deal still casting its giant shadow.
Let’s hope we break out soon
