Forex news from the Euopean morning session 8 July 2015

News:

  • Greece to make ESM request today
  • Tsipras says Greece will deliver "concrete proposals" to bridge the gap with creditors
  • EU's Moscovici says we must not turn our back on Greece
  • Greece looking to request 3 year ESM program - Livesquawk
  • ECB sees no shift of money out of the euro
  • ECB's Visco says they are ready to use all instruments at its disposal
  • ECB's Nowotny says bridge financing will only happen if there's a deal in sight
  • Tsipras gets a grilling from MEP's
  • Tsipras: It's a crucial time for Greece and Eurozone
  • ECB's Noyer says Greece is on the edge of catastrophe
  • EU's Dombrovskis says a comprehensive reform package is needed from Greece
  • Greece dismisses claims they are preparing IOUs to pay state pensions and wages
  • QE has succeeded in averting deflation says Nowotny
  • China says it is confident it can meet 2015 growth target
  • Australian treasury says it is closely monitoring developments in China
  • BOJ's Kiuchi sees little chance of Japan hitting 2% inflation even fiscal year 2017
  • Bank of France lowers Q2 GDP forecast to +0.2% vs +0.3% prev
  • Swiss pairs bounce - Eyes on the SNB
  • Preview: Osborne to slow the pace of spending cuts in UK summer Budget speech
  • UK Budget Preview (2) : Look for the ticking time bomb in the UK Budget. More from guest economist John Hearn
  • All aboard the yen train again
  • Option expiries 10am NY cut today 8 July

Data:

  • UK Halifax HPI June mm +1.7% vs +0.3% exp
  • US MBA mortgage market index 383.5 vs 366.5 prior
  • Japan's economy watchers index June 51.0 vs 53.2 exp
  • Nikkei 225 closes down -3.14% at 19,737.64

All eyes on Wales today as the fierce Ashes cricket rivalry between England and Australia gets underway but away from that we've had a lively session this morning

Euro found support early on but the thirst for yen buying continues at pace giving the pound another kick lower

More to follow