Forex news from the European morning session 26 June 2015



Not total shutdown but it sure feels like it as we wait for any outcome on Greece

Too many unknowns on Grexit impact means traders are playing safe, or already heading out on their summer hols.

EURUSD had a gentle run up from 1.1190 to test offers at 1.1220 but gave up and has been pinned around 1.1200 again with a similar theme in other euro pairs

GBPUSD took out offers around 1.5750 but found the next batch at 1.5780 a step too far and has drifted back to 1.5730, where it started, from 1.5768 highs

USDJPY found support at 123.20 and has found a comfort blanket around 123.50 with USDCHF testing 0.9300 bids on swiss franc safe-haven demand which has also seen EURCHF test 1.0420 bids

USDCAD has been treading water around 1.2340 while AUDUSD and NZDUSD have both edged lower to test bids at 0.7685 and 0.6860

Enough movement to make a few intra-day pips but the elephant in the room has yet to fully reveal itself