Forex news from the European morning session 22 Oct



All eyes on the ECB of course but we've had a busy session with the euro, pound and swiss franc all having their moments in the spotlight

The session started with USDJPY sliding to 119.62 from 119.80 as the Nikkei turned south but then it was all about the euro as European equity softness gave support

EURUSD edged up toward 1.1350 from 1.l335 with EURGBP and EURJPY failing to really respond but then, as the DAX/others turned positive it was down and further down for the euro

So far we've seen a test of 1.1300 and below 0.7300 for EURBBP accelerated by better than expected UK retails which saw GBPUSD test 1.5510 again having already front-run the data by moving from 1.5435 to 1.5460

The strong headline was tempered by lower revisions and the fact that the ONS cited rugby related beer/food sales as a significant factor in the figure

We've since seen GBPUSD back to 1.5465 and EURGBP up to 0.7318

USDCHF and EURCHF both surged higher in the session with the SNB being cited again while USDCAD has had the morning off around 1.3120

AUDUSD and NZDUSD have both had their wobbles but found support in the dips

All eyes firmly on ECB now