Forex news from the European morning session 22 June 2015

News :

  • EU's Junker: Doesn't know if we'll get a deal today
  • EU's Moscovici says latest Greek proposals are solid
  • A deal with Greece is unlikely but it could be a step towards a solution in coming days
  • French fin min Sapin says Greek deal must be "global" and "durable"
  • Germany still aiming to keep Greece in Eurozone
  • German finance ministry wants Greece to request a bailout extension - Die Welt
  • Greeks send wrong docs to EU monitors again
  • Greece denies sending wrong documents/proposals
  • Greek deposit withdrawals have pre-orders for EUR 1bln today
  • Kuroda says BOJ isn't financing government deficits
  • BOJ monthly report says Japan's economy has continued to recover moderately
  • New Zealand PM Key says RBNZ gov Wheeler is doing a good job
  • Equality or inequality? - More from guest economist John Hearn
  • Another broker falls victim to the SNB cap pull
  • Option expiries 10am NY cut today 22 June
  • Nikkei 225 closes up +1.26% at 20,428.19

Data: None

All eyes on the highly anticipated/hyped arrival of the circus arriving back in town to try and see how many more cans they can kick down the road

And yep, once again we have a pile of rhetoric of differing opinion and the conclusion that nothing will be sorted today, in case anyone asleep for the past year had just woken up

Euro looked quite perky early on with EURUSD edging up to 1.1404 before the reality (was it of a no-deal-todayever going to be any different?) sent the pair down to 1.1343 in rapid time and then later 1.1312 before the bargain hunters came back in to take us back to 1.1266. Other euro pairs have seen a similar pattern

Overall we've seen USD demand with USDJPY holding 122.70 to post 123.35 and GBPUSD now down to 1.5815 as EURGBP held 0.7130 to bounce back to 0.7175

USDCHF has rallied from o/n lows around 0.9160 to 0.9222 but there's some safe-haven CHF demand still which is weighing on further progress with EURCHF running into sellers again above 1.0460

USDCAD has bucked the USD demand trend to fall from 1.2265 to 1.2228 as oil price firmed up. NZDUSD has found itself on the back foot again to 0.6873 after failing to hold gains above 0.6920 with AUDNZD rising from 1.1220 to 1.1290 giving AUDUSD a little support but also on the back foot into 0.7750

Only US existing home sales on the data calendar today which as with all data now will be keenly awaited for FOMC clues but it's a real mess out there right now