Forex news headlines and trading data 17 July 2015

  • May 2015 Eurozone construction output 0.3% vs 0.3% prior m/m

  • Greek exit could increase risk of political contagion says EU's Tusk
  • ECB's Nowotny: It's not certain whether Greek banks will open Monday
  • Debt relief is needed to make Greek accord more viable says Lagarde
  • Euro states rule out a nominal haircut for Greece says Dombrovskis
  • China Agency may have ¥2.5-3tn war chest to support stocks - Updated with further details
  • Germany's Bundestag vote today is the last big hurdle for Greek bailout - Here's the timeline
  • ECB forecasters raise GDP and HICP higher
  • Merkel: Europe has seen some of its most dramatic days
  • Schaeuble: Give Berlin go ahead to negotiate 3rd package for Greece
  • Several technical issues remain before reopening Greek banks
  • China raises gold reserves for the first time since April 2009
  • Austria gives the thumbs up to Greek deal
  • Forex option expiries for the 10am (15.00 GMT) New York cut
  • Pound lifted early as London traders digest Carney's FT comments with their bacon sarnies
  • EURJPY playing nicely with the tech
  • USDJPY could rise to 126 when the Fed pulls the trigger - Mitsubishi UFJ

Everyone was brushing up on their German today as the market turned its attention to the German bundestag and the vote on Greece

EURUSD has done nothing all morning in a 34 pip range between 1.0873 and 1.0907. We're waiting for the vote to start at 11.00 gmt and although a yes vote is expected, the market may just be waiting for confirmation before making a move

GBPUSD was up early doors as London traders read the latest hawkish remarks from Carney over breakfast. We probed the 1.5650 highs from yesterday and then pushed through to 1.5673. We've since come off the boil to test 1.5600 as the market runs out of reasons to carry the rally on

USDJPY is having a lazy Friday and the slide through the 124.23 Asia high found support 2 pips ahead of 123.90. From there we've managed a massive ball breaking rally to 124.13

Not a lot to write home about as we head into the US session. Inflation and housing data from the yanks may change that, as may the German vote announcement, when it comes

As I conclude the wrap the Germans are still "debating" Greece before they vote. We await the balloons going up to announce the result

For anyone checking out now for the weekend I hope you have a good one