Forexlive European FX news wrap: A steady start to another week's trading

Author: Mike Paterson | Category: News

Forex trading news and economic data headlines 13 February 2017



Not the liveliest of starts to the week but with little coming out of the Trump/Abe golf game and little else of note by way of impact factors we shouldn't be too surprised.

Markets continue to range but there's opportunity nonetheless for the interested jobbers.

Someone gave the US$ a slap lower early on and that saw USDJPY below 113.50 after failing into 114.20 in Asia. The move forced EURUSD up to 1.0658 and GBPUSD up to 1.2540 but it was all short lived and we were soon back at 113.70, 1.0635 and 1.2520 and we've near enough been glued there since.

USDCAD had a look back above 1.3100 as oil fell only to retreat on a USD/oil reversal combo while AUDUSD and NZDUSD have been pinned down tightly too.

Equities opened on the front foot and have continued to make further gains but gold has failed to trouble the scorers to much.

No data to come and little scheduled rhetoric on the agenda but hey, markets have these lulls. Just make sure you're poised and ready to act when stronger moves return.