Forex news from the European trading session - 26 January 2018
News:
- No daylight between Trump and Mnuchin on the US dollar - Reuters
- Trump expected to affirm his commitment to free markets in Davos speech - Reuters
- ECB's Coeure says last thing the world needs is a currency war
- Japan's Nishimura: Currency stability is important, will watch markets
- Cryptocurrencies taking a hit as Japanese exchange halts withdrawal and trading
- Japan's Aso: Expects BOJ to take steps to achieve price stability
- Japan PM Abe: BOJ is buying ETFs for monetary policy purposes
- BOE's Carney: UK economy is an 'outlier' in IMF forecasts
- More from Coeure: Renminbi gaining importance in trade invoicing
- Even more from Coeure: ECB wants to be patient and prudent on normalisation
- ECB's Villeroy: Recent volatility in the euro is a source of uncertainty
- XRP struggles to get above near-term resistance levels
- EU's Moscovici: Brexit is a lose-lose situation
- Hammond says latest data underscores resilience of UK economy
- Bank of Thailand governor: To be more stringent in monitoring the THB
- FX option expiries for the 10am NY cut - 26 Jan 2018
- Trump says he has a very good relationship with UK PM May - ITV
- Le Maire: Paris could overtake London as Europe's top financial centre within years
- Poloz: Considerable slack remains in labour market
- EU's Katainen: Trade agreement with UK will take time
- Merkel: Good framework created in exploratory talks
- Schulz says SPD will negotiate quickly and constructively
- China said to be considering a merger of its banking and insurance regulators
- China's banking sector faces major challenges
- USD/CHF walking on thin ice at the moment
- Different day, same story for the US dollar
- BTMU says USD is top-heavy against EUR and JPY
- Trading ideas for the European session - 26 Jan
- Nikkei 225 closes lower by 0.16% at 23,631.88
- ForexLive Asia FX news: Japan inflation still slow
Data:
- UK Q4 preliminary GDP y/y +1.5% vs +1.4% expected
- Eurozone December M3 money supply y/y +4.6% vs +4.9% expected
- France January consumer confidence 104 vs 106 expected
A session that's seen US$ sellers return after the Trump-inspired rally yesterday. Plenty of hot air from the cold slopes of Davos too.
Here's your p/a summary:
- GBPUSD up to 1.4285 from 1.4165 then down to 1.4245
- EURUSD up to 1.2485 from 1.2400 then down to 1.2425
- EURGBP down to 0.8725 from 0.8770 then rally capped at 0.8750
- USDJPY down to 108.85 from 109.50 then 109.25
- USDCHF down to 0.9325 from 0.9400 then 0.9350
- USDCAD down to 1.2310 from 1.2360
- AUDUSD up to 0.8085 from 0.845
- NZDUSD up to 0.7370 from 0.7330 then 0.7350
- Gold down to $1350 from $1356.50
- Oil finding dip demand after yesterdays USD-led tumble. WTI $65.25-65-75
US GDP your data risk coming up and Trump's keynote Davos speech and Fed head Bullard just before at 13.00 GMT. More speeches from Carney and Kuroda from 14.00 GMT
Busy session ahead.
