ForexLive European FX news wrap: Trump, trade, options and May dominating the landscape

Author: Mike Paterson | Category: News

Forex and Bitcoin news from the European morning trading session 2 Mar 2018

Wow, what a session .

BOJ Kuroda kicked it all off in Asia with some less than dovish yen comments and we saw further yen demand with USDJPY down to 105.60 from 106.20

That set the tone for a softer dollar but then Trump woke up and tweeted defiantly on trade to cue further USD losses in rapid fashion.

EURUSD had remained underpinned at 1.2250 with large option interest still in play but has now posted 1.2323, USDJPY 105.27, GBPUSD 1.3810 from 1.3780 having held 1.3760 but capped by EURGBP demand up to 0.8934 from 0.8905

USDCAD has been up to 1.2869 from 1.2830, AUDUSD up to 0.7770 from 0.7745, with USDCHF falling to 0.9338 from 0.9400.

Bitcoin failed into $11200 but has held $10800

Oil has fallen again as have equities but gold has found a few buyers after the week's solid decline.
UK PM May makes her latest keynote Brexit speech in London at 13.30 GMT, options rolling off at 15.00 GMT and data wise we have:

By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose