Forex news from the European morning session 13 April 2015
News:
- German govt declines to comment on reports they are preparing to keep a defaulted Greece in the Eurozone
- Germaneconomic upturn should continue at moderate rate
- France's Sapin sees debt at 96.3% of GDP in 2015
- Spain's Rajoy says budget deficit to fall below 3% next year
- IEA raises 2015 global oil demand growth forecast by 90k to 1.08bln bpd
- Japan's Aso says a positive cycle in economy is being created
- BOJ's Kuroda says QQE having intended effects
- ECB Preview: Will Draghi be pulling another rabbit out of the hat today?
- Option expiries 10am NY cut today 15 April
Data:
- German CPI March final mm +0.5% vs +0.5% flash
- Eurozone trade balance Feb sa EUR +22.0bln as exp
- Nikkei closed down -0.2% at 19,869.76
Markets have been in jittery mode ahead of the ECB announcement and presser coming up shortly. The greenback has recovered a few of its losses since US retails sales yesterday and it's the euro that has taken most of the pain
EURUSD has fallen to 1.0571 from a spike to 1.0660, EURGBP has tested good support around 0.7180 from 0.7215 and EURJPY down to 126.34 from 127.45
USDJPY has suffered again under the strain and posted 119.33 from 119.70 while USDCHF has seen its own rally from 0.9720 tempered by EURCHF selling and capping at 0.9772
GBPUSD has found support from the EURGBP selling but still had a fall of its own to 1.4700 before bouncing back above 1.4750 and overall the pound has enjoyed a good session
USDCAD has seen a steady rise to 1/2544 from 1.2480 and AUDUSD has been on the back foot below 0.7600 on more AUD\NZD selling which has tempered NZDUSD falls
Bring on Draghi!