Forex trading news and economic data headlines 16 March 2017
Did the Dutch result change the minds of French pollsters in the latest Opinionway poll?
1 person injured in explosion at IMF office in Paris - Livesquawk
UK Parliament calls for a plumber to look into data leaks
Queen officially gives formal approval on Brexit Bill
Greek reforms continue to pay off as unemployment jumps in Q4 2016
February 2017 Eurozone CPI final 2.0% vs 2.0% exp y/y
How keen will the dip buyers be to keep EURUSD up here?
Rejection of FX manipulation is likely to remain in final G20 statement says Schaeuble
SNB leaves rates unchanged at March 2017 meeting
Europe starts brightly as the FTSE cracks the record high
ECB's Liikanen: Growth in the Eurozone has become more broad based
There is some range on the long-term yield target says Kuroda
Breaking news: Greece's Tsipras could tout new elections within days
Kuroda: There is still some distance to the 2% target
Japanese economy continues its moderate recovery as a trend says BOJ's Kuroda
PBOC raises more rates
February 2017 Japan machine tool orders final 9.1% vs 9.1% flash y/y
European session trade ideas 16 March 2017
Economic data due 16 March 2017
More on the PBOC hikes today: China lifts short-term rates for 3rd month straight
Reuters on US President Trump's budget plan
Australian February job report - more responses
Australian February job report - JP Morgan with a response
There's an air of hangover around FX markets today after the Fed moves yesterday. USDJPY had been sitting in a pretty tight range between 113.13 and just shy of 113.50 and the BOJ meeting didn't produce any action either. The only move of note was during the Kuroda presser when he mentioned that there was some range on the yield target. There was no further detail and the comment came at the end of his presser so there may have also been some comment anticipation disappointment. The move saw USDJPY dip 9 pips under 113.00 with more pronounced moves in the yen crosses. It didn't take long to completely reverse those, nor make new session highs in most cases.
EURUD is managing to hold above 1.0700, which is a first important step in maintain the Fed rally. The lack of a push on towards the recent highs around 1.0740 will keeps longs nervous as we play a tight range. European stocks and bonds seem to be cheering the passing of the Dutch election risk but the former is probably just playing some catch up from US stocks yesterday.
The SNB was a snore-fest, as usual but CHF pairs have been weaker after, though EUR CHF is just continuing from where it left off last night, and is currently knocking at the 1.0700 door, right where support sat yesterday. If the SNB were "smoothing" things into the Fed, the lack of support today my be aiding the slow trawl south.
AUDUSD is knocking up around a popular resistance point at 0.7700 but the indecision in the market right now means everyone is looking at everyone else for inspiration.
Anyway we're off to the BOE in a moment for another central bank meeting and then we'll see how the US takes to the FOMC now they've had a chance to sleep on it.
