Forex trading news and economic data headlines for the European session 22 June 2016
News:
- Putin says Russia is "duty-bound" to increase readiness for combat
Brexit:
- ECB's Liikanen says they will deal with any Brexit vote outcome
- ECB's Hansson says Brexit would dampen global consumption
- Brexit preview (Part 384): It's going to be long night say BoA Merrill
- The ForexLive Brexit countdown: The finish line is in sight
- Which GBP pairs will move the most on the Brexit result outcome?
- Credit Suisse would lower year-end FTSE forecast to 6200 if Brexit poll voters choose Leave
- EU's Costello says second Greek bailout review will be challenging
Other:
- Option expiries 10 am NY cut today 22 June
- Nikkei 225 closes down -0.64% at 16,065.72
Data:
- US MBA mortgage applications 2.9% vs -2.4% prior
- Switzerland ZEW survey expectations June 19.4 vs 17.5 prev
A session dominated by Brexit again and while the pound has enjoyed an up "n" down morning it's the euro that's come out on top.
Early action saw some early GBP demand taking GBPUSD up from 14685 to 1.4716 in a rush ( no particular reason cited) and testing offers/res around 1.4720.The rally was short lived though and with EURGBP holding 0.7650 again we saw cable sold off below 1.4650 with EURGBP eventually testing 0.7700 as euro demand prevailed.
EUR
More summary to follow.
