Forex news from the European trading session - 18 January 2018
News:
- South Korean regulator in cryptocurrency insider trading probe
- A timely rebound for Bitcoin?
- BUBA's Weidmann says reduced German growth potential could lead to lower long-term rates
- More details on the China data release earlier from the NBS
- China's NBS director: Quality of China's statistics are improving
- BOJ seen keeping long-term interest rate target unchanged in 2018 - Reuters poll
- China isn't the only one to drop holdings of US Treasuries
- USD supply prevailing again as we wait on NA desks to open
- OPEC say 2018 global oil demand growth to rise 1.53mln bpd vs 1.51mln prev forecast
- FX option expiries for the 10am NY cut - 18 Jan 2018
- More from the Bank of Korea: GDP growth seen at 2.9% in 2019
- PIMCO says investors should fear the lack of fear in markets
- US Treasury yields are on the move again
- JBA chairman: No sign of overheating in Japanese economy
- OPEC and Russia's oil pact may be working too well
- CHF demand notable in European trading session
- Jury is still out on EUR/USD today
- AUD/USD remains underpinned but buyers are still finding trouble near 0.8000
- The dollar is losing some of its allure
- Trading ideas for the European session 18 Jan
- Nikkei 225 closes lower by 0.44% at 23,763.37
- ForexLive Asia FX news wrap: The bitcoin bounce was sustained in Asia
Data:
- China Q4 GDP y/y +6.8% vs +6.7% expected
- Japan November final industrial production m/m +0.5% vs +0.6% prelim
Another lively session albeit not as volatile as previous 24 hours. Cryptos find some dip demand and CHF buying also notable amid general USD supply
Here's your p/a summary:
- Bitcoin finds support below 11,000 and rallies to test 12,000
- GBPUSD supported into 1.3820 to rally and post 1.3891
- EURUSD supported below 1.2200 again and posts 1.2253
- USDJPY failed to get above 111.50 and retreats to 111.20
- USDCHF falls steadily to post 0.9592 from 0.9655
- EURCHF fails to climb back over 1.1780 and falls to 1.1733
- AUDUSD rallies from 0.7940 lows again to test 0.8000 only to fail again
- NZDUSD makes steady progress from 0.7260 to 0.7302
- USDCAD mostly flat lined between 1.2435-60 with jury still out on BOC
Bitcoin
- Oil trading a little softer with WTI sell interest around $64.00
- Gold gently better bid between $1328-1332
SAR interest rate decision coming up at 13.00 GMT then US data and ECB's Coeure speech that might have impact in these ever fragile conditions.
