Forex and Bitcoin news from the European morning trading session 28 Feb 2018
News:
- EU's Barnier says draft Brexit withdrawal text approved for release
- More from Barnier: Brexit transition is not a given
- Pound lower as EU Brexit draft offers little support
- EU's first publication of legal draft on Brexit withdrawal on its way
- CFTC clears employees to trade cryptocurrencies
- UK's Johnson says Irish border issue is being used to frustrate Brexit
- EU's Barnier starts committee meeting ahead of keynote speech
- Bundesbank's Thiele says they are prepared for end of negative rates - report
- ECB's Hansson says ECB will continue along announced policy path
- Cable looks jittery as we await Barnier and EU-Brexit first legal draft
- BOJ's Kuroda says easing is to achieve price target
- FX option expiries for the 15.00 GMT cut - 28 Feb 2018
- BOJ talks on policy normalisation will come by more frequently
- BOJ says it plans to keep current pace of bond buying in March
- Larry Summers sees a very difficult balancing act for US Fed's Powell
- A look at the Fed speakers left for this week
- Japanese investors are turning bearish on bonds, Treasuries
- Dollar gains traction on the day, EUR/USD falls to session lows
- European equities to revisit January peak by end of 2018 - Reuters poll
- Gold hangs onto support level, inches higher
- European equity markets open lower 28 Feb
- Trading ideas for the European session 28 Feb
- AUD/USD remains supported; look out for the option expiries nearby
- Nikkei 225 closes lower by 1.44% at 22,068.24
- ForexLive Asia FX news: Tiny 'taper' from BOJ
Data:
- Eurozone February core CPI yy prelim 1.0 % vs 1.0% exp
- Germany February unemployment change -22k vs -15k expected
- France final Q4 GDP q/q +0.6% vs +0.6% prelim
- Germany March GfK consumer confidence 10.8 vs 10.9 expected
- France January PPI mm 0.1% vs 0.0% prev
- Italy February preliminary CPI m/m +0.1% vs +0.2% expected
- Switzerland February Credit Suisse investor sentiment 25.8 vs 34.5 prior
- Switzerland February KOF leading indicator 108.0 vs 106.0 expected
- Japan January housing starts y/y -13.2% vs -4.7% expected
- Japan January vehicle production y/y -3.8% vs +1.3% prior
It's been Brexit and the pound in focus again today with the release of the EU legal text draft of withdrawal agreement
GBPUD has been down to test 1.3800 after breaking through 1.3900 while GBPJPY has been down to 147.70 and EURGBP up to 0.8845
Yen demand notable again with USDJPY retreating back below 107.00 from 107.20 area with year-end JPY repatriation in play still.
EURUSD has found good options related support at 1.2200 but rally sellers around 1.2230 too. EURGBP higher. EURJPY lower
AUDUSD has large expiries at 0.7800 and the pair has suitably been pinned down nearby all session having held 0.7780 in Asia.
USDCAD has traded tightly after yesterday's rally underpinned at 1.2760 but failing into 1.2785
Bitcoin has been in retreat mostly after failing to hold $11000
Data coming up: GMT
13.30 US GDP
14.45 Chicago purchase manager
15.00 US pending home sales
