Forex and Bitcoin news from the European morning trading session 27 Feb 2018
News:
- South Korea yet to decide how to regulate cryptocurrency market - Reuters
- Weidmann says that ECB rate hike in 2019 'not completely unrealistic'
- Buba's Weidmann says important to "gradually and dependably" reduce ECB stimulus
- Macron says EU/UK customs union possible post-Brexit but not access to single market
- BOE's Woods says he puts a "huge premium" on UK/EU sorting out transition deal by end-March
- IMF's Lagarde says market volatility is a reminder of economic transition
- FX option expiries for the 15.00 GMT cut - 27 Feb 2018
- The Saxony CPI report earlier is not what it seems
- ECB's Mersch says fintech and banks should pay attention to cyber risks
- Moody's raises US 2018 GDP forecast to 2.7% vs 2.3% prev
- Aviva says EUR/USD could fall to 1.20 if German coalition deal collapses
- UAE's energy minister says optimistic oil market will achieve balance this year
- Retiring PBOC governor Zhou tipped to become Boao Forum vice chair - Reuters
- US chief negotiator with North Korea to retire by end of this week
- BOJ unlikely to change YCC policy until tax hike introduced - Nissay Asset Management
- Moody's says that surveys suggest UK economic growth may have eased in 2018
- BlackRock's Turnill: Cautious on Bitcoin, but bullish on blockchain
- Ray Dalio says that he is not particularly concerned about inflation
- GBP/JPY catches a bid, lifts sterling at the same time
- Cable tests topside resistance level of today's range
- Sentix Euro Break-up index falls to lowest on record
- European equity markets open firmer 27 Feb
- Trading ideas for the European session 27 Feb
- Nikkei 225 closes up by 1.07% at 22,389.86
- ForexLive Asia FX news: Some small return trip ranges in Asia
Data:
- Eurozone January M3 money supply 4.6% as exp
- Eurozone Feb consumer confidence 0.1% as exp
- Spain February CPI flash yy 1.1% vs 0.6% prev
- Saxony February CPI m/m +0.4% vs -0.8% prior
- Baden-Wuerttemberg February CPI m/m +0.5% vs -0.7% prior
- North Rhine Westphalia February CPI m/m +0.5% vs -0.6% prior
- Bavaria February CPI m/m +0.5 vs -0.7% prior
- Brandenburg February CPI m/m +0.3% vs -0.5% prior
- France February consumer confidence 100 vs 103 expected
- Italy February business confidence 110.6 vs 109.0 expected
A steady session overall but some decent size option expiries have had their say on capping GBPUSD, EURUSD, USDJPY and AUDUSD rallies in Asia and Europe.
After yesterday's fun n games into 15.00 GMT we have more GBPUSD interest at 1.4000 and along with GBPJPY rally supply we've seen a retreat from 1.3885 to 1.3945
USDJPY underpinned at 106.80 but failing at 107.10 helped by option interest and GBPJPY supply
EURUSD rally failed at 1.2350 ( yep option interest again) to post 1.2316 while USDCHF has support at 0.9330 (helped by options too) but sellers into 0.9400 still
AUDUSD has been pinned in 0.7835-65 range with options at 0.7880 and 0.7850.
USDCAD has sell interest at 1.2700 but support ( yep option base again) between 1.2650-60
Bitcoin has continued its recent rally to post $10680 after holding $10250 pivot.
German CPI at 13.00 GMT then US trade and durable goods at 13.30 along with Fed's Powell.
