Forex news from the European trading session - 6 Feb 2018
News:
- Bitcoin touches USD 6000 as the tumble continues
- BOJ official: Recent crypto incidents underscores importance of ensuring safety in financial services
- BIS boss says central banks must act against "Ponzi scheme" cryptocurrencies
- US says North Korea poses an "urgent and unpredictable threat to the country and its allies"
- Merkel: Everyone will have to make compromises for coalition
- ECB's Villeroy: French growth will remain sustained in 2018
- BOJ governor Kuroda says not appropriate to raise yield target now
- More from BOJ's Kuroda: Current policy is to achieve price stability
- BOJ's Kuroda: Japanese stocks are being affected by moves in the US
- Japan PM Abe: Specific monetary policy steps are up to the BOJ
- USD/JPY extends fall as the Nikkei is on course for biggest points-drop since 1990
- European equities pares some losses on the day, but is still lower
- S&P 500 futures rise above 2,600
- US equity futures pares early losses, some hope for equities?
- Latest report shows OECD-area inflation slowed in Dec to 2.3% vs 2.4% prev
- VIX touches above 40 as volatility continues to rise
- XIV ETNs suspended from trading - Reuters
- Is the XIV movement today reflective of the market's volatility? Credit Suisse seems to think so
- HSBC says US Treasuries are now in "buy zone"
- PBOC: Will maintain prudent, neutral monetary policy
- German engineering orders up +7% in Dec yy
- France December YTD budget balance -€67.8 bn vs -€84.7 bn prior
- EUR/USD touches session high, runs into resistance levels
- FX option expiries for the 15.00 GMT cut - 6 Feb 2018
- RBC Capital Markets say when it comes to US stocks, BTFD
- Trading ideas for the European session 6 Feb
- ForexLive Asia FX news: Stock market falls continue in Asia
- Nikkei 225 closes lower by 4.73% at 21,610.24
Data:
- Germany December factory orders m/m +3.8% vs +0.7% expected
- Germany January construction PMI 59.8 vs 53.7 prior
- Eurozone January retail PMI 50.8 vs 53.0 prior
Another busy session that's seen equities and cryptocurrencies in busy mode again but it's been far from one-way traffic and giving risk sentiment the run-around too.
Lively times with yen demand generally prevailing helping to cap USDJPY rally from 108.46 in Asia at 109.32 with yen pairs all tumbling lower again after initial European correction.
GBPUSD down to 1.3920 after failing at 1.4000 with GBPJPY falling again to 151.75 after capping around 152.80. Similar stories on other core pairs with EURUSD falling to test 1.2350 again after capping at 1.2465 and EURJPY falling to 134.70.
AUDUSD down to 0.7850, NZDUSD 0.7280 with USDCAD up to 1.2560 from 1.2500 helped by CADJPY and oil selling.
Bitcoin fell to test $6000 before bouncing to $6650.
Gold has been caught between safe-haven demand and commodity-neg sentiment.
DAX,FTSE,CAC40, FTIB, IBEX all down over 2.5% at one stage before paring a few losses.
VIX volatility index spiked up through 50 for first time since Aug 2015
Data coming up:
