Forex news and economic headlines 15 April 2016
News:
- Greek EFSF bonds now added to QE list says ECB
- What did everyone miss in the latest OPEC report?
- AUDJPY sellers add to Aussie $ retreat
- 5 views on 5 pairs - Do you agree?
- Think you're having a bad day ? Then read this to cheer you up.
- Option expiry update for today 15 April
- More option expiries of note next week
Data:
- Eurozone February trade balance SA +€20.2 bln vs +€21.5bln expected
- February 2016 UK construction output -0.3% vs 0.0% exp m/m
- Italy total trade balance Feb +€3.856bln vs €35m previously
- Japan Industrial production Feb final mm -5.2 vs -6.2% prev
It's been a steady session to close the week but not without opportunity as the gloss fades off the greenback.
USDJPY found it tough going above 109.50 again and with equity markets and oil price in decline we've seen some yen demand across the board. USDJPY has dribbled its way down to 108.95 with EURJPY posting 122.82 from 123.40.
EURGBP has also turned back lower from 0.7968 highs and that too has weighed on EURUSD which has therefore found it tough going to make the most of the USD supply and only chewing its way higher to 1.1280 after holding 1.1250 in early trading.
GBPUSD had a little wobble to 1.4145 after weaker UK construction data but has enjoyed itself since with a steady rally to 1.4205 before running into fresh supply. GBPJPY sellers noted.
AUDJPY supply down to 84.00 along with strong barrier defence at 0.7750 has helped cap AUDUSD at 0.7735 but option related demand between 0.7670-0.7700 has prevented too much of a decline.
USDCAD has benefitted from falling oil prices to post 1.2864 from 1.2800 while NZDUSD has enjoyed the USD supply to post 0.6920 after finding support at 0.6880 again.
US data from 12.30 GMT should keep things ticking over but we won't be learning much before the end of the day.
