Forex news and economic headlines 18 April 2016
News:
- Don't be sucked in to the Doha disappointment
- Russia's Novak says some in Doha demanded that other non-OPEC members join production freeze pact
- Russia could join oil output freeze if OPEC decides to proceed internally
- Could the Doha debacle actually be good for longer-term oil prices?
- G7 must fulfil its responsibility for global growth says Abe
- Japan's Abe says sales-tax rise will go ahead barring financial shocks or major natural disasters
- Bundesbank: Economy grew strongly in Q1
- Bank of France governor Villeroy says Germany must do more to boost its economy
- Brexit trading starts now folks
- Option expiries 10am NY cut today 18 April
- Nikkei 225 closes down 3.40% vs 16,275.95
Data: Monday malaise. Not one release of note. Really.
Early trading saw continuing Doha-led heat on oil price and yen pairs but as the session progressed so too did the amount of traders taking some money off the table. Cue oil price and yen-pair rises.
USDJPY has made steady progress back up from 107.95 to post test 108.50 offers/res with EURJPY back up through 122.50 after 121.72 Asian lows. GBPJPY has rallied to 154.00 giving a boost to GBPUSD into 1.4200 again after early EURGBP-led wobble to 1.4132.
In fact the euro has enjoyed a decent morning that began with European equity market losses that took EURUSD up through 1.1300 and EURGBP testing only for the latter to lose some sparkle after failing into 0.8000
USDCAD has fallen back to 1.2863 from 1.2990 as oil prices rallied and that also saw AUDUSD and NZDUSD recover some poise.
No data to come but a couple of Fed talking heads up to the rostrum. A busy NA session expected.
