Forex news and trading headlines 30 Jan 2016
News:
- 1 million sign a petition to prevent Trump's official visit to the UK
- Germany says IMF inclusion in Greek bailout is indispensable
- NZ's Joyce says economy coping well with strong NZD
- Japan's Aso says the specifics of monetary policy should be up to the BOJ
- More from Aso: BOJ holding perpetual bonds would cause loss of fiscal trust
- ECB's Nouy says Italy has made little progress on banks' NPL in last 3 years
- USD retreats again
- Another big jump in German inflation is no help to the euro
- Rossi says Italian govt is right to resist European Commission demand for budget adjustment
- Option expiries for the 10 am NY cut today 30 Jan
- Nikkei 225 closes down -0.51% at 19,368.85
Data:
- January 2017 Eurozone economic sentiment 108.2 vs 107.7 exp
- Spain Q4 GDP flash qq +0.7% as expected
- Germany's Baden Wuerttemberg CPI 1.9% vs 1.7% prior y/y
- Bavaria January CPI mm -0.8% vs +0.7% prev
- North Rhine Westphalia January CPI mm -0.6% vs +0.9% prev
- Saxony January CPI mm -0.5% vs +0.9% prev
- Switzerland KOF January leading indicator 101.7 vs 102.9
A busy enough start to the week that's seen good two-way interest in the greenback after the Asian retreat in the wake of Trump's latest proclamations.
Month-end flows have also been in the mix with EURGBP rising to test 0.8550 offers/res, pushing GBPUSD down through 1.2550 to post 1.2509 before a reversal of fortune saw 0.8525 and 1.2548. USD demand since then though has seen further assaults on 1.2500 with EURUSD also testing recent lows.
USDJPY had posted 114.27 lows in Asia but early demand saw 114.94 before running out of steam and into decent offers/res around 115.00 and retreating to test 114.50 again.
USDCHF had a quiet start again but as EURUSD has found momentum in its own retreat below 1.0650 the pair has risen to 1.0038 with EURCHF on the back foot again too.
USDCAD has enjoyed the USD demand/CADJPY supply combo but gains to 1.3170 have been tempered by a generally supported oil price again while AUDUSD has largely been in retreat to 0.7529 on the renewed grabbing of the greenback.
NZDUSD has had a mixed time of it and now fallen from 0.7260 again. Comments by fin min Joyce only serving to confuse matters.
Equities opened lower and have remained on the back foot with bond yields rising to highs not seen for around 18 months.
German CPI to come at 13.00 GMT after a series of weaker mm/stronger yy regional readings and then we have US PCE at 13.30 followed by pending home sales at 15.00
