Forex news from the Euopean morning session 8 July 2015
News:
- Greece to make ESM request today
- Tsipras says Greece will deliver "concrete proposals" to bridge the gap with creditors
- EU's Moscovici says we must not turn our back on Greece
- Greece looking to request 3 year ESM program - Livesquawk
- ECB sees no shift of money out of the euro
- ECB's Visco says they are ready to use all instruments at its disposal
- ECB's Nowotny says bridge financing will only happen if there's a deal in sight
- Tsipras gets a grilling from MEP's
- Tsipras: It's a crucial time for Greece and Eurozone
- ECB's Noyer says Greece is on the edge of catastrophe
- EU's Dombrovskis says a comprehensive reform package is needed from Greece
- Greece dismisses claims they are preparing IOUs to pay state pensions and wages
- QE has succeeded in averting deflation says Nowotny
- China says it is confident it can meet 2015 growth target
- Australian treasury says it is closely monitoring developments in China
- BOJ's Kiuchi sees little chance of Japan hitting 2% inflation even fiscal year 2017
- Bank of France lowers Q2 GDP forecast to +0.2% vs +0.3% prev
- Swiss pairs bounce - Eyes on the SNB
- Preview: Osborne to slow the pace of spending cuts in UK summer Budget speech
- UK Budget Preview (2) : Look for the ticking time bomb in the UK Budget. More from guest economist John Hearn
- All aboard the yen train again
- Option expiries 10am NY cut today 8 July
Data:
- UK Halifax HPI June mm +1.7% vs +0.3% exp
- US MBA mortgage market index 383.5 vs 366.5 prior
- Japan's economy watchers index June 51.0 vs 53.2 exp
- Nikkei 225 closes down -3.14% at 19,737.64
All eyes on Wales today as the fierce Ashes cricket rivalry between England and Australia gets underway but away from that we've had a lively session this morning
Euro found support early on but the thirst for yen buying continues at pace giving the pound another kick lower
More to follow
