Forex news from the European morning session 30 June 2015
News:
- Germany's Schaeuble says Greece has announced it will not be paying the IMF today
- French fin min Sapin says Grexit is not a drama for rest of Europe
- Greek labour minister says if Greece falls then Eurozone falls
- Tsipras to reconsider last night's offer from EU
- Greece press conference cancelled on talk Tsipras may strike a final deal with Trioka - Livesquawk Greece's Tsakalotos says they will reconsider vote if they get a deal they can't refuse
- Greek official says there are initiatives for continuing on negotiations
- EU Commission says any margin for further negotiations with Greece would be for Eurogroup to decide
- European Commission says no move has been received from Greece
- About those "open doors" - Germany says nein to bailout extension
- Greek banks may be considered solvent after any state default - ECB
- Tradeweb halt trading of Greek government bonds - Reuters
- Last minute Greek deal denied - FT's Peter Spiegel
- BOJ's Kuroda says he wants to co-ordinate with other overseas officials over Greece
- Austria's Schelling says euro is stable and strong
- Greece tells China they will not be leaving the Eurozone
- German IFO chief says Grexit would be a good opportunity for Greece
- Japan's Takahashi says further BOJ easing may have de-merits
- RBA's Stevens Further depreciation of AUD is both likely and necessary - AUDUSD rises 15 pips
- RBA governor Stevens sees very loose global monetary policy for a while
- Hedge fund selling tips euro lower again
- Option expiries 10am NY cut today 30 June
Data:
- June 2015 Eurozone HICP flash 0.2% vs 0.2% exp y/y
- Q1 2015 UK GDP final 0.4% vs 0.4% exp q/q
- May 2015 Eurozone unemployment rate 11.1% vs 11.1% exp
- German unemployment change June -1k vs -5k exp
- German retail sales May mm +0.5% vs 0.0% exp
- May 2015 Italian unemployment rate 12.4% vs 12.3% exp
- French PPI May mm -0.5% vs -0.4% prev
- May 2015 Italian PPI 0.2% vs -0.1% prior
- Japanese housing starts May yy +5.8% vs +5.5% exp
- Nikkei 225 closes up +0.63% at 20,235.73
Phew! Ice bucket please Nurse! A quick glance at the headers tells the story of the session
Up and down and all around as the jury remains out on the outcome with rhetoric,rumours and denial a-plenty
EURUSD had an early dip on hedge fund selling but found support at 1.1150 and rallied only to find sellers at 1.1200 for another fall , this time to 1.1134 before once again testing the topside
Euro pairs have seen a similar pattern with month-end demand helping to prop up EURGBP at the session lows 0.7083 to rally back into the 0.7125 offers. EURJPY selling capped USDJPY to eventually run lower and force stops through 122.00 before bouncing back to 122.45 as I type
Cable has also been euro driven but given a small boost by better revision on Q1 GDP albeit in line with expectations
More to follow
