Forex news for the European morning trading session 14 Sept 2017
News:
- BOE MPC leave interest rates on hold. Vote 7-2
- BOE MPC Minutes: Some withdrawal of stimulus likely appropriate in 'coming months'
- All aboard the GBP rollercoaster ride as MPC remain on hold but ready to tighten
- Bitcoin exchange BTC China to stop all trading from 30 September
- Italy's Padoan says strong euro might slow pace towards end of QE
- ECB's Jazbec says tapering decision has been postponed but is inevitable
- SNB leaves interest rates on hold
- SNB says significant overvaluation of CHF has been reduced
- SNB's Jordan says CHF still over valued 14 Sept
- SNB make a small change in rhetoric but is it significant ?
- Trump says the WALL will continue to be built
- Forex option contract expiries for today 14 Sept
- Latest Reuters poll expects US Fed to hike rates by 0.25% in Q4
- RBA posts AUD 0.9bln losses for 2016-17 accounting period
- Latest NZ election poll has opposition Labour party leading by 4%
- UK refers 21st Century Fox-Sky merger to competition watchdog
- Italy's Confindustria sees Q3 GDP rising 0.45%
- OECD raises French 2107 GDP forecast to 1.7% vs 1.3% prev
- Nikkei 225 closes down -0.29% at 19807.44
- ForexLive Asia FX news wrap: AUD up - very solid jobs report
Data:
There's your headlines. Apols for late delivery but one pair of hands simply not enough on this shift.
Ok, far too much p/a to itemize pip by pip so check your 5m charts for all the detail. Rest of the detail in the headlines above but here's some key moves/pointers;
- SNB leave rates on hold but slightly temper CHF rhetoric.
- CHF weakens regardless given the essential song remains the same
- USDCHF highs of 0.9689 from 0.9635, EURCHF 1.1530 from 1.1460
- BOE leaves rates on hold. Vote 7-2 as most expected. Cue GBP fall.
- BOE Minutes hawkish. Cue very rapid GBP reversal
- GBPUSD down to 1.3151 then 1.3335, EURGBP up to 0.9050 then down to 0.8925
- EURUSD tight range with options casting a shadow.
- AUDUSD tightly bound around 0.8000 with large options in play
- USDJPY underpinned into 110.30 but sellers poised at 110.80-00
- US CPI data now in focus at 12.30 GMT
- Gold tightly bound $1320-26
- WTI steady rally to $50.10 from solid $49.45 base.
GBPUSD 15m
