Session Wraps - Major Forex Headlines wrapped up by trading session

Author: Mike Paterson

Forex and Bitcoin news from the European morning trading session 19 Feb 2018

News:
Data:
Not a blistering start to the week so far with the US and most of Canada both off for hols too.

The session began with a little USD demand that saw USDJPY post 106.66 from 106.35, GBPUSD down to 1.3992 from 1.4020 and EURUSD 1.2388 from 1.2420. Cue a little USD supply returning though and we've been back to 106.45, 1.4030 and 1.2420

USDCHF has fallen back to 0.9270 from 0.9300 with EURCHF supported still at 1.1500 but finding sellers around 1.1530.

AUDUSD has the spectre of 3.3bln in option contracts rolling off on Wednesday a 0.7950 hanging over it as well as immediate impact of a few today at 0.8000 and posted 0.7910 from 0.7930 before rebounding back.

NZDUSD fell from 0.7400 to 0.7375 before nudging back up while USDCAD has been tightly bound with oil also ranging tightly but off 1.2535 session lows to post 1.2554.

European equities opened in positive territory but have since posted losses while Gold
remains tightly bound around $1347 after Friday's retreat.

Crypto currencies have had a mixed session but still feeling some love again overall with Bitcoin finding support into $10700 but unable to hold above $11000.

No data event risk with both US and Canada having a long w-e.

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Author: Eamonn Sheridan

Forex and Bitcoin news for Asia trading Monday 19 February 2018

Market holidays for Hong Kong and China today, and a US holiday also coming up.

There were minor moves for currencies against the USD after losing so much ground on Friday; AUD, NZD, EUR, GBP all up a little. News and data flow was very light (An ECB governing council member was detained by authorities in his country and Japan trade the major items ... see bullets above).

USD/JPY and USD/CHF are both very little net changed on the session.

Oil gained, consolidating its move (for the session at least) back above 60USD.

Bitcoin & crypto's higher over the weekend, above 10K USD again. 

Still to come

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Author: Adam Button
10

Forex news for North American trade on February 16, 2018:

Markets

  • Gold down $5 to $1348
  • WTI crude up 34-cents to $61.68
  • S&P 500 up 1 points to 2732
  • US 10-year yields down 4 bps to 2.87%
  • USD leads, euro lags

The US dollar posted a solid bounce to somewhat mitigate a terrible week. It was helped along by a strong U Mich consumer sentiment report and, perhaps, by the indictment of 13 Russians in the election meddling scandal. The indictment helps to take the focus away from Trump's campaign because there was no evidence of any US involvement.

EUR/USD was steadily sold all day to finish 90 pips lower at 1.2411 from a high of 1.2555 in Asia. The bulk of the move came before North American arrived but a final wave hit late in the day to break stops below 1.2428. The drop left a bearish outside day on the chart.

USD/JPY slowly battled back from a 15-month low to 106.29 from a blowout down to 105.23 in Asia. But the move came early in Europe and US traders arrived to 106.25. There was blip down to 105.90 into the London fix but a steady rebound from there.

Cable was sold down to 1.4005 in Europe then bounced up to 1.4070 as US traders arrived only to be hit late by a dip down to 1.2394 in a run on stops below the big figure. After that was out of the way, the pair bounced to finish at 1.4016.

USD/CAD held a steady bid and rose to 1.2567 at the highs despite higher oil prices. Canadian data on manufacturing sales was weak and talk of US aluminum and steel sanctions renewed trade worries.

AUD/USD was also on the soft side as it drifted down to just below 0.7900 from a high of 0.7988 in Asia-Pacific trading.

Overall, it was a day of profit taking and some position squaring ahead of the weekend. Reminder that Monday is a holiday in the US and most of Canada.

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Author: Mike Paterson

Forex and Bitcoin news from the European morning trading session 16 Feb 2018


Data:

It's been a busy session, albeit scrappy, and one that's seen USD demand prevail overall although not in a straight line. Bitcoin/cryptocurrencies have been in retreat.

USDJPY found support/demand into 105.50 and bounced to hang around 105.75 for a while, then a couple of attempts to breach 106.00 before finally breaking higher to 106.30

USDCHF has needed little excuse to make its way higher to 0.9243 from 0.9190 with EURCHF still underpinned into 1.1500 albeit finding rally sellers .

EURUSD briefly traded above 1.2550 late in Asia but since then it's mostly been a one-way street down to 1.2470 with large option contract expiries very much in play too. Likewise AUDUSD which has fallen back from 0.7989 to post 0.7940 with large expiries at 0.7950 impacting.

GBPUSD had posted 1.4146 but then began a retreat into 1.4100 ahead of UK retails sales data only to hold up on weaker data as option-led demand prevailed. All to no avail though as the USD demand sent the pair down to 1.4055. EURGBP has large sell interest/res between 0.8885-00 and that's capped rallies again so far

USDCAD has made its way to 1.2495 with options at 1.2475 and 1.2500 in play amid the general USD buying while NZDUSD failed above 0.7430 to test 0.7400.

Bitcoin began in Europe at $10150 but then came down to test $9700 only to bounce back to $10000 before failing again
 Equities have had a positive session while oil has been tightly bound by and large. Gold has fallen from $1360 to $1354.
 
Data coming up:

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