Forex news for the European morning trading session 18 Sept 2017

News:

Data:

It's been a cautious start to the week but one that also presented opportunity on a number of pairs inc EURUSD.

GBPUSD had one early look/test at 1.3620 resistance/sell interest but that final squeeze soon ran out of steam and we've been back down to 1.3533 in a steady retreat.

GBPUSD 15m

EURGBP held support lines around 0.8775 again and the steady advance to 0.8841 has helped undermine the pound in general with GBPJPY also lower at 150.51 from 151.50 posted in that early GBP squeeze higher. Focus on Carney speech to the IMF at 15.00 GMT.

EURGBP 15m

USDJPY began tightly bound around 111.25 but then jumped to post news 8-week highs of 111.43 but with sell interest into 111.50 we saw a retreat back to 111.18 before finding fresh demand.

EURUSD had an early quick dip from 1.1950 to 1.1915 with USD demand generally prevailing but it too has found good cross-ccy support to rally back to 1.1970 before falling back to 1.1955 as I type.

USDCAD has traded tightly with support at 1.2170 and res/sell interest at 1.2210 while AUDUSD has also traded within recent range to dip from 0.8030 to 0.7995

Gold has drifted off from $1318 to $1313 while oil has tumbled with WTI down from $50.80 to test $50.00 but equities have had a decent session.

WTI 15m

Not a great data slate today but there's enough going on regardless.