Forex news for North America trade on February 15, 2018:
- US Feb NAHB housing market index 72 vs 72 expected
- US January industrial production -0.1% vs +0.2% expected
- Canada January existing home sales mm -14.5% vs 4.5% prev
- Russia accuses Western world of interfering in presidential election
- US February Philly Fed business outlook 25.8 vs 21.6 expected
- US initial jobless claims w-e 10 Feb 230k vs 228k exp
- US NY Empire State February mftg index 13.1 vs 18.0 exp
- US January PPI +0.4% vs +0.4% expected
- Coinbase clients are complaining about being wrongfully charged and the company has confirmed the problem
- BOC's Schembri: Subdued growth may change how central banks react
- Schembri says bank will take a cautious approach to interest rates
- Bitcoin breaks $10,000. Up 70% from the lows. What's next
- Norway central bank says it may hike in 2018
- Canadian house prices fell 2.93% in January
- Russia and OPEC aim to draft agreement on long-term alliance - report
Markets:
- Gold up $2 to $1353
- US 10-year yields at 2.90%
- S&P 500 up 32 points to 2731
- WTI crude up 90-cents to $61.52
- JPY leads, USD lags
It was another rough day for the US dollar bulls. USD/JPY fell to a 15-month low and the euro is a hiccup away from a three-year high.
The data slate wasn't a big driver. It sparked some small moves but nothing lasting or particularly notable.
The dollar was generally bought into the London fix, especially against the commodity currencies, but it tumbled after that. Part of the decline was the continued rebound in stock markets as the S&P 500 posted another solid day and climbed above the 55-dma.
USD/JPY bounced nicely after finding bids at 106.20 and it looked like a minor double bottom could be forming for a time. It bounced to 106.85 from there before the sellers took back control and pushed it down to a low of 106.04. Watch for more stops below the figure.
