Forex trading news and economic data headlines 13 February 2017
News:
- Japan's Abe says he told Trump to leave FX talk to the finance ministers
- France's Sapin says ECB never tries to manipulate euro exchange rate
- Kuwait say they expect oil prices to rise with higher level of output deal compliance
- How's that oil demand picture looking OPEC? - India's demand at the lowest for 13 years
- EU's Moscovici gives solid concrete reasons for the strength of Europe's economies
- More from Moscovici: Swiss referendum result very disappointing
- Brexit's Davis hopes for a successful EU
- Who wants to know the latest European Commission economic forecasts?
- Here's where SocGen wants to go long EURJPY
- Nikkei 225 closes up +0.41% at 19,459.15
Data:
- Germany Jan wholesale price index mm +0.8% vs +1.2% prev
- SNB total sight deposits w-e 10 Feb CHF 539.0 bln vs 535.19 bln prev
- China January vehicle sales rise +0.2% yy
Not the liveliest of starts to the week but with little coming out of the Trump/Abe golf game and little else of note by way of impact factors we shouldn't be too surprised.
Markets continue to range but there's opportunity nonetheless for the interested jobbers.
Someone gave the US$ a slap lower early on and that saw USDJPY below 113.50 after failing into 114.20 in Asia. The move forced EURUSD up to 1.0658 and GBPUSD up to 1.2540 but it was all short lived and we were soon back at 113.70, 1.0635 and 1.2520 and we've near enough been glued there since.
USDCAD had a look back above 1.3100 as oil fell only to retreat on a USD/oil reversal combo while AUDUSD and NZDUSD have been pinned down tightly too.
Equities opened on the front foot and have continued to make further gains but gold has failed to trouble the scorers to much.
No data to come and little scheduled rhetoric on the agenda but hey, markets have these lulls. Just make sure you're poised and ready to act when stronger moves return.
