Forex news and economic trading headlines 24 August 2016

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First we must recognize and pay respects to all those who have suffered in the Italian earthquake.

Markets have witnessed another lively session with a range of currencies making gains against USD but the euro remains isn't one of them and remains on the back foot.

Traders have been scratching their heads this morning amidst moves that seem to have centred around the current euro weakness as equities make further gains.

EURGBP has been a prime mover down to 0.8514 after failing to break back above 0.8580 and that's lifted cable back through 1.3200 to test offers/res at 1.3250. The pound has made solid gains overall with comments by UK's Smith on Brexit helping to fan some flames again.

Elsewhere USDJPY has clung onto 100.00 but EURJPY selling to 112.98 has kept it capped and the general EUR supply has seen EURUSD test bids/support into 1.1270.

EURAUD and EURNZD have both fallen and that's given AUDUSD and NZDUSD a decent leg-up to 0.7634 from 0.7590 and 0.7334 from 0.7280 respectively amidst a generally softer USD sentiment.

USDCAD survived a test of 1.2900 to head back to 1.2930 as oil once again found itself on the back foot.

Existing US home sales the data highlight to come at 14.00 GMT