Forex news for US trading on January 26, 2016:
- January 2016 US Richmond Fed manufacturing index +2 vs +2 exp
- January 2016 US consumer confidence 98.1 vs 96.5 exp
- January 2016 US services PMI flash 53.7 vs 54.0 exp
- German government sees 2016 GDP at 1.7% - Bloomberg
- Ireland's Lane says ECB policy has helped Ireland
- BOE's Forbes: Looks like Q4 productivity growth is going to be abysmal
- November 2015 US Case Shiller house prices 0.9% v s0.8% exp m/m
- BOE's Haldane says world economy could slow but won't go backwards
- Philly Fed non-manufacturing regional activity index 5.1 vs 26.7 prior
- BOE interest rate could go negative says Carney
- More from Carney: Not planning any specific moves on buy-to-let housing market
- Gold up $11 to $1119
- WTI crude up 4% to $30.50
- S&P 500 up 26 points to 1903
- CAD leads, CHF lags
Chinese stocks fell hard but the rest of the market brushed it aside in yet-another piece of evidence that it's not China driving the markets. Instead, sentiment improved alongside rising oil prices in a signal about what is the most-important driver at the moment.
The Canadian dollar surged alongside oil once again, knocking USD/CAD down 200 pips.
The SNB in the mix in an apparent effort to weaken the Swiss franc. EUR/CHF rose to the highest since the peg was cut a year ago.
