Forex news from the European trading session - 17 January 2018
News:
- BOE's Saunders says UK interest rates will need to rise over time
- China Securities Times - China to launch further crackdown on cryptocurrencies
- Cryptocurrencies having another wobbly day at the mine
- Report shows North Korea is behind a new campaign of cryptocurrency cyberattacks
- Fed's Kaplan: Base case should be three hikes this year
- ECB's Constancio says concerned about sudden movements in euro that don't reflect fundamentals
- ECB's Constancio: Monetary policy may continue to be 'very accommodating'
- More from Constancio: Inflation still not meeting expectations
- Japanese bank plans to launch its own cryptocurrency: MUFG Coin
- ECB's Nowotny: Euro exchange rate must be observed
- More from ECB's Nowotny: Strengthening euro is "not helpful"
- Perky pound again as USD sellers return
- AUD/USD runs into resistance near the 0.8000 psychological level
- Preview #6 of today's Bank of Canada meeting - and link to all other previews
- EU's Juncker: Brexit is a lose, lose situation
- Ifo's Fuest: German coalition blueprint "overall not great"
- South Korea finance minister: Will leave FX rates to market, but take action if necessary
- Swiss economy seen expanding by 0.5% in Q4 2017 - Bloomberg survey
- Bloomberg survey: SNB seen raising rates only in Q4 2019
- BofAML says that USD/CAD is priced 'close to perfection' ahead of BOC meeting
- Trading ideas for the European session 17 Jan
- Nikkei 225 closes lower by 0.35% at 23,868.34
- ForexLive Asia FX news wrap: USD/JPY has a bit of a bounce again today
Data:
Attention focussed on cryptos again after further bearish stories out of China but fx pairs have provided a bit(coin) of opportunity too after Asian lows for the USD got bought by bulls again
Here's the p/a summary:
- Bitcoin falls to test 10,000 after failing to get back through 12,000
- GBPUSD holds 1.3750 and tests 1.3800 again before capping
- EURUSD holds 1.2210 but caps at 1.2250 and retreats back 1.2205 amid more dovish rhetoric from ECB
- EURGBP falls to 0.8855 after failing above 0.8900 again
- USDJPY fails into 111.00 and falls back to test 110.60 before bouncing to 110.80
- USDCHF makes steady progress from 0.9620 to 0.9650 but tempered by EURCHF supply
- AUDUSD holds 0.7940 and looks to test 0.7980 again
- NZDUSD rallies from 0.7240 but caps at 0.7280
- Focus on BOC later sees USDCAD tightly bound between 1.2430-60
Bitcoin
- Oil tried to rally but failed with WTI capping around $63.80 and falling to 63.35
- Gold fell to $1334 from $1343
Data out next at 14.15 GMT then focus on BOC interest rate decision at 15.00 GMT
