Forex and cryptocurrency news from the European morning trading 16 Mar 2018
News:
- Trump has decided to oust McMaster, but timing of departure is unclear - WSJ
- Brexit transition deal would be 'provisional', says EU official
- IMF's Lagarde says that trade wars are unwinnable
- BOE FPC says banking system could continue to support economy through disorderly Brexit
- EU Commission prepares member states for trade war - report
- ECB's Praet says that there is an improvement in the path of inflation
- Japanese government revises consumer price assessment in monthly report
- Trading Cryptocurrency with SimpleFX: Step by Step Guide
- Japan's National Diet lower house approves Kuroda as BOJ governor
- Japan's Aso reiterates that he has no intention to quit at this time
- Russian deputy foreign minister says Moscow will respond to new US sanctions
- FX option expiries for the 14.00 GMT cut - 16 March 2018
- EURUSD nudges higher but more sellers lurking
- EUR/USD continues to hug the 1.2300 handle
- Yen extends gains on the day as dollar slips
- The aussie is hanging on to key support levels
- Japan labour unions see monthly wages rising 2.16% in fiscal year 2018
- The next break in the S&P 500 is coming
- Macquarie revises RBA cash rate forecast; sees central bank on hold in 2018
- RBA cash rate seen at 1.50% throughout 2018 - Bloomberg survey
- Fitch Ratings says the RBA is expected to raise rates once in 2018
- The kiwi's struggle today is just the beginning
- JP Morgan expects EUR/USD to head towards 1.30
- Trading ideas for the European session 16 March
- Citigroup says China unlikely to use CNY to retaliate against US tariffs
- Nikkei 225 closes lower by 0.58% at 21,676.51
- ForexLive Asia FX news: USD/JPY drops back under 106 (a lil bit)
Data:
- Eurozone February CPI yy final 1.1 % vs 1.2% exp
- Germany February wholesale price index m/m -0.3% vs +0.9% prior
- Italy February final CPI m/m 0.0% vs +0.1% prelim
A steady session overall with USDJPY falling again on US political plays but demand notable into 105.50 again. Large option expiry interest helping to cap the pair and contain EURUSD
USDJPY has posted lows of 105.62 having fallen through 105.80 and capped around 106.00. Yen pairs similarly capped.
EURUSD has traded 1.2300-37 with large option interest at 1.2300 and 1.2350 while EURGBP had a look below 0.8820 but found dip demand again. Softer final EZ yy CPI reading had minimal impact.
GBPUSD continues to range 1.3915-85 and has parked the bus around 1.3960 for the moment.
USDCHF and USDCAD both ran out of puff but downside limited at 0.9485 and 1.3040 but AUDUSD has been capped around option interest at 0.7800.
Bitcoin has been steady by recent standards and has held $8000 to test $8300 before retreating again.
US data heading your way from 12.30 GMT
