Free Trial

EUR trades on the front foot in G10

FOREX
  • The Japanese Yen is once again on the back foot overnight and in early trade, after the Japan trade deficit increased further overnight.
  • After gaining 1.64% yesterday against the Dollar, USDJPY is up 0.25% at the time of typing.
  • The Pound is the slight worst performer against the USD, down 0.28%, but the Greenback trades mixed in G10, in the green versus GBP, JPY, NOK, and in the red against CHF EUR, NZD and CAD.
  • EUR has been supported in early trade, and trading near session high against CHF, GBP, JPY, AUD, CNH, CAD.
  • There's 1.3bn at 1.0000 worth of option expiry for today, which could act as a magnet.
  • Looking ahead, out of the US Retail Sales and IP are the notable data.
  • ECB Centeno is the only scheduled speaker left for the day.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.