Price action has been contained in the........>

FOREX: Price action has been contained in the first half of today's Asia-Pac

session, with no major data releases & muted news flow. The Antipodeans have

held steady ahead of a speech from RBA Gov Lowe, due at the bottom of the hour,

with NZ markets closed, owing to a national holiday. 

- Sterling traders have looked to a Telegraph report which suggested that

cabinet ministers have held secret discussions on plans to delay Brexit by 8

weeks (an idea that is not welcomed by PM May), although price action has been

muted. 

- As a reminder, liquidity may be affected by the ongoing Lunar New Year

holidays across several Asian countries. 

- Focus today turns to the aforementioned speech from RBA Gov Lowe, U.S.

President Trump's State of the Union address, German factory orders, U.S. trade

balance & Canadian building permits, as well as an address from BoC's Lane.