Forexlive European FX news wrap: USD/JPY grinds higher to start the week
Swiss CPI m/m 0.6% vs 0.5% expectedSpanish Unemployment Change actual -7.452k (forecast 50.0K - previous 60.4K)Sentix Investor Confidence -10.5 vs -10.8 expectedUS Supreme Court to decide today whether Trump can be barred from ballotChina's NPC Promises New Laws to Boost Economic ReformChina NPC spokesperson says Premier Li won't hold a press conference after sessionMarkets:GBP leads, JPY lagsS&P 500 futures up 8 pointsWTI crude down 38-cents to $79.59US 1-year yields up 2.7 bps to 4.21%Gold down $1 to $2082Bitcoin up 4% to $65,000Headlines from Europe were light and so was price action. We're waiting for the ECB decision on Thursday as the next main catalyst. The euro rose as high as 1.0857 but has since tracked 15 pips lower with some early selling as the US rolls in.The pound was stronger, adding 22 pips as the steady buying from Friday continued.USD/JPY rose to 150.45 from 150.25 in European trade as US Treasury yields rise, pushing US 10s back above the key 4.20% level.Overall, markets are chopping sideways as we count down towards several big events this week. This article was written by Adam Button at www.forexlive.com.
- Swiss CPI m/m 0.6% vs 0.5% expected
- Spanish Unemployment Change actual -7.452k (forecast 50.0K - previous 60.4K)
- Sentix Investor Confidence -10.5 vs -10.8 expected
- US Supreme Court to decide today whether Trump can be barred from ballot
- China's NPC Promises New Laws to Boost Economic Reform
- China NPC spokesperson says Premier Li won't hold a press conference after session
Markets:
- GBP leads, JPY lags
- S&P 500 futures up 8 points
- WTI crude down 38-cents to $79.59
- US 1-year yields up 2.7 bps to 4.21%
- Gold down $1 to $2082
- Bitcoin up 4% to $65,000
Headlines from Europe were light and so was price action. We're waiting for the ECB decision on Thursday as the next main catalyst. The euro rose as high as 1.0857 but has since tracked 15 pips lower with some early selling as the US rolls in.
The pound was stronger, adding 22 pips as the steady buying from Friday continued.
USD/JPY rose to 150.45 from 150.25 in European trade as US Treasury yields rise, pushing US 10s back above the key 4.20% level.
Overall, markets are chopping sideways as we count down towards several big events this week.
This article was written by Adam Button at www.forexlive.com.
