Another big jump in German inflation is no help to the euro

Mon 30 Jan 2017 09:42:59 GMT

Some German regions pop through 2.0% inflation

Saxony 2.3% vs 1.8% prior y/y
Brandenburg 1.7% unch
Hesse 2.4% vs 1.9% prior
Bavaria 1.7% unch
NRW 2.1% vs 1.9% prior

EURUSD:

EURUSD 15m chart

But don't worry, we've all got to ignore the numbers as they don't mean anything, say the ECB. There will be some sweaty brows being mopped in Germany though.

Baden Wuerttemberg to go and they posted 1.6% y/y last month. The main German number is at 13.00 and is expected at 2.0% vs 1.7% prior. The HICP forecast/prior is the same.

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Mon 30 Jan 2017 09:27:59 GMT

North Rhine Westphalia January CPI mm -0.6% vs +0.9% prev

The latest of the German regionals to report 30 Jan - yy +2.1% vs +1.9% prev Same pattern of softer mm readings with similar sectors cited for the declines as below.

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Mon 30 Jan 2017 09:15:12 GMT

EURJPY orders 30 Jan

Currently 122.75 off its session highs with core pairs finding sellers again Offers: 123.30 123.80 124.20 124.80 123.00 123.50 124.00 124.50 Bids: 122.30 121.80

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Mon 30 Jan 2017 09:01:13 GMT

Bavaria January CPI mm -0.8% vs +0.7% prev

The next German regionals to report January CPI 30 Jan - yy+1.7% as prev - mm -0.7% vs +0.7% prev - yy +1.7% as prev - mm -0.5% vs +0.9% prev - yy +2.4% vs +1.9% prev Similar trend emerging with softer mm readings. Clothing ,shoes, entertainment, leisure all being cited for the losses.

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Mon 30 Jan 2017 08:59:07 GMT

USDJPY orders 30 Jan

Currently 114.84 after 114.27 Asian lows Immediate offers around 115.00 Good two-way business still. Offers: 115.00 115.30-35 115.50 115.65 115.80 116.00 116.20 116.50 Bids: 114.30 113.80 113.30

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Mon 30 Jan 2017 08:55:59 GMT

AUDUSD orders 30 Jan

Currently 0.7545 in gentle retreat but finding some AUDJPY support Offers: 0.7560 0.7580-85 0.7600 0.7630 0.7650 Bids: 0.7520

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Mon 30 Jan 2017 08:51:18 GMT

EURUSD orders 30 Jan

Currently 1.0696 on the back foot but underpinned by EURGBP and EURJPY Offers: 1.0765 1.0730 1.0750 1.0780 1.0800 1.0830 1.0850-55 Bids: 1.0680 1.0565

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Mon 30 Jan 2017 08:46:54 GMT

EURGBP orders 30 Jan

Currently 0.8533 underpinned still Keep an eye out for month-end demand as usual. BUBA spreads interest over a few days. Should limit losses for the moment as I warned on Friday. 0.8500 seems a decent line in the sand now and I remain a dip buyer.

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Mon 30 Jan 2017 08:43:46 GMT

GBPUSD orders 30 Jan

Currently 1.2533 on session lows with USD demand notable Demand nearby again. Keep an eye on EURGBP for month-end buying impact (GBP-selling) as usual. Offers: 1.2560 1.2630 1.2660 1.2680 1.2730

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Mon 30 Jan 2017 08:31:06 GMT

Option expiries for the 10 am NY cut today 30 Jan

Here's the notable 15.00 GMT expiries that the DTCC have listed for today 30 Jan - EURUSD 1.0525 (313m) - USDJPY - GBPUSD: 1.2500 (GBP 370m) Remember that these are "vanilla" options so still in play right up to expiry at 15.00 GMT on the day even if breached in the meantime, unlike barrier options which cease to be once hit.

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Mon 30 Jan 2017 08:21:15 GMT

European equity markets lower in early trading 30 Jan

Softer tones as European markets get underway 30 Jan - FTSE -0.6% - DAX -0.5% - CAC40 -0.4% - FTMIB -1.0% - IBEX -0.6% Bond yields rising to 16-18 month highs.

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Mon 30 Jan 2017 08:15:51 GMT

Switzerland KOF January leading indicator 101.7 vs 102.9

Switzerland KOF January leading indicator 30 Jan - 102.1 prev Not a price mover. Posting for info. USDCHF 0.9990 but gains tempered by EURCHF supply around 1.0700 still.

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Mon 30 Jan 2017 08:10:02 GMT

Spain Q4 GDP flash qq +0.7% as expected

Spain Q4 GDP flash reading 30 Jan - 0.7% prev - yy 3.0% as exp vs 3.2% prev

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Mon 30 Jan 2017 08:04:13 GMT

Saxony January CPI mm -0.5% vs +0.9% prev

First of the German regionals reporting 30 Jan - yy +2.3% vs +1.8% prev YY helping to temper a little of the mm weakness EURUSD 1.0697 still on the back foot with USD demand prevailing.

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Mon 30 Jan 2017 07:51:53 GMT

Trading ideas - European session 30 Jan

Your daily thread to exchange trading ideas and discussion 30 Jan USD making a few gains again as Europe gets underway so what's on your hit-list today/this week as tight ranges continue to present opportunity.

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Mon 30 Jan 2017 07:38:52 GMT

Rossi says Italian govt is right to resist European Commission demand for budget adjustment

Bank of Italy head Salvatore Rossi speaking on RTL radio 30 Jan - European Commission wants to impose rules " even at a time of exceptional circumstances" That last comment a reference to recent events such as earthquakes and avalanche that have caused many fatalities and put strains on public resources.

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Mon 30 Jan 2017 07:12:54 GMT

Eurostoxx 50 futures down -0.3% in early European trading

Softer tones as we wait on official openings 30 Jan - DAX futures -0.3% - CAC40 -0.4% - FTSE -0.4% Bund futures open +8 at 161.93

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Mon 30 Jan 2017 06:57:25 GMT

NZ's Joyce says economy coping well with strong NZD

New Zealand finance minister Joyce speaking in Wellington 30 Jan - strong NZD has reduced import prices for consumers, input prices for firms - expects NZ economy to continue to perform well Joyce declines to indicate a preferred level for the ccy.

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Mon 30 Jan 2017 06:53:52 GMT

ECB's Nouy says Italy has made little progress on banks' NPL in last 3 years

ECB'S head of supervision Nouy speaking to La Repubblica 30 Jan - a good thing that Italy has earmarked €20bln to support weak banks " It's a good starting point" Not a case of too little too late hopefully.

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Mon 30 Jan 2017 06:15:20 GMT

More from Aso: BOJ holding perpetual bonds would cause loss of fiscal trust

Japanese fin min still speaking in parliament 30 Jan - Japan's govt not considering perpetual bonds - It's too soon to say who will be next BOJ governor - has complete trust in gov Kuroda

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Mon 30 Jan 2017 06:06:41 GMT

Nikkei 225 closes down -0.51% at 19,368.85

Softer tones for Japanese equities as yen firms again 30 Jan - Topix -0.35% at 1543.77 - USDJPY 114.60 making its mind up as European desks warm up. Expect offers/res 114/80-115.00 and demand 114.25-30

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Mon 30 Jan 2017 05:49:29 GMT

Japan's Aso says the specifics of monetary policy should be up to the BOJ

Japanese finance minister speaking in parliament 30 Jan - expects BOJ to work hard at meeting its price target, keeping an eye on economic and price developments More of the same from Aso

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Mon 30 Jan 2017 05:34:09 GMT

Economic data coming up in this session 30 Jan

Here's what's on the economic data/event calendar for today 30 Jan 2017 Greetings one and all. I trust you had a good week-end. Data wise it's a bit thin again but we do have German CPI starting off with the regionals.

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Mon 30 Jan 2017 04:35:33 GMT

ForexLive Asia FX news: USD lower nearly across the board

Forex news for Asia trading Monday 30 January 2017 Terrible news from Canada: Other: Weekend: Yen, GBP, EUR, CHF all higher against the USD here in a holiday-impacted Asian session. AUD and NZD are up against the big dollar too, but only very small indeed and they are the major (relative) losers here today.

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Mon 30 Jan 2017 04:08:41 GMT

Quebec City police calling the killings at mosque a terrorist attack

News of the attack earlier, here: Reports of attack at a mosque in Quebec, Canada. 3 gunmen - multiple injuries - Five people reportedly killed - Plus many others injured Cowardly criminals shooting worshippers. Dreadful news.

Some German regions pop through 2.0% inflation

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