ForexLive European FX news wrap: FOMC, month-end flows and options in focus – ForexLive

Forex news from the European trading session – 31 January 2018

News:

Cryptocurrencies:

Data:

It’s month-end and we’re seeing some impact in flows with large EURUSD option expiries also casting their shadow. Not to mention the FOMC decision at 19.00 GMT

EURUSD has large option expiry interest at 1.2400, 1.2450 and 1.2450 and it’s no surprise to see the pair pivoting around the middle of that one. EURGBP though staged a decent rally from 0.8775 to 0.8816 after holding 0.8760 in Asia with month-end demand in the frame.

That move higher helped push GBPUSD down through 1.4150 and post 1.4121 after 1.4214 Asian highs. Part-corrections noted in both since.

USDJPY failed above 109.00 again with large option interest up there today as well and has since posted 108.60 USDCHF survived another look at 0.9300-10 and has bounced to 0.9340 with EURCHF up to 1.1625 from 1.1585.

USDCAD fell from 1.2340 to test 1.2280 and has remained down there since while AUDUSD has chewed its way back to post 0.8115 from the CPI-led lows of 0.8047 in Asia

Bitcoin has also rebounded back through  $10000 after early losses.

US ADP jobs data your next data risk at 13.15 GMT then more to come as we wait on FOMC

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