European FX news roundup: Mixed market sentiment as the week comes to a close

  • 17 September, 2021
  • 3:15 pm EEST

European Forex news roundup: Mixed market sentiment as the week comes to a close

Forex market news from the European trade session on September 17, 2021

There were no noteworthy headlines during the session, and market behavior was more muted, as trading attitude remains largely indecisive.

The dollar is somewhat weaker across the board, but it is holding minor gains against the yen, which is the day’s laggard as bond rates remain slightly higher.

Equities have remained bumpy as early gains in European indices were erased, as have US futures, which are now down approximately 0.3 percent.

Keep in mind that the trend this week has been severe selling at the open on Wall Street, followed by a type of recovery later on. However, quadruple witching today may make things a little more complicated before the weekend.

Returning to forex, the EUR/USD is marginally higher around 1.1770-80, although the market action is sandwiched between key option expiries for the day.

USD/JPY rose from 109.85 to 110.00 and is still trading near the highs.

Meanwhile, commodity currencies are marginally ahead, with the AUD/USD leading advances in a surge from 0.7290 to 0.7320 before settling around 0.7210.

However, the pair is still holding levels below its 100-hour moving average @ 0.7327, indicating that sellers are still in charge in the short term, implying that today’s action is technically inconsequential.

In the absence of important news, risk sentiment will be the primary element driving market action ahead of the weekend, so we’ll see how that plays out, but there doesn’t appear to be a consistent thread this week.


Markets News :

  • AUD leads, JPY lags on the day
  • European equities lower; S&P 500 futures down 0.3%
  • US 10-year yields up 1.4 bps to 1.344%
  • Gold up 0.3% to $1,758.81
  • WTI down 0.7% to $72.13
  • Bitcoin up 0.5% to $47,360

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