ForexLive Americas Wrap: Conflicting Reports Indeed

Forex trading headlines fro April 17, 2013: Reports Boston bombing suspect arrested prove false Weidmann: ECB may adjust rates if new information warrants it Fed upgrades growth assesment to ‘moderate' in Beige book Bank of Canada repeats forward guidance, downgrades growth Iran chattering about an emergency OPEC meeting Teranet/National Bank Canadian house price index 2.6% y/y vs 2.2% exp UK house prices up 0.1% in March – Land Registry Fed's Bullard: If inflation falls, would be willing to increase pace of asset purchases Egan Jones downgrades Germany Gold up $5 to $1373 US 10-year yields at 2013-low of 1.67% S&P 500 down 1.4% to 1552 USD leads, EUR lags The reports of an arrest in the Boston bombing case that were later denied were an apt illustration traders have been feeling after the whipsaws in EUR and GBP over the past two days. It feels like it's going one way, then it goes the other. EUR/USD touched 1.3200 in Europe and sank straight down afterwards. It initially stalled in the key technical cluster around 1.3125 but that broke and it was a one-way ride down to 1.3002. The comment from Weidmann tipped over the teetering euro. The BOC decision did nearly nothing to CAD as it closes out the day at 1.0260, which is virtually the pre-statement level. A downgrade of growth was balanced by the lack of more-dovish rhetoric.