ForexLive European morning wrap: All waiting for the BOE & ECB

ForexLive European morning wrap: All waiting for the BOE & ECB:

Forex trading headlines from the European session 4 July Nikkei closes down 0.26% at 14,018.93 UK Halifax HPI june m/m +0.6% vs +0.4% exp  y/y +3.7% vs +2.6% prev BOJ quarterly report raises economic assessment for many regions based on improved sentiment Italian Q1 public deficit to GDP ratio 7.35 vs 6.6% prev Equity markets have a better morning Happy Independence Day to all our US readers, and I'm sure many of you will be glued to your desks before heading off to celebrate! It's been an extremely quiet morning as markets anticipate the chaos and mayhem coming up shortly with the BOE and ECB set to announce their latest decisions. The Pound has had a couple of sell moments but so far cable has held onto 1.5225 support with EURGBP failing to break through 0.8540 sell interest. USDJPY has been in snoozeville having had one little run down to 99.50, as has EURUSD which has spent the morning mainly in a 1.2995-1.3005 range. AUDUSD found support at 0.9100 after an early dip from the Asian session rally, but has so far found sell interest at 0.9150 one step too far. Equity markets have calmed and firmed this morning, and bond yields have eased led by a better performing Portugese market in the belief that they can find a solution to the current political turmoil. So it's all been about clock watching as the big events loom large. Not long to wait now.