Japan December Exports +11.5% y/y (expected +10.1%) Imports +20.6% (expected +22.4%)
Trade data from Japan for December 2022. Trade balance Y -1.44bn expected Y-1.65bn, prior Y-2.03bn for the year as a whole, the trade deficit is the highest ever at 19.97tln yen Exports +11.5% y/y expected +10.1%, prior +20.0% this is the 22nd consecutive monthly gain Imports +20.6% y/y more to come Exports to: the US […]
XAU/USD rally to extend toward $1,973/98, with fresh cap expected here – Credit Suisse
Strategists at Credit Suisse expect Gold to extend its race higher toward the $1,973/98 resistance zone. Initial support seen at $1,867 “Gold is expected to extend its rally to resistance next at the 78.6% retracement of the 2022 fall and April 2022 high at $1,973/98, with a fresh cap expected here. Only above the $2,070/75 […]
BOJ preview – expected to stand pat
INF on the Bank of Japan meeting today: The Bank of Japan (BoJ) is expected to stand pat today after announcing a surprise band widening in December. 10Y JGB yields have traded above 0.50% over the past few days, which suggests that the market is expecting another widening of the yield band or even abandoning […]
Germany January ZEW survey current conditions -58.6 vs -58.0 expected
Prior -61.4 Outlook 16.9 vs -15.0 expected Prior -23.3 The standout data in the report here is that the outlook for the German economy has improved drastically into positive territory – the first time since February last year. This comes after a less harsh winter (helping with the energy situation) and as inflation pressures are […]
German ZEW Economic Sentiment Index rebounds to 16.9 in January vs. -15.5 expected
Economic sentiment in Germany and the Eurozone unexpectedly turned positive in January. EUR/USD remains unimpressed by the upbeat ZEW surveys, keeping its range around 1.0815. The German ZEW headline numbers showed that the Economic Sentiment Index returned to positive territory, arriving at 16.9 in January from -23.3 in December, beating the market expectation of -15.5. […]
PBOC is expected to set the USD/CNY reference rate at 6.7090 – Reuters estimate
<p>PBOC CNY reference rate is due around 0115 GMT.</p><p>Heads up for later today:</p><ul><li><a href="https://www.forexlive.com/centralbank/pboc-mlf-liquidity-injection-today-unchanged-rate-expected-but-some-expect-a-small-cut-20230115/" target="_blank" rel="follow" data-article-link="true">PBOC MLF liquidity injection today – unchanged rate expected (but some expect a small cut)</a></li></ul><p>PBOC Governor Yi Gang</p> This article was written by Eamonn Sheridan at www.forexlive.com. Source link
PBOC MLF liquidity injection today – unchanged rate expected (but some expect a small cut)
Later this week from the People’s Bank of China we’ll get the loan prime rate setting: Ahead of that today we’ll get a medium term lending facility (MLF) rollover: 700 billion yuan of this medium-term lending debt is maturing. according to Reuters polling 12 analysts expect the PBOC rollover the 700 billion yuan, 10 expect […]
UMich Jan US prelim consumer sentiment 64.6 vs 60.5 expected
This survey is nothing more than a barometer of political sentiment and gasoline prices. That said, the Fed watches the inflation number closely and it was a contribution to the sudden switch to more-aggressive hiking in June (which is funny because it was later revised down). The one-year number will certainly be welcome while the […]
UoM Consumer Confidence Index improves to 64.6 in January vs. 60.5 expected
Consumer confidence in the US continued to rise in early January. US Dollar Index holds in daily range above 102.00 after the data. Consumer sentiment improved in the US in early January with the University of Michigan’s (UoM) Consumer Confidence Index rising to 64.6 from 59.7 in December. This reading came in better than the […]
US December CPI in line with estimates, Fed expected to gear down to 25 bp tightening rate |
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