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Sterling under pressure after disappointing UK retail sales
GBP/USD is down 0.6% to 1.2165 on the day
GBP

Forex Today: China Q4 GDP beats estimates, US Dollar finds demand
Here is what you need to know on Friday, January 17: Markets remain in a cautiously optimistic mood, digesting the stronger-than-expected Chinese growth and activity data, while staying nervous before US President-elect Donald Trump’s inaugaration and amid looming tariffs.
DollarIndex
RiskAversion
China
Fed
Currencies

NZD/USD breaks below 0.5600 due to a technical rebound in US Dollar
NZD/USD extends its losses for the second successive day, trading around 0.5590 during the European hours on Friday.
NZDUSD
Majors
Macroeconomics
NewZealand

What are the main events for today?
The highlights include the US Housing Starts and Building Permits and the US Industrial Production and Capacity Utilization
market overview

ECB’s Stournaras: Policy should continue with a series of rate cuts at the next meetings
European Central Bank (ECB) Governing Council member Yannis Stournaras said on Thursday that “policy should continue with a series of rate cuts at the next meetings.” Additional quotes Our moves should be gradual and cautious based on the available data.
ECB
CentralBanks
InterestRate
EURUSD

ECB's Stournaras: Rate cuts should still continue in the coming meetings
Remarks by ECB policymaker, Yannis Stournaras
ECB

Eurostoxx futures +0.1% in early European trading
A more tentative mood overall after the selling in Wall Street overnight
Stocks

UK Retail Sales unexpectedly drop 0.3% MoM in December vs. +0.4% expected
The United Kingdom (UK) Retail Sales decreased at a monthly pace of 0.3% in December after growing 0.1% in November, the latest data published by the Office for National Statistics (ONS) showed Friday.
RetailSales
EconomicIndicator
UnitedKingdom
GBPUSD

United Kingdom Retail Sales ex-Fuel (YoY) below expectations (3.6%) in December: Actual (2.9%)
United Kingdom Retail Sales ex-Fuel (YoY) below expectations (3.6%) in December: Actual (2.9%)
Consumption
UnitedKingdom
RetailSales
GBPUSD

United Kingdom Retail Sales (YoY) registered at 3.6%, below expectations (4.2%) in December
United Kingdom Retail Sales (YoY) registered at 3.6%, below expectations (4.2%) in December
Consumption
UnitedKingdom
RetailSales
GBPUSD

UK December retail sales -0.3% vs +0.4% m/m expected
Latest data released by ONS - 17 January 2025
GBP

United Kingdom Retail Sales ex-Fuel (MoM) came in at -0.6% below forecasts (0.1%) in December
United Kingdom Retail Sales ex-Fuel (MoM) came in at -0.6% below forecasts (0.1%) in December
Consumption
UnitedKingdom
RetailSales
GBPUSD

United Kingdom Retail Sales (MoM) registered at -0.3%, below expectations (0.4%) in December
United Kingdom Retail Sales (MoM) registered at -0.3%, below expectations (0.4%) in December
Consumption
UnitedKingdom
RetailSales
GBPUSD

FX option expiries for Jan 17 NY cut
FX option expiries for Jan 17 NY cut at 10:00 Eastern Time via DTCC can be found below.
Options
Currencies

Swissquote Sees “Better than Anticipated” 2024 Financials Due to Crypto Demand
Swissquote, a leading online trading platform, has reported its 2024 revenue to be approximately CHF 655 million, with pre-tax profit expected to exceed CHF 345 million.

US Dollar Index moves above 109.00, upside potential seems limited due to dovish Fed
The US Dollar Index (DXY), which tracks the US Dollar’s (USD) performance against six major currencies, halts its four-day losing streak, trading near 109.10 during the Asian hours on Friday.
DollarIndex
UnitedStates
Macroeconomics
Majors


Demographic concerns continue to grow for China
The shift to "common prosperity" hasn't borne fruit yet for Xi
CNY

BoJ survey finds households expect inflation to rise by average of 11.5% a year from now
Bank of Japan quarterly survey
BOJ

TD sees no more Federal Open Market Committee (FOMC) rate cuts until H2 2025
Federal Reserve forecast
Fed

Bank of America says US 10 year yield is unlikely to rise above 5.25%!
Someone needs a cup of tea
Bonds

ForexLive Asia-Pacific FX news wrap: China Q4 & December economic data show solid gains
Forex news for Asian trading on Jan 17, 2025
Session wrap
Wrap Asia

Goldman Sachs expects a Bank of Japan interest rate hike next week
Goldman Sachs Asset Management
BOJ

European Central Bank speakers Friday include Escriva and Cipollone
Cipollone speaking at a crypto event
ECB

China's population fell in 2024 for the third straight year
A demographic challenge for the country
CNY
China Stock Market
China
CNH

China National Bureau of Statistics (NBS) says domestic demand is insufficient
Some forthright comments from the NBS spokesman
CNY
China Stock Market
China
CNH

China property developer Vanke shares plunged - report chief executive has been detained
Is there an end in sight for China's property sector woes?
CNY
China Stock Market
China
CNH

Yuan strengthens after the Chinese data came in strong
GDP, retail sales, industrial output all beat
CNY
China Stock Market
China
CNH


Japan fin min Kato says its up to the BoJ to decide monetary policy
Japan finance minister Kato
BOJ
JPY

China December: Retail sales +3.7% y/y (exp +3.5%) Industrial output +6.2% y/y (exp +5.4%)
Q4 GDP comes in at 1.6% q/q (exp. 1.6%) and 5.4% y/y
CNY
China Stock Market
China
CNH

China data due today - expected to meet 2024 GDP target, "but U.S. tariff risks loom"
China's Q4 GDP data is due today
CNY
China Stock Market
China
CNH

China new home prices flat at 0% m/m in December (prior -0.1%)
For the y/y its -5.3% in December (November was -5.7%)
CNY
China Stock Market
China
CNH

Australian BNPL Providers Must Obtain Credit Licence
The Australian Securities & Investments Commission (ASIC) has mandated that Buy Now, Pay Later (BNPL) platforms obtain credit licences.
BNPL
Asic
Australia

Heads up for a US holiday on Monday, January 20 - stock and bond markets closed
Futures markets will be partially closed
Bonds
SPX
Nasdaq
USD

PBOC sets USD/ CNY reference rate for today at 7.1889 (vs. estimate at 7.3275)
PBOC CNY reference rate setting for the trading session ahead.
CNY
China Stock Market
China
CNH
pboc

Singapore Non-oil Domestic Exports (NODX) December 2024: +1.7% m/m vs. -1.2% expected
NODX +9.0% y/y vs. +7.8% expected
SGD

Gaza hostage and ceasefire deal officially signed - but still awaits government vote
The delay in the vote will postpone the start of the ceasefire
Politics

PBOC is expected to set the USD/CNY reference rate at 7.3275 – Reuters estimate
PBOC CNY reference rate setting for the trading session ahead.
CNY
China Stock Market
China
CNH
pboc

Chinese economists forecast 2025 economic growth at a minimum of 4.8%
We get the 2024 number today
CNY
China Stock Market
China
CNH