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Eurozone Current Account n.s.a climbed from previous €32B to €34B in November
Eurozone Current Account n.s.a climbed from previous €32B to €34B in November
TradeBalance
Eurozone
Eurozone November current account balance €34.6 billion vs €32.0 billion prior
Latest data released by the ECB - 17 January 2025
EUR
European equities keep up the positive momentum to start the final day of the week
A bright start as regional indices are flourishing in trading this week
Stocks
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: 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 December retail sales -0.3% vs +0.4% m/m expected
Latest data released by ONS - 17 January 2025
GBP
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
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
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
US Treasury Secretary Yellen’s computer was infiltrated by Chinese state-sponsored hackers
Files accessed
Bonds
Politics
Westpac on the Australia dollar: "The exchange rate and the big pivot"
Lower for longer is my take on this note.
AUD
Forexlive Americas FX news wrap 16 Jan: Feds Waller more dovish. Retail sales solid.
Forex news for North American trading on Jan 16, 2025
Session wrap
Wrap Nth America
Wells Fargo revises Fed rate cut forecast amid labor market resilience
Sees only 2 FOMC rate cuts in 2025, from three previously
Fed
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