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Japan Tertiary Industry Index (MoM) (Nov) -0.3% (expected 0.1%, prior 0.1%)
A miss on estimates will not be welcome news for the Bank of Japan.
JPY

Japan data - Industrial Production (MoM) (Nov)-2.2% (expected -2.3%, prior -2.3%)
Final industrial output data from Japan for November 2024
JPY

Trump to declare a National Energy Emergency - will enable him to use new powers
"Drill, baby, drill" to be the catchphrase
Oil

USD/CAD trades with negative bias below multi-year peak, around mid-1.4400s
The USD/CAD pair retreated slightly after touching its highest level since March 2020 during the Asian session on Monday and for now, seems to have snapped a two-day winning streak.
USDCAD
Fed
InterestRate
MiddleEast
Currencies

Reports that a Tesla vehicle on autopilot has crashed into a retail store
In San Francisco
SPX
Nasdaq

USD/INR drifts lower as traders brace for Trump’s inauguration
The Indian Rupee (INR) strengthens on Monday after logging its worst week in 18 months in the previous week.
USDINR
SEO
India
EmergingMarkets
Macroeconomics

China's Vice President Han Zheng meets Musk and also Vance
Han expresses willingness to work with US to enhance China-US relations
Politics
China

Japanese Yen surrenders modest intraday gains against USD ahead of Trump's inaugural speech
The Japanese Yen (JPY) attracts some dip-buyers following an Asian session downtick and stalls its retracement slide from a near four-week high touched against its American counterpart on Friday.
USDJPY
BOJ
InterestRate
Fed
SEO

Its started - the Fed blackout period, that is
There are no Federal Reserve speakers for a couple of weeks ahead
Fed

Trump says he'll sign nearly 100 executive orders within hours of taking office
Trump will take office at noon, US Eastern time, on January 20
Politics

Apple has cut the price of some iPhone models in China - government subsidy announced
A bit of an increase in consumer demand will be the government plan
China

NZD/USD gathers strength to near 0.5600, Trump 2.0 in focus
The NZD/USD pair holds positive ground around 0.5600 during the Asian trading hours on Monday.
NZDUSD
Majors
Macroeconomics
PBOC

2 reasons (and others) Barclays still like USD/JPY
1. The BoJ priced in, and 2. risk surrounding Trump

Recapping Japan’s core machinery orders in November, results exceeding expectations
The Bank of Japan will eye this report favourably. Its not a game changer but another straw on the camel's back.
JPY

PBOC sets USD/ CNY reference rate for today at 7.1886 (vs. estimate at 7.3353)
PBOC CNY reference rate setting for the trading session ahead.
CNY
China Stock Market
China
CNH
pboc

GBP/USD ticks higher on softer USD; lacks bullish conviction and remains below 1.2200
The GBP/USD pair kicks off the new week on a slightly positive note and reverses a part of Friday's decline, though the uptick lacks follow-through or bullish conviction.

Bank of Japan expected to raise rates this week - but there is a hurdle to overcome first
BoJ watching the market's reaction to Trump's inauguration and his actions immediately following
BOJ
JPY

Bank of America survey shows long US dollar is now considered the most crowded trade
Which makes for an obvious headwind.
USD


PBOC is expected to set the USD/CNY reference rate at 7.3353 – Reuters estimate
PBOC CNY reference rate setting for the trading session ahead.
CNY
China Stock Market
China
CNH
pboc

Japan November machine orders rocket higher: +3.4% m/m (expected -0.4%) +10.3% y/y (+5.6%)
A leading indicator of capital spending in the coming six to nine months
JPY

JP Morgan forecasts a PBOC RRR and rate cut after Lunar New Year
And more fiscal support announcements in March
CNY
China Stock Market
China
CNH
pboc

PBOC may cut RRR before the Lunar New Year holiday
First day of the holiday is January 29
CNY
China Stock Market
CNH
pboc

AUD/USD holds below 0.6200 ahead of Trump’s inauguration
The AUD/USD pair weakens to around 0.6190, snapping the two-day losing streak during the early Asian session on Monday.
AUDUSD
Majors
Macroeconomics

Nomura are expecting a March Fed rate cut then a US inflationary shock due to tariffs
Nomura Federal Open Market Committee (FOMC) outlook
Fed

Reminder - US markets are closed on Monday, January 20, 2025
Martin Luther King Day
Bonds
SPX
Nasdaq

Trump spoke at a rally - hinted at action on immigration and energy (nothing on tariffs)
Trump spoke at a rally ahead of his inauguration
Politics

Leaks around Trump's 'day one' executive orders have not mentioned tariffs at all
Which, of course, doesn't mean we don't get any - but so far so good
Politics

Economic calendar in Asia Monday, January 20, 2025 - PBOC Loan Prime Rate (LPR) day
Asian Economic Calendar: Key Events and Consensus Expectations for 20 January 2025
economic calendar
pboc

Trade ideas thread - Monday, 20 January, insightful charts, technical analysis, ideas
Join the discussion and stay ahead in the forex market.
USD

Trump to issue executive orders on immigration, energy, government hiring policies soon
Report is that Trump will declare a national emergency within hours of being sworn in today, Monday, January 20
Politics

Monday morning open levels - indicative forex prices - 20 January 2025
Good morning, afternoon or evening to all ForexLive traders and welcome to the start of the new FX week.
USD

Newsquawk Week Ahead: BoJ, PBoC, PMIs, UK jobs, Inflation data from Canada, Japan and NZ
Next week focus lies on central bank rate decisions from the BoJ, PBoC, Norges Bank and CBRT, while data highlights include UK employment, PMI data and inflation metrics from Canada, Japan and New Zealand.
BOC
BOJ
JPY
CNH
GBP
EUR
pboc
CAD
NZD
USD

Weekly Market Outlook (20-24 January)
The highlights include the US President Inauguration, the PBoC LPR, the UK Employment report, the Canadian and New Zealand CPI data, the BoJ Rate Decision and the Flash PMIs.
market overview

Greenland, Canada and the Panama Canal: What is the real plan here?
Let's assume there is a real plan here
Politics

Forexlive Americas FX news wrap 17 Jan: US Supreme Court affirms decision to shut TikTok.
Forex news for North American trading on Jan 17, 2025
Session wrap
Wrap Nth America

US stock indice close higher on the day and have positive returns for the week
The first weekly gains in the broader indices this year.
USD

Canadian Dollar slumps back into multi-year lows
The Canadian Dollar (CAD) slumped back into familiar multi-year lows on Friday, sending USD/CAD back above the 1.4400 handle and keeping the Loonie at its lowest bids since the pandemic era.
USDCAD
SEO
CPI
Inflation