Federal Reserve speakers coming up Wednesday, January 15, 2025
CPI data first, followed by plenty of Fed speakers
Fed
ECB's Lane says it takes time for monetary easing to have an impact
European Central Bank Chief Economist Lane speaking in Hong Kong
ECB
UK CPI inflation unexpectedly cools to 2.5% YoY in December vs. 2.7% forecast
United Kingdom’s Office for National Statistics will release the December CPI data on Wednesday.
Inflation
EconomicIndicator
UnitedKingdom
SEO
GBPUSD
USD/INR loses traction as traders brace for US CPI data
The Indian Rupee (INR) weakens on Wednesday, pressured by intense demand for the US Dollar (USD).
USDINR
SEO
India
EmergingMarkets
Macroeconomics
US December CPI data due Wednesday, ranges of estimates (& why they're crucial to know)
Discover how unexpected US data results can significantly impact markets
Bonds
SPX
USD
Japanese Yen bulls regain control on BoJ Governor Ueda's hawkish remarks, intervention fears
The Japanese Yen (JPY) struggles to gain any meaningful traction and languishes near a multi-month low against its American counterpart amid doubts over the Bank of Japan's (BoJ) rate hike plans.
USDJPY
BOJ
Inflation
Fed
SEO
Australian Dollar gains ground due to risk-on market sentiment, US CPI awaited
The Australian Dollar (AUD) holds steady on Wednesday after two consecutive days of gains against the US Dollar (USD).
AUDUSD
SEO
Macroeconomics
Australia
TradeWar
Bank of England speakers coming up - Taylor on inflation and economic outlook
Two Bank of England speakers on Wednesday, January 15, 2025
BOE
South Korea Trade Balance unchanged at $6.49B in December
South Korea Trade Balance unchanged at $6.49B in December
USDKRW
TradeBalance
SouthKorea
NZD/USD trades with mild gains near 0.5600 as traders await US CPI data
The NZD/USD pair posts modest gains to near 0.5600 on Wednesday during the Asian trading hours.
NZDUSD
Majors
Macroeconomics
South Korean impeached President Yoon has been arrested
South Korean media with the reports of his arrest after he tried to impose martial law back in December
KRW
PBoC injects 959bn yuan in open market operations (offsetting maturing MLF)
To offset impact of MLF expiration and peak tax season
pboc
PBOC sets USD/ CNY reference rate for today at 7.1883 (vs. estimate at 7.3240)
PBOC CNY reference rate setting for the trading session ahead.
CNY
China Stock Market
China
CNH
pboc
WTI holds above $76.50 on US sanctions on Russian oil exports
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $76.75 on Wednesday.
Oil
WTI
Commodities
Macroeconomics
UBS forecasts EUR/USD to 1 by March, but then recovering to 1.06
UBS says that despite the USD being very over valued EUR/USD can fall further
EUR
USD
Goldman Sachs' three reasons to expect GBP stabilisation and recovery
But risks from a strong US dollar and UK fiscal challenges persist
GBP
PBOC is expected to set the USD/CNY reference rate at 7.3240 – Reuters estimate
PBOC CNY reference rate setting for the trading session ahead.
CNY
China Stock Market
China
CNH
pboc
Barclays forecasting the Bank of Japan to remain on hold in January, rate hike in March
Bank of Japan deputy governor Himino was not dovish
EUR/USD looks up from the low end ahead of key CPI print
EUR/USD found enough gas in the tank for an intraday rally on Tuesday, rising over eight-tenths of one percent on the day as Euro bidders hope that a potential accord in France could stave off a total collapse of the European country’s government.
EURUSD
CPI
Inflation
Japan Money Supply M2+CD (YoY) up to 1.3% in December from previous 1.2%
Japan Money Supply M2+CD (YoY) up to 1.3% in December from previous 1.2%
TradeBalance
Japan
MoneySupply
GBP/USD grapples with lows as key inflation data looms ahead
GBP/USD is mired in near-term technical consolidation near the 1.2200 handle as key inflation metrics from the US and UK growth figures loom large through the midweek sessions.
GBPUSD
CPI
Inflation
US President-elect Trump is looking to enact pro-fossil fuel executive orders
President-elect Donald Trump is preparing executive orders aimed at boosting American fossil fuels ahead of his inauguration next Monday, per the Wall Street Journal.
UnitedStates
Oil
Macroeconomics
South Korea December unemployment rate surges to 3.7% (from 2.7% in November)
A 3.5 year high for the jobless rate
KRW
USD/CAD weakens to near 1.4350 on cooler-than-expected US PPI inflation data
The USD/CAD pair remains on the defensive around 1.4350 during the early Asian session on Wednesday, pressured by the disappointing US December Producer Price Index (PPI) data.
USDCAD
Majors
Macroeconomics
South Korea Unemployment Rate up to 3.7% in December from previous 2.7%
South Korea Unemployment Rate up to 3.7% in December from previous 2.7%
USDKRW
Employment
SouthKorea
Former Japan MoF official says Trump and Japan can work together to send USD/JPY lower
Nikkei rep[orting on views from former MoF official Yamasaki
JPY
Trump is preparing executive orders aimed at boosting American fossil fuels
TL;DR is 'more drilling'
Oil
Why the lower PPI result means higher US inflation
Citi and Morgan Stanley have both nudged forecasts higher
Bonds
SPX
USD
Forexlive Americas FX news wrap 14 Jan: PPI final demand lower than expectations.CPI next.
Forex news for North American trading on Jan 14, 2025
Session wrap
Wrap Nth America
Oil - private survey of inventory shows a headline crude oil draw greater than expected
This is from the privately surveyed oil stock data ahead of official government data tomorrow morning out of the US.
Oil
United States API Weekly Crude Oil Stock came in at -2.6M, above expectations (-3.5M) in January 10
United States API Weekly Crude Oil Stock came in at -2.6M, above expectations (-3.5M) in January 10
Oil
UnitedStates
US: Headline Producer Prices rose below estimates 3.3% YoY in December
The latest data from the Bureau of Labor Statistics (BLS) shows that producer prices climbed 3.3% in December compared to a year earlier.
DollarIndex
Inflation
UnitedStates
EconomicIndicator
United States Producer Price Index ex Food & Energy (MoM) registered at 0%, below expectations (0.3%) in December
United States Producer Price Index ex Food & Energy (MoM) registered at 0%, below expectations (0.3%) in December
UnitedStates
PPI
Inflation
United States Producer Price Index (MoM) below forecasts (0.3%) in December: Actual (0.2%)
United States Producer Price Index (MoM) below forecasts (0.3%) in December: Actual (0.2%)
UnitedStates
PPI
Inflation
United States Producer Price Index (YoY) registered at 3.3%, below expectations (3.4%) in December
United States Producer Price Index (YoY) registered at 3.3%, below expectations (3.4%) in December
UnitedStates
PPI
Inflation
United States Producer Price Index ex Food & Energy (YoY) came in at 3.5%, below expectations (3.8%) in December
United States Producer Price Index ex Food & Energy (YoY) came in at 3.5%, below expectations (3.8%) in December
UnitedStates
PPI
Inflation
Economic calendar in Asia 15 January 2025 - ECB's Lane speaking
ECH chief economist Lane is speaking in Asia
economic calendar
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