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ForexLive Asia-Pacific FX news wrap: Awaiting the US CPI data, USD/JPY fell on Ueda
Forex news for Asian trading on Wednesday, January 15, 2025
Session wrap
Wrap Asia
Canadian Dollar Futures Analysis for Today
Bullish above: 0.6989, Bearish below: 0.6977. Our TradeCompass enables traders to benefit from a simple map for today - 15 Jan 2025. Trade the CAD at your own risk only.
CAD
More from Bank of Japan Governor Ueda - lots of positive talk about wage hikes
Bank of Japan Governor Ueda speaking at a BoJ branch manager meeting
BOJ
JPY
GBP/USD trades with mild negative bias around 1.2200 ahead of UK/US inflation data
The GBP/USD pair attracts some sellers during the Asian session on Wednesday, albeit it lacks follow-through and remains well within the previous day's broader trading range.
GBPUSD
BOE
CPI
Fed
Currencies
European Central Bank speeches today from de Guindos, Villeroy, Vujcic
ECB events for Wednesday, January 15, 2025
ECB
Nasdaq Futures Analysis for Today
Bullish above: 21020, Bearish below: 20898. Our TradeCompass enables traders to benefit from a simple map for today - 15 Jan 2025. Trade Nasdaq Futures at your own risk only.
Nasdaq
Nasdaq Technical Analysis
BoJ Gov Ueda says will raise rates if improvement in economy & price conditions continues
Bank of Japan Governor Ueda
BOJ
JPY
S&P 500 Futures Analysis for Today
Bullish above: 5891, Bearish below: 5879. Our TradeCompass enables traders to benefit from a simple map for today. Trade S&P 500 Futures at your own risk only.
S&P Technical Analysis
SPX
S&P Futures
S&P Futures Technical Analysis
Indonesia Trade Balance registered at $2.24B, below expectations ($3.79B) in December
Indonesia Trade Balance registered at $2.24B, below expectations ($3.79B) in December
ForeignTrade
Indonesia
Indonesia Imports above forecasts (4.84%) in December: Actual (11.07%)
Indonesia Imports above forecasts (4.84%) in December: Actual (11.07%)
ForeignTrade
Indonesia
TikTok making plans to disable its app for U.S. users on Sunday
A federal law banning the platform takes effect that day
General
Indonesia Exports came in at 4.78% below forecasts (7.38%) in December
Indonesia Exports came in at 4.78% below forecasts (7.38%) in December
ForeignTrade
Indonesia
Federal Reserve speakers coming up Wednesday, January 15, 2025
CPI data first, followed by plenty of Fed speakers
Fed
ECB’s Lane: It takes time for monetary easing to impact and take effect
European Central Bank (ECB) Chief Economist Phillip Lane is speaking at Goldman Sachs' Global Macro conference in Hong Kong on Wednesday.
ECB
CentralBanks
InterestRate
EURUSD
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 at 7.1883 vs. 7.1878 previous
On Wednesday, the People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.1883 as compared to the previous day's fix of 7.1878 and 7.3240 Reuters estimates.
USDCNY
PBOC
CentralBanks
Currencies
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
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