Macro events & news for January 12, 2016

12 January, 2016

Macro events & news for January 12, 2016

FX News Today

Oil prices are pushing 12-year lows, trading below $31 bbl at the time of writing, as concerns about the global economy push traders into risk-off mode.

Commodity related currencies are under-performing the USD, with the AUD, NZD, and CAD all under pressure.

The U.S. Dow Jones stock markets closed higher on Monday, suggesting that the recent stock market sell off is starting to stabilize.

The EUR attempted to rally back over 1.0900, however failed to keep gains and fell back into the mid 1.08’s with the EURUSD lacking any meaningful direction without any market moving European economic data.

The economic calendar for today does not have any heavy data release on tap, apart from the GBP Industrial Production and the USD November JOLTS job opening survey.

Main Macro Events Today

• GBP U.K. November Industrial Production: Analyst expected a rise of 0.1% m/m, actual missed , and came in lower at -0.4%.

• USD Fed’s Stanley Fischer to Speak: No commentary

• EUR ECB speak from Praet and Lautenschlaeger: On January 6, 2016 Praet said the following “the ECB stands ready to take all measures that are necessary to bring inflation to 2%. If you print enough money you will always get inflation. Always”. “But if oil and commodities prices tumble, it is more difficult to allow inflation to rise. If a whole series of such factors occur, you can’t do anything other than somewhat postpone the data on which you seek to reach the higher rate of inflation”. “The emergence of bubbles is a justified concern”.


Source link  
The dollar remained on the ebb

The narrow trade-weighted USD index is showing a modest 0.2% loss as the London interbank opens, at 93.23, having extended the decline from...

Trump bump seemed to get renewed

That added to an already optimistic tone after signs of solid consumption growth and fixed investment in the U.S. Q2 GDP and with the strength...

Fed VC Fischer steered clear of policy

Asian stock markets moved modestly higher on the last day of the third quarter. Hopes that the U.S. tax reform will boost growth underpinned...


FTSE 100 futures are slightly higher

Asian stock markets are narrowly mixed and fluctuating at high levels, as trading volumes are low and investors await the Fed decision...

Markets have come quite a way up

Both central banks are widely expected to keep policy on hold, but the BoE’s statement in particular will be watched carefully...

Dollar traded softer vs many currencies

European Outlook: Asian stock markets mostly moved higher in quiet trade, after Wall Street managed to close with slight gains...


Oil prices are holding above USD 49

Yesterday there was a relatively dovish view from the nonvoting president, Fed Bullard, who continues to twist between a hawkish...

Dollar majors playing narrow ranges

EUR-USD held in the upper 1.18s, below the 31-month high logged midweek at 1.1910, and Cable settled in the mid 1.31s, consolidating the sharp losses...

UK100 is at 0.62% gain for the day

UK preliminary Q2 GDP came on the nose at 0.3% q/q and 1.7% y/y, up from Q1’s 0.2% in the case of the q/q figure and down from Q1’s 2.0% y/y...

  


Share: