Market news

Powell speech: Inflationary pressures on track to last well into 2022

USD/JPY: Gains should become more limited – MUFG

US CPI: Core and headline inflation to print at 5.4% and 7.1%, respectively – Nordea Markets

Powell speech: Need to focus a little more on inflation goal than maximum employment goal

Gold Price Forecast: XAU/USD extends its rally to three days in a row, remains above $1800

USD/MXN Price Analysis: Unable to recover, remains near 20.30

Powell speech: Economy no longer needs highly accommodative policy

Powell speech: Will use tools to get inflation back down

United States IBD/TIPP Economic Optimism (MoM) dipped from previous 48.4 to 44.7 in January

FOMC Chairman Powell appears before Senate for his confirmation hearing – live stream

USD/TRY looks consolidative below 14.00

WTI pulls back from session highs above $80.00 to $79.00 area as US equities drop at the open

Fed's George: Will be appropriate to move earlier in running down balance sheet versus last time

Fed's Mester: If economy looks in March as it does now, would support a hike at that meeting

EUR/USD Price Analysis: Selling pressure alleviated above 1.1390

United States Redbook Index (YoY): 14.4% (January 7) vs previous 18.8%

USD/JPY jumps to fresh daily top, further beyond mid-115.00s ahead of Powell

EUR/GBP hits multi-year lows for second session running under 0.8330

India: Facing up to a new wave – ING

Fed's Clarida announces resignation, two weeks before terms on Fed board set to end

Malaysia: Foreign Portfolio inflows at highest since 2012 in December – UOB

US Dollar Index Price Analysis: Further losses likely below 95.70

EUR/USD subdued just below its 50DMA in 1.1330s as markets await Powell testimony

USD/CHF recovers early lost ground, hovers near multi-week high ahead of Powell

GBP/USD retreats from two-month high, back below 1.3600 ahead of Fed's Powell

Brazil IPCA Inflation came in at 0.73%, above forecasts (0.65%) in December

Mexico Industrial Output (YoY) came in at 1.6% below forecasts (2.4%) in November

Mexico Industrial Output (MoM) came in at -0.1% below forecasts (0.5%) in November

EUR/JPY Price Analysis: Potential consolidation around the 200-day SMA

Fed's Bostic: March reasonable for first rate increase

ECB's Nagel: Inflation surge not entirely due to temporary factors

South Africa Manufacturing Production Index (YoY): -0.7% (November) vs -8.9%

United States NFIB Business Optimism Index: 98.9 (December) vs 98.4

USD/CAD Price Analysis: Bears flirt with 100-DMA/50% Fibo. confluence, below mid-1.2600s

Malaysia: Unemployment stayed put at 4.3% in November – UOB

ECB's Lagarde: People can trust our commitment to price stability is unwavering

WHO's Kluge: More than 50% of population in Europe to catch Omicron in next 6-8 weeks

Gold Price Forecast: XAU/USD climbs to $1,810, multi-day top ahead of Powell’s hearing

Philippines: Trade deficit balloons to record as economy gradually reopens – ING

Spain 12-Month Letras Auction: -0.534% vs -0.616%

Spain 6-Month Letras Auction rose from previous -0.689% to -0.574%

USD/INR Price News: Indian rupee rallies to fresh four-month highs near 73.80

US NFP: Job creation disappointed in December – UOB

EUR/USD resumes the upside and approaches 1.1350, looks to Lagarde

AUD/USD flirts with daily high, remains below 0.7200 mark ahead of Powell's hearing

Italy Retail Sales s.a. (MoM) down to -0.4% in November from previous 0.1%

Italy Retail Sales n.s.a (YoY) up to 12.5% in November from previous 3.7%

USD/TRY extends range play just below 14.00, ignores Turkey’s lira protection scheme

FX option expiries for January 11 NY cut

GBP/JPY refreshes daily high, bulls looking to build on momentum beyond 157.00 mark

USD/CNH: Upside bias looks improved – UOB

US Dollar Index looks offered in the sub-96.00 region ahead of Powell

Spain Industrial Output Cal Adjusted (YoY) came in at 4.8%, above forecasts (0.6%) in November

NZD/USD clings to modest gains around 0.6765-70 area, upside seems limited

Forex Today: Dollar retreats alongside yields as focus shifts to Powell hearing

Turkey Current Account Balance below expectations ($-2.675B) in November: Actual ($-2.681B)

USD/JPY holds steady above 115.00 mark, awaits Powell's Senate hearing

Gold Price Forecast: XAU/USD still has game even as Fed talks hawkishly – TDS

USD/CHF Price Analysis: Consolidates the biggest daily gains since June below 0.9300

China: PBOC may cut the MLF rate – ANZ

GBP/USD pokes two-month top around 1.3600 as USD pullback supersedes Brexit, covid fears

USD/JPY now moved into a consolidative phase – UOB

Natural Gas Futures: Extra gains on the cards

ECB’s Lane: Inflation to fall below the central bank’s target of 2% in the coming years

NZD/USD faces solid support in the 0.6700 region – UOB

Crude Oil Futures: Extra losses not ruled out

GBP/USD could still visit the 1.3630 level – UOB

BOJ sees 2% price target nearer with wages key – MNI

Gold Futures: Room for further upside

Silver Price Analysis: XAG/USD eases to $22.50 inside weekly rising wedge

EUR/USD: No change to the mixed outlook – UOB

Asian Stock Market: A sober welcome to Japanese traders

Gold Price Forecast: XAU/USD remains at the mercy of yields, key levels to watch – Confluence Detector

Netherlands, The Consumer Price Index n.s.a (YoY) rose from previous 5.2% to 5.7% in December

WTI Price Analysis: Stays on the bumpy road to $80.00

Japan Leading Economic Index up to 103 in November from previous 100.2

Japan Coincident Index up to 93.6 in November from previous 88.7

EUR/USD remains steady around 1.1350 ahead of ECB’s Lagarde, Fed’s Powell

USD/CAD fades bounce off monthly low near 1.2650 on firmer oil prices, tepid sentiment

AUD/USD Price Analysis: BPC formation tests bulls below 0.7200

USD/IDR Price News: Rupiah prints four-day uptrend on firmer Indonesia Retail Sales

US Dollar Index Price Analysis: DXY eyes further downside past 96.00 inside nearby trading range

Fed Chair Powell to offer hints about QT and lift-off timing – TDS

Commodities. Daily history for Monday, January 10, 2022

USD/INR Price Analysis: Indian rupee clings to two-month high near 74.00 as RSI signals pullback

Brexit Update: DUP’s Donaldson says UK must publish NI protocol timetable

Economists: Impact of Omicron on UK economy expected to be modest – FT

Fed will hike rates in March to tame inflation – ANZ

Yields extend pullback from yearly high amid mixed concerns ahead of Fed’s Powell

China’s Official: Economies should coordinate to avoid policy shocks

NZD/USD is back under pressure in choppy condiitons

USD/TRY Price Analysis: Multiple Dojis signal Turkish lira seller’s indecision above 21-DMA

USD/CNY fix: 6.3684 vs the previous fix of 6.3653

Schedule for today, Tuesday, January 11, 2022

USD/JPY snaps three-day downtrend above 115.00 even as yields retreat, inflation eyed

AUD/JPY Price Analysis: Keeps bounce off 200-DMA, monthly support on strong Australia Retail Sales

Aussie Retail Sales pushes AUD higher towards key resistance

GBP/JPY Price Analysis: Weekly W-formation remains in play

AUD/USD inches closer to 0.7200 as risk-on mood joins mixed Aussie data

Australia Exports (MoM) rose from previous -3% to 2% in November

Australia Trade Balance (MoM) below expectations (10600M) in November: Actual (9423M)

Australia Retail Sales s.a. (MoM) came in at 7.3%, above forecasts (3.9%) in November

Australia Imports (MoM) climbed from previous -3% to 6% in November

Higher bond yields should not be disruptive for equities – JP Morgan

Currencies. Daily history for Monday, January 10, 2022

GBP/USD Price Analysis: Eyes to regain 1.3600 inside weekly rising triangle

Japan JP Foreign Reserves down to $1405.75B in December from previous $1405.8B

United Kingdom BRC Like-For-Like Retail Sales (YoY) down to 0.6% in December from previous 1.8%

WTI bears move in below $80.00 as suply risks abate

Gold Price Forecast: XAU/USD approaches $1,805 hurdle on softer yields, Fed's Powell, inflation eyed

Japan JP Foreign Reserves remains unchanged at $1405.8B in December

EUR/USD Price Analysis: Stays on the defensive mode above 1.1300

South Korea Current Account Balance below expectations (10.44B) in November: Actual (7.16B)

AUD/USD struggles below 0.7200 on bearish chart play, inflation woes ahead of Aussie data

NZD/JPY Price Analysis: Sellers showed up amid a risk-off market mood trades below the 200-DMA

NZD/USD: Limited bullish potential below 0.6800 amid inflation, coronavirus fears

Federal Reserve Jerome Powell testifies Tuesday, prepared remarks out

USD/CAD Price Analysis: The bearish playbook is unfolding, daily M-formaiton in focus

GBP/USD fails to break the 1.3600 figure as sellers emerge, pushing the pair towards 1.3570s

AUD/USD Price Analysis: Bears moving in, eyes for restest of H1 lows

EUR/JPY recovers back from session lows alongside stocks to 130.50 area, remains vulnerable risk appetite

Forex Today: US inflation takes center stage this week

USD/CHF powers December highs near 0.9300 as analysts expect more hawkish Fed plus signs of SNB intervention

USD/JPY Price Analysis: Bears eye a test below 115 the figure

EUR/USD Price Analysis: Bears appear at the 50-DMA, but it remains around 1.1320s

Gold Price Forecast: Bears are seeking a break of $1,790 support

Silver Price Forecast: XAG/USD steady around $22.38 as market participants expect four Fed hikes

EUR/GBP rebounds back above 0.8350 after printing fresh multi-year lows

AUD/JPY falls under 200DMA, last week’s lows as its tracks US equity market downside

GBP/JPY Price Analysis: Plummets 100-pips down to 156.00

GBP/USD: Pound likely to drop before bouncing higher later in 2022 – MUFG

NZD/USD falls back to 0.6750, eyes last week’s lows as kiwi struggles amid safe-haven flows

USD/INR: To enter back on a structural depreciation trend after a positive first half of 2022 – MUFG

USD/CAD: Loonie expected to appreciate further in the coming months – NFB