Market news

US Retail Sales: Despite December’s decline, outlook still positive – Wells Fargo

USD/JPY tumbles to three-week lows near 113.50

NZD/USD dips back to 0.6820s as dollar stages tentative rebound

USD/CAD buyers reclaim the 200-DMA and the 1.2500 figure amid dismal US economic data

US: Consumer Sentiment falls to 68.8 in early January versus 70.0 expected, according to UoM

United States Michigan Consumer Sentiment Index came in at 68.8 below forecasts (70) in January

United States Business Inventories came in at 1.3%, above expectations (1%) in November

US Dollar Index regains the smile and approaches 95.00

AUD/USD slips back under 0.7250 as stocks slide, traders fret Omicron impact on Aussie economy

United States Capacity Utilization below expectations (77%) in December: Actual (76.5%)

United States Industrial Production (MoM) came in at -0.1% below forecasts (0.4%) in December

EUR/USD turns negative and returns to 1.1440, focus on US data

Gold Price Analysis: XAU/USD remains subdued in $1820s as traders look to subdued bond, FX markets

Breaking: US Retail Sales slide by 1.9% in December vs. 0.1% expected decline

United States Import Price Index (YoY) below expectations (12.8%) in December: Actual (10.4%)

United States Export Price Index (YoY) came in at 14.7% below forecasts (18.1%) in December

United States Retail Sales ex Autos (MoM) below expectations (0.2%) in December: Actual (-2.3%)

United States Retail Sales (MoM) registered at -1.9%, below expectations (0%) in December

United States Export Price Index (MoM) came in at -1.8% below forecasts (1.1%) in December

United States Import Price Index (MoM) came in at -0.2% below forecasts (0.3%) in December

United States Retail Sales Control Group came in at -3.1% below forecasts (0.1%) in December

USD/TRY lacks clear direction, remains muted around 13.6000

ECB's Lagarde: Our commitment to price stability remains unwavering

GBP/USD fails to break above 200DMA in 1.3730s despite solid UK GDP figures, back to consolidation ahead of US data

EUR/USD Price Analysis: Immediately to the upside comes 1.1500 and above

US Dollar Index Price Analysis: Extra losses could extend to the 93.80 zone

EUR/JPY Price Analysis: Looks rangebound near term

India M3 Money Supply registered at 9.9% above expectations (9.2%) in December 31

European Monetary Union Trade Balance s.a. down to €-1.3B in November from previous €2.4B

European Monetary Union Trade Balance n.s.a. down to €-8.3B in November from previous €3.6B

India Trade Deficit Government below expectations ($22B) in December: Actual ($21.68B)

WTI rebounds towards two-month highs above $82 despite looming China risks

US: Inflation rises to 4-decade high in December – UOB

German economy grew by 2.7% in 2021 – Destatis

German Economy Ministry: Inflation upwards trend to weaken noticeably from January

Germany Real GDP Growth meets forecasts (2.7%)

Gold Price Forecast: XAU/USD consolidates in weekly highs near $1,830, US Retail Sales eyed

Sweden Consumer Price Index (MoM) came in at 1.3%, above expectations (1.2%) in December

Sweden Consumer Price Index (YoY) registered at 3.9% above expectations (3.8%) in December

USD/CNH: Downward bias gathers steam – UOB

Natural Gas Futures: Downside seen limited

USD/JPY is expected to meet solid support around 113.60 – UOB

Crude Oil Futures: Probable correction near term

Spain Consumer Price Index (MoM) came in at 1.2%, below expectations (1.3%) in December

Spain Consumer Price Index (YoY) registered at 6.5%, below expectations (6.7%) in December

Spain HICP (YoY) below forecasts (6.7%) in December: Actual (6.6%)

Spain HICP (MoM) came in at 1.1% below forecasts (1.2%) in December

France Budget dipped from previous €-171.62B to €-181.02B in November

France Inflation ex-tobacco (MoM) dipped from previous 0.4% to 0.2% in December

France Consumer Price Index (EU norm) (MoM) in line with expectations (0.2%) in December

France Budget declined to €-181.019B in November from previous €-171.62B

France Consumer Price Index (EU norm) (YoY) meets forecasts (3.4%) in December

AUD/USD now seen testing 0.7335 near term – UOB

United Kingdom Industrial Production (MoM) came in at 1%, above expectations (0.2%) in November

United Kingdom Total Trade Balance rose from previous £-2.027B to £0.626B in November

UK Manufacturing Production rises by 1.1% MoM in November, a big beat

United Kingdom Industrial Production (MoM) came in at 0.7%, above forecasts (0.2%) in November

GBP/USD stays unfazed above 1.37 after UK GDP beats estimates with 0.9% in November

United Kingdom Index of Services (3M/3M) above forecasts (0.5%) in November: Actual (1.3%)

United Kingdom Manufacturing Production (YoY) registered at 0.4% above expectations (-0.3%) in November

United Kingdom Manufacturing Production (MoM) above forecasts (0.2%) in November: Actual (1.1%)

United Kingdom Trade Balance; non-EU registered at £-5.665B above expectations (£-7.407B) in November

United Kingdom Goods Trade Balance above forecasts (£-14.2B) in November: Actual (£-11.337B)

United Kingdom Trade Balance; non-EU registered at £0.4B above expectations (£-7.407B) in November

United Kingdom Goods Trade Balance registered at £1.1B above expectations (£-14.2B) in November

United Kingdom Industrial Production (YoY) came in at 0.1% below forecasts (0.5%) in November

United Kingdom Industrial Production (MoM) above expectations (0.2%) in November: Actual (1%)

United Kingdom Gross Domestic Product (MoM) came in at 0.9%, above expectations (0.4%) in November

US Dollar Index drops further and tests the 94.60 region ahead of data

Forex Today: Dollar stays under pressure ahead of key US data

UK: GDP and manufacturing to surprise to the upside in November – TDS

Further gains still likely in GBP/USD – UOB

India WPI Inflation came in at 13.56%, above forecasts (13.5%) in December

Gold Futures: Further correction not favoured

AUD/USD Price Analysis: Ascending triangle breakout, bull cross call for a retest of 0.7315

EUR/USD now targets the 1.1500 mark and above – UOB

EUR/USD pushes higher and targets 1.1500 ahead of ECB, key data

Bank of Korea hikes again, leaves options open – ING

USD/CAD testing bullish commitments at 200-DMA ahead of US Retail Sales

RBA: QE to end in February despite Omicron – ANZ

USD/INR Price News: Indian rupee corrects further after topping out near 73.75

GBP/USD bulls moved in on the 1.3730s but has stalled

BOK’s Lee: Reaching policy rate of 1.5% still can't be viewed as 'tightened'

China Trade Balance CNY increased to 604.69B in December from previous 460.68B

China Exports (YoY) CNY increased to 17.3% in December from previous 16.6%

AUD/USD steady after China trade balance, holds around the base of sell-off

China Exports (YoY) registered at 20.9% above expectations (20%) in December

China Imports (YoY) below expectations (26.3%) in December: Actual (19.5%)

China Trade Balance USD came in at $94.46B, above expectations ($74.5B) in December

China’s Dec Trade Balance: Surplus expands amid a bigger-than-expected drop in imports

China Trade Balance CNY declined to 94.46B in December from previous 460.68B

China Exports (YoY) CNY: 20.9% (December) vs 16.6%

BOJ seen telegraphing an eventual interest rate hike even before inflation hits 2% target – Reuters

Commodities. Daily history for Thursday, January 13, 2022

USD/TRY Price Analysis: Bulls are testing critical daily resistance

EUR/USD Price Analysis: Bulls eye an extended rally towards monthly targets

PBOC sets USD/CNY reference rate at 6.3677

Schedule for today, Friday, January 14, 2022

China: Trade likely to remain firm amid robust exports and imports – TDS

BOK hikes key rates by 25bps to pre-pandemic level of 1.25%

USD/JPY cracks 114.00 amid USD weakness and bearish wedge

Gold Price Forecast: XAU/USD under pressure as US dollar stabilizes

South Korea BoK Interest Rate Decision meets expectations (1.25%)

Australia Investment Lending for Homes climbed from previous 1.1% to 3.8% in November

Australia Home Loans above expectations (0%) in November: Actual (7.6%)

Australia Home Loans registered at 6.3% above expectations (0%) in November

Currencies. Daily history for Thursday, January 13, 2022

Japan Producer Price Index (YoY) came in at 8.5% below forecasts (8.8%) in December

Japan Producer Price Index (MoM) below expectations (0.3%) in December: Actual (-0.2%)

Japan Foreign Bond Investment climbed from previous ¥-416.5B to ¥617.3B in January 7

Japan Foreign Investment in Japan Stocks rose from previous ¥17.1B to ¥781.1B in January 7

Fed's Waller: Could start shrinking Fed balance sheet by summer

NZD/USD Price Analysis: Extend its rally to three days though retreats from 0.6890 to 0.6860s

AUD/JPY Price Analysis: Slump for the second-straight day, approaches 83.00

AUD/USD Price Analysis: Bears are moving in and eye a run to 0.72 the figure

GBP/USD Price Analysis: Bears press 1.3700 critical daily support

EUR/USD rally cools, pair consolidates in 1.1450 area as traders assess whether dollar long-squeeze is done

Outgoing Fed's Clarida: Policy normalisation in 2022 would be consistent with Fed's AIT framework

USD/CAD Price Analysis: Bulls moving in for the kill, 38.2% Fibo 1.2550 eyed

Fed's Evans: Three rate hikes a good “opening bid” for 2022, could be four if inflation doesn't abate

Forex Today: Dollar sellers pause, but retain control

Argentina Tax Revenue (MoM): 1179.89B (December) vs 1034.964B

AUD/USD approaches 0.7300 amid a risk-off market mood

Argentina Consumer Price Index (MoM): 4.1% (December) vs 2.3%

NZD/USD consolidates in 0.6875 area after impressive, dollar weakness driven two-day run higher from under 0.6800

Gold Price Forecast: XAU/USD moves lower in a technical test of critical support

Fed's Evans: Inflation is too high, monetary policy not well positioned for this

GBP/JPY Price Analysis: Failure to breach last week high gave way for bears, falls below 157.00

United States 30-Year Bond Auction rose from previous 1.895% to 2.075%

USD/JPY collapses to test 114 the figure, 113.99 traded

Silver Price Forecast: XAG/USD faces strong resistance at the confluence of the 50/100-DMA

United States 4-Week Bill Auction: 0.04% vs previous 0.05%

S&P 500 slips amid downside in tech names, now testing the 4700 level

Fed's Barkin: The closer inflation returns to target, the easier to normalise rates more slowly

Brainard speech: We will be in a position to start lifting rates as soon as QE ends (March)

WTI pulls back slightly from recent $83.00 highs, remains well support as dollar remains weak

EUR/USD finds support at 1.1445, the dollar remains weak

USD/CHF Price Analysis: Falls below the 200-DMA, briefly pierced under the 0.9100 figure