Market news

USD/JPY extends rebound above 114.50 on a quiet session

BoC Survey: Q4 indicator hits record high of 5.99 as business sentiment in Canada improves again

BoJ Preview: Forecasts from eight major banks, ditching long-held view on price risks

Colombia Trade Balance fell from previous $-1519.2M to $-2010M in November

GBP/USD testing key uptrend, eyeing bearish breakout back to 1.3600 ahead of busy week of UK data

USD/CAD bounces at 1.2500 level ahead of BoC BOC survey release in thin, US holiday thinned trade

USD/TRY trades on the defensive around 13.4000

USD/CAD: Scope for a fall to 1.2287 – Credit Suisse

AUD/USD consolidates above 0.7200, unfazed by mixed-Chinese data/PBoC rate cut in thinned trade

GBP/USD to test the 1.38 level on robust UK data – Scotiabank

EUR/USD to extend its gains on a break above 1.15 – Scotiabank

Canada Manufacturing Sales (MoM) registered at 2.6%, below expectations (3.1%) in November

Canada Foreign Portfolio Investment in Canadian Securities: $30.15B (November) vs $23.92B

Canada Canadian Portfolio Investment in Foreign Securities climbed from previous $5.41B to $17.52B in November

AUD/USD needs to close the week above 0.7341/49 to avoid a turn back lower – Credit Suisse

EUR/USD to enjoy a deeper recovery towards 1.1597/1.1631 – Credit Suisse

Gold Price Forecast: XAU/USD to complete a major top amid rising Real Yields and stronger USD – Credit Suisse

Gold Price Analysis: XAU/USD subdued in $1820 in this US holiday trade, eyeing potential dollar recovery

EUR/USD consolidates in 1.1400 area in thin US holiday trade as markets mull hawkish Fed bets

EUR/USD Price Analysis: Weakness expected to return below 1.1380

China: Solid exports growth in December – UOB

US Dollar Index Price Analysis: Further gains likely above 95.20

Eurozone money markets price in 20 bps ECB hike by December – Reuters

EUR/JPY Price Analysis: Next on the downside comes 130.00

China's President Xi: Overall momentum of China's economy is sound

South Korea: Extra rate hikes remain on the cards – UOB

USD/CNH: Failure to hold 6.3300 to clear the way towards 6.2940 – SocGen

GBP/USD to retest 200-DMA around 1.3740 on strong UK data releases – SocGen

EUR/USD to grind higher towards 1.1525/1.1540 – SocGen

Silver Price Analysis: XAG/USD to stage a change of trend lower below $21.68/42 – Credit Suisse

Italy Consumer Price Index (YoY) meets expectations (3.9%) in December

Italy Consumer Price Index (EU Norm) (MoM) meets forecasts (0.5%) in December

Italy Consumer Price Index (MoM) meets forecasts (0.4%) in December

Italy Consumer Price Index (EU Norm) (YoY) meets expectations (4.2%) in December

USD/CNH: Further weakness appears not favoured – UOB

EUR/USD regains traction, resumes the upside above 1.1400

AUD/USD to edge back below 0.7200 towards 0.7130 – OCBC

EUR/GBP set to hit fresh lows, sterling untouched by political noise – MUFG

AUD/USD may surprise many for its resilience in 2022, despite near-term challenges – HSBC

USD/JPY: Upside bias reinforced above 114.75 – UOB

US Dollar Index looks offered just above 95.00

USD/JPY: 114.00 to 115.00 range likely ahead of BoJ meeting – OCBC

Turkey Budget Balance: -145.74B (December) vs previous 32B

EUR/USD: Not looking on a move above 1.1500 – ING

USD/CAD: Any rebound to stall around the 1.2600 level – ING

EUR/USD: Correction to extend on failure to hold above 1.1400

EUR/GBP to slip below 0.8300 in the near-term – ING

AUD/USD keeps the mixed outlook unchanged – UOB

Natural Gas Futures: Further consolidation appears likely

GBP/USD: A move to 1.3800 seems to be running out of steam – UOB

Crude Oil Futures: Rally looks unabated

Gold Price Forecast: XAU/USD to challenge key resistance at $1,830

Norway Trade Balance rose from previous 78.7B to 106B in December

GBP/JPY Price Analysis: Bounces off 100-SMA to snap three-day downtrend

USD/JPY Price Analysis: Bulls cross 200-SMA but 115.10 appears tough nut to crack

EUR/USD: Upside pressure alleviated below 1.1390 – UOB

Gold Futures: Further losses not ruled out

USD/TRY: Lira pares intraday losses around $13.50 ahead of Turkish budget data

Forex Today: Quiet start to the week, dollar recovery loses steam on MLK Day

BoJ: No change seen at its meeting this week – UOB

AUD/USD Price Analysis: 50-DMA probes bears inside monthly bullish channel

EUR/USD struggles to defend 1.1400 amid mixed concerns on US holiday

Japan PM Kishida: Coronavirus response is government's highest priority

Japan's Suzuki: Will strive to stably issue JGB through close dialogue with markets

Gold Price Forecast: XAU/USD rises above $1,813 key support amid USD pullback – Confluence Detector

USD/IDR Price News: Rupiah pares intraday gains above $14,300 on mixed Indonesia trade numbers

Japan Tertiary Industry Index (MoM) registered at 0.4% above expectations (-0.9%) in November

Indonesia Trade Balance below expectations ($3.13B) in December: Actual ($1.02B)

Indonesia Imports came in at 47.93%, above forecasts (39.4%) in December

NBS Head Jizhe: Downward pressure on China's economy still relatively big

Asian Stock Market: China defends bulls from virus woes

Indonesia Exports below expectations (40.4%) in December: Actual (35.3%)

USD/CAD: BoC meeting eyed 26 Jan, hawks can hamstring bullish correction

USD/INR Price News: Indian rupee struggles at one-week low, 74.10 in focus

GBP/USD: UK politics is in the driving seat, BoE in focus also

Commodities. Daily history for Friday, January 14, 2022

NZD/USD Price Analysis: Bears brace for monthly support below 0.6800 on mixed China data

AUD/USD stays pressured at 0.7200 amid upbeat China GDP, softer Retail Sales and risk-off mood

USD/TRY Price Analysis: Bears stay in charge despite firmer US dollar

China data beats expectations besides Retail Sales miss, AUD/USD holds around 0.7200

China Fixed Asset Investment (YTD) (YoY) came in at 4.9%, above forecasts (4.8%) in December

China Gross Domestic Product (QoQ) registered at 1.6% above expectations (1.1%) in 4Q

China Industrial Production (YoY) registered at 4.3% above expectations (3.6%) in December

China Gross Domestic Product (YoY) registered at 4% above expectations (3.6%) in 4Q

China Retail Sales (YoY) below forecasts (3.7%) in December: Actual (1.7%)

USD/CNY fix and liquidity operations: 6.3599 vs est 6.3604, PBoC to sell 700 Bln Yuan of 1-year MLF

Goldman Sachs slashes US GDP 2022 from 3.8% to 3.4%

Beijing tightens rules for entering city after Omicron case, China GDP eyed

Schedule for today, Monday, January 17, 2022

EUR/USD Price Analysis: Drops towards 1.1380 support confluence

When is China’s Q4 GDP and how could it affect the AUD/USD?

USD/CAD Price Analysis: The hourly 61.8% golden ratio is eyed for the opening sessions

WTI Price Analysis: Retreats from three-month high but $80.00 is the key support

USD/JPY stays firmer past 114.00 on strong US dollar

Currencies. Daily history for Friday, January 14, 2022

United Kingdom Rightmove House Price Index (YoY) increased to 7.6% in January from previous 6.3%

UK self-isolation law set to be scrapped in favor of move towards ‘learning to live with Covid’ – Telegraph

United Kingdom Rightmove House Price Index (MoM) up to 0.3% in January from previous -0.7%

Japan Machinery Orders (MoM) above expectations (1.4%) in November: Actual (3.4%)

Japan Machinery Orders (YoY) above forecasts (6.1%) in November: Actual (11.6%)

GBP/USD Price Analysis: Further downside hinges on 1.3655 break

AUD/USD: Sour sentiment directs sellers towards 0.7200 ahead of China GDP

China's Q4 GDP growth seen hitting 1-1/2-year low, raising heat on policymakers

PBOC Dep. Governor Guiping signalled rising inflation and tightening monetary policies

Gold Price Analysis: XAU/USD bears in charge as US dollar firms in risk-off conditions

NZD/USD bears attack 0.6800 on USD rebound, firmer yields, China GDP eyed

EUR/USD bulls look to 1.15 the figure for the week ahead, 50-hour EMA in focus

AUD/USD Price Analysis: Bears pressure 0.72 the figure, eyes on key employment data