Important upcoming events and publications for January, 8 (GMT):
10:00 Germany Industrial production rarely spark a big volatility for EUR. However, recently markets have focused their attention to the region’s data, fearing signs of an unnecessarily abrupt economic cooling. In this case, analysts expect production decline in November by 0.8% y/y.
11:30 U.K. HBOS House Price index is expected to confirm the sharp cooling of the growth to just 0.4% y/y. Weak data can put some pressure on GBP, becoming an additional sign of economic slowdown.
16:30 U.S. Trade Balance is closely monitored by markets, as trade wars are the focus of market participants. The deficit has increased over the past year, but the November data is expected to be slightly reduced from 55.5B to 54.0B. Deviations from expectations can have a short-term impact on the dynamics of USD.
See the detailed Economic calendar here
Market picture Crypto market capitalisation rose 3.3% in 24 hours to $2.22 trillion. Local capitalisation…
- EURJPY under strong bearish pressure - Likely to fall to support level 163.10 EURJPY…
- WTI broke round support level 80.00 - Likely to fall to support level 76.00…
The monthly ADP labour market report showed that America created 192K new jobs in April, above…
Bears showed strength ahead of the FOMC decision. U.S. indices sagged on Tuesday as investors…
Market Picture Bitcoin's closing price on Tuesday became the lowest since late February, confirming the…
This website uses cookies