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Calendar event / 1 hour agopreviousforecastactualHigh Working Gas In Storage, Net Chg (Cbf)-91B-79B-81BMed Working Gas In Storage (Cbf)2614B2535B2533B
Calendar event / 3 hours ago
US Unemployment Insurance Weekly Claims Report - Initial ClaimspreviousforecastactualHigh Jobless Claims216K220K213KHigh Continuing Claims17220001737000Low Jobless Claims, Net Chg-17K-3KLow Continuing Claims, Net Chg-28K+18K
Calendar event / 7 hours ago
EU Harmonised CPIpreviousforecastactualHigh CPI, Y/Y%+1.9%+1.6%+1.6%High Core CPI, Y/Y%+1%+1%+1%Med CPI, M/M%-0.2%0%0%Med Core CPI, M/M%-0.3%+0.5%+0.5%Med Ex-Tobacco, M/M%-0.2%0%Med Ex-Tobacco, Y/Y%+1.9%+1.5%
Squawk / 9 hours agoUSDCAD bull trend neutralised; USDJPY indecisive
A more aggressive selloff for the USDCAD Forex rate into mid-January, as we had flagged, was assisted by a rebound in the Oil price (benefiting the Canadian Dollar) and has pushed through some notable USDCAD support levels (see below).
This has shifted the intermediate-term outlook for USDCAD from bullish to neutral, with asymmetrical risks towards an intermediate-term shift to bearish.
As expected, the USDJPY currency pair continued the rebound since the “flash crash” that started the year, to push above the 108.90 level, which neutralised the intermediate-term bearish outlook, to set a broader range theme into the second half of January.
See the full article and video analysis here: https://www.forextraders.com/forex-charts/technical-analysis/usdcad-bull-trend-neutralised-usdjpy-indecisive/
Calendar event / 16 hours ago
SG Merchandise Trade, incl non-oil domestic exports (NODX)previousforecastactualMed Non-Oil Exports, Y/Y%-2.6%+2.1%-8.5%Med Electronics Exports, Y/Y%+4.5%-11.2%Med Non-Electronics Exports, Y/Y%-5.2%-7.4%Med Pharmaceutical Exports, Y/Y%+8.4%-26.8%
Calendar event / Yesterday at 15:30 GMT
US EIA Weekly Petroleum Status ReportpreviousforecastactualHigh Crude Oil Stocks, Net Chg (Bbl)-1.68M-2M-2.683MHigh Gasoline Stocks, Net Chg (Bbl)+8.066M+2.3M+7.503MHigh Distillate Stocks, Net Chg (Bbl)+10.611M+0.9M+2.967MMed Crude Oil Stocks (Bbl)439.738M437.055MMed Gasoline Stocks (Bbl)248.062M255.565MMed Distillate Stocks (Bbl)140.042M143.009MMed Refinery Usage96.1%95.4%94.6%Med Total Prod Supplied (Bbl/day)19.764M20.864MMed Total Prod Supplied, Net Chg (Bbl/day)+0.708M+1.1M
Calendar event / Yesterday at 9:30 GMT
GB UK producer pricespreviousforecastactualHigh Output PPI, Y/Y%+3.1%+3%+2.5%Med Core Output PPI, M/M%+0.1%+0.2%Med Core Output PPI, Y/Y%+2.4%+2.5%Med Input PPI, M/M%-2.3%-1.6%-1%Med Input PPI, Y/Y%+5.6%+3.5%+3.7%Med Output PPI, M/M%+0.2%0%-0.3%
Calendar event / Yesterday at 7:00 GMT
DE CPIpreviousforecastactualMed Overall CPI, M/M%+0.1%+0.1%+0.1%Med Overall Index, Y/Y%+2.3%+1.7%+1.7%
Squawk / Yesterday at 6:40 GMTPound and FTSE retain a positive bias through key Brexit vote
The key Brexit vote came and went on Tuesday evening with a far larger defat for the government than anticipated, but with the net impact on UK financial markets muted.
The GB Pound saw a significant selloff with GBPUSD lower before and after the vote, but then a strong intraday rebound leaves GBPUSD in a technically positive position.
The FTSE 100 did dip, but again recovered, leaving risks skewed higher in the short-term.
The focus now shifts to today’s debate for a vote of no confidence in the government.
See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/pound-and-ftse-retain-a-positive-bias-through-key-brexit-vote/
Calendar event / Tuesday at 23:50 GMT
JP Orders Received for MachinerypreviousforecastactualMed Core Orders, M/M%+7.6%+3.1%0%Med Core Orders, Y/Y%+4.5%+0.8%