This feels more like the very start of a new year, so welcome back one and all. The dollar is still sitting in a good place, largely maintaining gains from the beginning of the year. EUR/USD is hovering near 1.0300 while USD/JPY is racing up and targeting 158.00 today. Elsewhere, USD/CNY is also trending higher to its highest level since the last levels of 2023. Cha-Ching. 💲💲
Looking ahead to the session ahead, there won't be too much to shake the market sentiment. We'll be getting final PMI releases from the eurozone and the UK before we get to the German inflation report for December. The state figures are usually reported the same day before the national release but from what I can see, those will be released on January 9th instead.
0815 GMT – December services in Spain, PMI mixed
0845 GMT – December services in Italy, PMI mixed
0850 GMT – France December final services, mixed PMI
0855 GMT – Germany final services in December, PMI mixed
0900 GMT – December Eurozone final services, PMI mixed
0900 GMT – SNB total view deposits we 3 January
0930 GMT – Eurozone January Sentix Investor Confidence
0930 GMT – UK services final in December, PMI mixed
1300 GMT – German December CPI preliminary figures
That's all for the next session. I wish you a great day ahead and good luck with your business! Stay safe out there.
