FX News Today
- Risk appetite waned during the Asian session.
- Japan remained closed for a holiday.
- US and European Stock futures, sold off in Asia.
- Weak Chinese trade data rekindled concerns over the impact of trade tensions and the outlook for world growth and earnings.
- China’s exports contracted 4.4% y/y in December, marking the first decline since the 3.0% drop in March of 2018, consistent with ongoing slowing.
- AUD, which many see as an indicator for global risk sentiment and is a liquid proxy for the Chinese Yuan sold off.
- Gold gained some ground to $1,292.69.
- WTI future is trading slightly below the $51 per barrel mark.
Charts of the Day
Main Macro Events Today
- Eurozone Industrial Production – Expectations – Production is expected to have contracted -1.4% m/m after dismal national data out of France, Germany and Italy for last month.
Support and Resistance Levels
Click here to access the HotForex Economic Calendar
Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.