Macro Events & News

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

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Andria Pichidi

Market Analyst


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