ULTIMI ARTICOLI

USD strength in Asia morning trade

The US dollar is higher, currencies lower pretty much across the board against it.

Singapore data: December NODX +6.8% y/y (beats expected of -0.7%)

 Singapore’s December non-oil domestic exports
(NODX) in Dec 2020
– expected -0.7%, prior -5.0% y/y 
– for the m/m +6.6% (SA) (+3.7% prior)
Electronics exports +13.7% y/y (prior -4%)

China data is due at 0200GMT – GDP preview

Data from China due on Monday 18 January 2021 at 10 am Beijing time (0200GMT):
As posted earlier:
I’m a wee bit snowed under so if you are after a preview I’ll refer to this helpful pice from Reuters that discusses what’s going on China a little more widely also:

Reuters Japan monthly tankan – manufacturers index less pessimistic but non-manufacturers slump deeper negative

The monthly Reuters poll seeks to track the Bank of Japan’s tankan quarterly survey.
– January manufacturers’ sentiment index -1 vs December -9
– Service-sector
index -11 in January vs December -4

Goldman Sachs forecasts for EUR/USD and USD/JPY (USD weaker)

Projections for the year ahead for these two major FX pairs:
GS cite:
GS like a higher AUD and CAD against the dollar also. 

US stock index futures are trading lower to kick off the new week

Globex trading is open and equity index futures are softer to open the week.
ICYMI its a US holiday on Monday:
Futures markets will be impacted. For equity index futures, for example (many others are similar but do check them out yourself if you need specifics)::

Canadian media report Biden to cancel Keystone XL pipeline permit on first day in office

Citing unnamed sources. This is a CAD negative, an impact on what would have been more exports.
Canada’s CBC news report:

The proposed pipeline would connect terminals in Hardisty, Alberta, and Steele City, Nebraska for export of synthetic crude oil and diluted bitumen from the oil sands of Canada.

BoA investor survey shows short USD still a very popular trade

Bank of America survey of 77 fund managers globally completed January 8 – 13 
Circa 33% (the largest group) said it’s too early to consider when the recent greenback selloff will stop

Monday morning levels – indicative forex prices – 18 January 2021

Good morning, afternoon or evening to all ForexLive traders and welcome to the start of the new FX week!
Some small change only from late Friday levels:
And, we’ll get to do the low liquidity thing, sort of, all over again tomorrow with:

Yellen will affirm commitment to a market-determined level for the USD rate

Dow Jones / with the report that:
Janet Yellen testifies on Capitol Hill Tuesday before the Senate Finance Committee as it considers her nomination to be the next U.S. Treasury secretary