Prior €2.0 billion; revised to €1.8 billion

The euro area trade balance shrunk in November to a deficit, with exports seen rising by 3.0% m/m while imports were up 4.5% m/m. In non-seasonally adjusted terms, trade balance was seen at -€8.3 billion on the month.

Pressure
on US tech stocks was a significant theme in US trading yesterday, dragging
cryptocurrencies down. The Crypto market capitalisation adjusted 1.1% overnight
to $2.05 trillion.

 

Bitcoin
is losing 2% overnight, down to $42.8K, and ether is losing about 1.5% to
$3.3K. Other top coins are d

The pair threatened to break its 200-day moving average (blue line) in trading yesterday, only to settle just above it into the close after equities slumped – resulting in a less friendly mood for risk trades.
Oil also fell as a result and that saw the loonie reverse gains from 1.2453 to back abo

German GDP grew by 2.7% in 2021
Inflation upwards trend to weaken noticeably from January
Q4 growth to be subdued due to production difficulties, COVID-19 restrictions

It’s funny to se how they are that confident on the inflation outlook when they view that supply bottlenecks are goin