Core CPI +2.6% vs +2.6% y/y prelim

The preliminary report can be found here. No change to the initial estimates as this just reaffirms the higher inflation pressures in the euro area amid the turn of the year. That will continue to keep the pressure on the ECB and their narrative that inflati

After the omicron case over the weekend, another positive case was reported yesterday. So, this adds to those figures. The Beijing municipal health commission is out saying that the cases have been found in several districts and warns of a complicated situation in terms of epidemic prevention and co

European stocks are now trading higher on the day, posting slight gains while US futures have also turned around deep losses to be in positive territory at the moment. S&P 500 futures are up 0.1% after being down by as much as 0.7% earlier while Nasdaq futures turned around a 1% drop earlier to be u

This compares with the previous release of 0930 local time. The change will take into effect starting from 20 January i.e. tomorrow. The full release can be found here.

There isn’t anything significant to take note of for today. However, there will be a couple layered for EUR/USD that are rolling off tomorrow at 1.1300 to 1.1360, so keep that in mind in case it plays into price action.
For more information on how to use this data, you may refer to this pos

Inflation is a very hot topic at the moment, and everyone is wondering if it will reach levels comparable to 1970’s. This is the first in a long time when well developed countries experience inflation, as they’ve rather been used to fight deflation in their economies. Last year, many economist

Volatility
in the Turkish lira has declined dramatically, finding other hotspots. Risky
attempts by the Turkish Central Bank to thwart a speculative attack have paid
off, providing respite to the national currency.

 

The
dollar has been mainly in a range of 13.10-13.90 Turkish liras so far this

The
cryptocurrency market lost 2% of its capitalisation in the past day to $2.0trn.
Buyers stepped up in the market between 8-11 January, soon after a dip to this
round level. But as we can see, the bulls‘ strength was not prolonged enough.

 

The
Crypto Fear and Greed Index added 2 points to 24.

And will likely cover its neighbouring prefectures as well. Expect an announcement to come some time this week, with reports citing that it could be imminent on Wednesday. From earlier this week:More virus restrictions set to come in JapanMore on Tokyo to enter a ‚quasi‘ state of emergency

Prior -7.4
Outlook 51.7 vs 32.7 expected
Prior 29.9

The current conditions reading slumped to start the new year but the key takeaway for me is the sharp jump in the outlook reading. That reveals that investors are more upbeat about overall conditions in the months ahead, with ZEW not