US December retail sales -1.9% vs 0.0% expected
January prelim UMich consumer sentiment 68.8 vs 70.0 expected
ECB’s Lagarde: Monetary accommodation is still needed for inflation to settle at 2% over the medium term
Jamie Dimon: There could be six or seven rate hikes this year
Fe

EURUSD on the 4-hour chart

The EURUSD moved lower and lower today. In the process, the pair moved below what was a swing area going back to November. That area held earlier in the week.  
Moving below, increased the bearish bias and kicked the price lower. 
Looking at the 5 minute char

Treasury yields are at the highs of the day but that’s no obstacle for US stocks. The S&P 500 is nearly back to unchanged after falling by more than 40 points a few hours ago.
In FX, the dollar remains strong but is giving a bit back in the past hour. AUD/USD has tracekd up to 0.7213 from a low of 0

Lockdowns in China and thousands of flight cancellations have done nothing to dent buying demand in crude oil since late December. Now crude is threatening last year’s high of $85.41 per barrel.
It rose as high as $84.22 today and settled up $1.70 to $83.82. It’s been on a one-way run since hitting

Oil looks poised for a fourth straight week of gains and buyers are continuing to show plenty of appetite even as the week winds down. Price is now trading above $83 to its highest since 10 November:

The technical break above $80 is still running and that has been a supportive factor to the recen

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

The firm now sees the Fed hiking rates by 25 bps each quarter through to Q3 2023, starting from March this year. Adding that they expect the Fed to start reducing its balance sheet as an additional means of removing monetary accommodation in Q3 2023. On the rate hikes, two certainly was rather conse