Latest Chinese credit data for December has been released – 12 January 2021
Broad money growth eases slightly towards the end of last year but remains rather elevated as China continues to maintain a healthy supply of credit in order to try and bolster the economy amid the virus crisis.

Bild reports on the matter
The newspaper cites officials who took part in a meeting of the German CDU/CSU party, says that Merkel warned that the country still needs „eight to ten weeks of hard lockdown measures“, if not „we will have 10 times the number of cases by Easter“.

Gold pushes higher to $1,862 as buyers hold a defense of its 200-day moving average upon the recent drop
Of note, buyers are continuing to keep a defense of the 200-day moving average (blue line) after the drop on Friday and yesterday failed to close below the key level.

Latest data released by Sentix – 11 January 2021

US Secretary of State Mike Pompeo says the US has for many decades been self-imposing restrictions on how it interacts with Taiwan:
Various media reports on Pompeo’s statement note that its likely to anger China and increase tensions. Yes, no doubt. 

If there’s a bull case, this is it
The US dollar held a steady bid from Wed-Fri after the Democrats won the Senate and it was the top performing currency after the result became clear.

Dow, S&P and Nasdaq closes at record close
The US stocks closed higher on the day. The Nasdaq led the way with a gain of over 1%.  
The final numbers are showing:

Forex news for North American trade on January 8, 2020:
Market:
If you look at the FX ticker, it doesn’t look like it was much of a day in the market:
The reality was that it was full of significant developments, twists and turns.

Weekly forex futures positioning data from the CFTC
– EUR long 143K vs 143K long last week. Long position unchanged
– GBP long 4K vs 5K long last week. Longs trimmed by 1K

It may be 50% more-transmissible
A White House covid task force document seen by NBC News highlights a variant in the US that might be 50% more-transmissible and may be spurring the latest jump in cases.