Macro Events & News

FX News Today

Risk appetite waned during the Asian session.

Japan remained closed for a holiday.

US and European Stock futures, sold off in Asia.

Weak Chinese trade data rekindled concerns over impact of trade tensions d the outlook for world growth and earnings.

China’s exports contracted 4.4% y/y in December, marking the first decline since the 3.0% drop in March of 2018, consistent with ongoing slowing.

AUD, which many see as an indicator for global risk sentiment and is a liquid proxy for the Chinese Yuan sold off.

Gold gained some ground to $1,292.69.

WTI future is trading slightly below the $51 per barrel mark.

Macro Events & News

Charts of the Day

EURUSD

Main Macro Events Today

Eurozone Industrial Production – Expectations – The production expected to have contracted -1.4% m/m after dismal national data out of France, Germany and Italy for that month.

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