Forex Today: Antipodeans rally in Asia, ECB Bulletin, UK data eyed

The Antipodeans emerged the top gainer in a quiet Asian session this Thursday, replicating the moves seen in Asia a day before. No fresh catalysts were in sight for the rally, except for the overnight rally in commodities’ prices. Meanwhile, the US dollar failed to sustain the recovery attempts across its main competitors, which added to the weight on USD/JPY. Also, the upbeat Japanese datasets boosted the Yen, sending USD/JPY briefly below 113 handle.

Among other related markets, the Asian stocks traded mostly higher near one-year tops, while gold prices eased-off 4-week tops near $ 1293. WTI remained better bid, but below the $ 60 mark.

Main topics in Asia

Japan said to mull developing long-range cruise missile: Sankei

Japan industrial output, retail sales rise more-than-expected in Nov

Reuters offers key details on the Japanese industrial output and retail sales data released earlier today, with the main points found below.

Gold consolidates near 4-week tops, $ 1300 still in sight

Gold futures on Comex eased-off multi-week tops reached at $ 1293.20 in the overnight trades, now consolidating yesterday’s rally amid broad-based US dollar recovery.

South Korea Govt to carry out additional measures regarding cryptocurrency trading

Reuters came out with the latest headlines on cryptocurrencies, citing that the South Korean government is planning to conduct an additional review of the cryptocurrency exchanges.

Key Focus ahead

Yet another data-quiet EUR calendar today, with the UK high street lending data and ECB economic bulletin due to be reported. Meanwhile, we have the final batch of US economic data for this year lined up for release, which includes the US jobless claims, Chicago PMI, goods trade balance and EIA crude inventories report.

EUR/USD refreshes 4-week tops near 1.1910, what’s next?

The EUR/USD pair staged a solid comeback in the Asian trades, having bounced-off the daily pivot located at 1.1885 levels in a bid to regain the 1.1900 mark.

GBP/USD: Will buyers retain control above 1.3400?

The bulls regained poise after the overnight dip, now pushing GBP/USD pair back towards the two-week tops of 1.3430, as we progress towards the early European trading.

Oil due for a 'sharp correction' in 2018 - Barclays

CNBC reports the commentary from Michael D. Cohen, head of energy commodities research, Barclays, arguing that oil prices risk a ‘sharp correction’ in 2018.

State of the American Wallet: What's in Store for 2018?

MarketWatch has "One Sure-Fire Prediction for 2018 " Americans will take on even more debt.

GMT
Event
Vol.
Actual
Consensus
Previous
Wednesday, Dec 27
23:00
2.5%
 
-1.9% Revised from -1.7%
23:00
0.2%
1.2%
-1.5% Revised from -1.1%
23:50
1.4%
-0.6%
-0.7%
23:50
2.2%
1.2%
-0.2%
23:50
1.9%
0.0%
0.0%
23:50
¥76.2B
 
¥-622.2B Revised from ¥-622.5B
23:50
¥434.2B
 
¥52.3B Revised from ¥51.0B
23:50
3.7%
6.0%
5.9%
23:50
0.5%
0.5%
0.5%
23:50
 
 
Thursday, Dec 28
06:00
 
5.90%
5.43%
06:00
 
6.50%
5.01%
06:00
 
 
51.5
06:00
 
 
-0.2%
07:00
 
 
97.9
08:30
 
 
-3.1B
09:00
 
 
n/a
 
 
1.73%
n/a
 
 
0.58%
n/a
 
40.472K
40.488K
11:00
 
 
0.52%
12:30
 
$-67.6B
$-68.3B
12:30
 
-49.700B
-30.494B
12:30
 
-10.000B
4.758B
13:00
 
 
4.4%
n/a
 
 
$430.3B
13:30
 
240K
245K
13:30
 
1.900M
1.932M
13:30
 
0.4%
-0.5% Revised from -0.4%
14:45
 
62.5
63.9
15:00
 
 
8.6%
15:30
 
-102B
-182B
16:00
 
-3.925M
-6.495M
18:00
 
 
2.23%
Friday, Dec 29
n/a
 
 
1.6%
00:01
 
 
00:01
 
 
104.8
00:30
 
 
5.3%
00:30
 
 
0.4%
07:00
 
 
-7.32B
08:00
 
1.5%
1.8%
08:00
 
 
0.3%
08:00
 
 
1.7%
09:00
 
 
11.1%
09:00
 
 
€2.36B
09:00
 
 
2.7%
09:00
 
 
5.1%
09:00
 
4.8%
5.0%
10:00
 
 
-0.8%
10:00
 
 
3.2%
10:00
 
 
5,253.21B
11:00
 
 
2%
11:00
 
 
0.3%
11:00
 
 
12.2%
11:30
 
 
4.7%
11:30
 
 
$401.39B
12:00
 
 
6.7%
12:00
 
 
0.6%
12:00
 
 
4.56B
13:00
 
0.6%
0.3%
13:00
 
0.5%
0.3%
13:00
 
1.4%
1.8%
13:00
 
1.5%
1.8%
13:00
 
 
2.5%
13:00
 
 
0.5%
18:00
 
 
747
20:30
 
584.9K
601.8K
20:30
 
$101.9K
$113.8K
20:30
 
$92.4K
$83.2K
20:30
 
£27.4K
£20.4K
20:30
 
¥-103.0K
¥-114.4K
20:30
 
€83.1K
€86.2K
20:30
 
$-49.0K
$-12.7K
21:00
 
 
45.32B

 

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