Headlines:
Euro, sterling in retreat mode to start the new yearWhat will major central banks be up to in January?ICYMI: China has adjusted its yuan basket weightings for this yearEurozone November M3 money supply +3.8% vs +3.5% y/y expectedEurozone December final manufacturing PMI 45.1 vs 45.2 prelimUK December final manufacturing PMI 47.0 vs 47.3 prelimUK December Nationwide house prices +0.7% vs +0.1% m/m expectedUS MBA mortgage applications w.e. 27 December -12.6% vs -0.7% priorMarkets:
Elsewhere, gold is off to a decently hot start as well as it climbs to a two-week high of $2,644 while silver is trading back up above $29 after holding at the double bottom from the December lows around $28.80. Could this be the year where silver finally outperforms gold on the back of more industrial demand as well? We'll see.
This article was written by Justin Low at www.forexlive.com. Read More Details
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