Headlines:
The British Pound extends the selloffReminder: It is a pseudo market holiday in the US todayWeekly update on interest rate expectationsEurozone November retail sales +0.1% vs +0.4% m/m expectedGermany November trade balance €19.7 billion vs €14.8 billion expectedGermany November industrial production +1.5% vs +0.5% m/m expectedBavaria December CPI +3.0% vs +2.4% y/y priorUS December Challenger layoffs 38.79k vs 57.73k priorPIMCO remains positive on UK gilts despite selloffBOJ raises assessment for 2 of Japan's 9 regions in latest quarterly reportMany Japanese firms see need to keep hiking wages, says BOJMarkets:
In other markets, equities remain more tentative in general but European indices are continuing to hold modest gains to start the new year. As for commodities, gold continues to shine brightly as it creeps up above $2,670 to its highest in nearly four weeks. $2,700 next?
With it being a pseudo market holiday in the US, there won't be too much for traders to really work with. All the focus and attention instead now turns to the US jobs report tomorrow. So, that will be the key risk event for broader markets to round off the trading week.
This article was written by Justin Low at www.forexlive.com. Read More Details
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