Headlines:
ECB set to wrap up the central bank bonanza this monthWeekly update on interest rate expectationsThe bond market is in focus as yields edge lowerA clash in month-end FX rebalancing signals this month - DeutscheBOJ's Himino says will raise rates if economy, prices move in line with forecastEurozone January final consumer confidence -14.2 vs -14.2 prelimEurozone Q4 flash GDP +0.0% vs +0.1% q/q expectedFrance Q4 preliminary GDP -0.1% vs 0.0% q/qGermany Q4 preliminary GDP -0.2% vs -0.1% q/q expectedItaly Q4 preliminary GDP +0.0% vs +0.1% q/q expectedSpain January preliminary CPI +3.0% vs +2.9% y/y expectedGermany December import price index +0.4% vs +0.3% m/m expectedUK December mortgage approvals 66.53k vs 65.40k expectedMarkets:
We did get euro area Q4 GDP data and those reaffirmed poor showings in France and Germany, that led to a stagnation in the Eurozone economy in the final quarter of 2024. It is as anticipated and won't mess up expectations for the ECB ahead of their policy decision later.
Elsewhere, we do have gold nudging closer to test its October high near $2,790 while Bitcoin is still floating above $100,000 in search of its next momentum leg over the last week-and-a-half.
This article was written by Justin Low at www.forexlive.com. Read More Details
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