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<ul><li>Recent data have confirmed December projections</li><li>But inflation was slightly below forecast</li></ul><p>After the more aggressive messaging by ECB hawks yesterday, this is very much a toned down approach. But given the stage in Davos, it is perhaps understandable. Carry on as you will.</p&g

<ul><li>Eurostoxx -0.7%</li><li>Germany DAX -0.7%</li><li>France CAC 40 -0.7%</li><li>UK FTSE -0.5%</li><li>Spain IBEX -0.8%</li><li>Italy FTSE MIB -0.8%</li></ul><p>This continues the drop from yesterday, with US futures also coming under pressure as the sess

<p>His remarks in full at the WEF in Davos:</p><p>"Barring major surprises – we look at the Middle East – our next move will be a cut, probably this year. I will not comment on the season."</p> This article was written by Justin Low at www.forexlive.com.

<p>It continues to be a case of he says, she says as traders are not buying into the ECB pushback whatsoever. A rate cut for April is still fully priced in for the moment with odds of a March rate cut even sitting at ~24%.</p> This article was written by Justin Low at www.forexlive.com.

<ul><li>Prior -13k; revised to 9k</li><li>November ILO unemployment rate 4.2% vs 4.2% expected</li><li>Prior 4.2%</li><li>November employment change 73k vs 50k expected</li><li>Prior 50k</li><li>November average weekly earnings +6.5% vs +6.8% 3m/y expected</li><li>P

<ul><li>Prior +3.2%</li><li>HICP +3.8% vs +3.8% y/y prelim</li><li>Prior +2.3%</li></ul><p>There is no change to the initial estimates as German headline inflation ticks a little higher at the end of last year. But core prices are still seen easing, so that will provide some comfort for the ECB

<p>USD</p><ul><li>The Fed <a href="https://www.forexlive.com/news/fomc-decision-no-change-to-rates-2024-median-dot-46-vs-49-expected-20231213/">left interest rates unchanged</a> as expected at the last meeting with a shift in the statement that indicated the end of the tightening cycle. </li><l

<p>There aren't any major expiries to take note of for the day. As such, trading sentiment will revolve more around the technicals and broader market mood. On the latter, risk tones are leaning more defensively to start the day while Treasury yields are sitting higher. 10-year yields are up 4.9 bps to 3.999% but just […]

<p>The greenback is leading gains across the board in the major currencies space as we look towards European trading. Higher yields is one of the reasons for that, adding to an <a href="https://www.forexlive.com/news/reports-iran-fired-a-ballistic-missile-which-struck-near-the-us-consulate-in-erbil-iraq-20240115/" target="_b

US Dollar Index Rises on Hawkish ECB, Rising Yields; Australian, New Zealand Dollars Reach 1-Month Lows, Markets Await Canadian Inflation Data