<ul><li>Prior €11.1 billion</li></ul><p>The seasonally adjusted trade balance also shows an improving surplus of €14.8 billion, where exports were seen up 0.9% on the month while imports fell by 0.6% on the month.</p> This article was written by Justin Low at www.forexlive.com.
Blogs
German economy ministry says key economic headwinds likely to diminish this year
<p>The economy ministry adds that a recovery will be primarily driven by the domestic economy, although early indicators do not signal any quick recovery as of yet. A positive takeaway is that German GDP is at least still 0.7% higher than what it was in 2019, the year before the Covid pandemic struck.</p><p>Looking at the [&hellip
Market Outlook for the Week of 15-19 January
<p dir="ltr">The week kicks off with a U.S. holiday in observance of Martin Luther King Jr. Day.</p><p dir="ltr">On Tuesday, Australia will release the Westpac Consumer Sentiment data; the U.K. will print the Claimant Count Change, Average Earnings Index 3m/y and the unemployment rate; Canada will get inflation
SNB total sight deposits w.e. 12 January CHF 476.3 bn vs CHF 468.8 bn prior
<ul><li>Domestic sight deposits CHF 467.8 bn vs CHF 457.1 bn prior</li></ul><p>Swiss sight deposits increased once again on the week, as the SNB has already moved to the sidelines on monetary policy. The levels are still not too much changed though, with this moving back up to where it was back in November:</p> T
Germany 2023 full-year GDP -0.3% vs -0.3% expected
<ul><li>Prior (2022) +1.8%</li></ul><p>This is just the preliminary figure but it matches with estimates in confirming negative growth in the German economy last year. This is largely due to the manufacturing recession and weaker consumption activity in Europe's largest economy.</p> This article was written
NZD/USD threatens bigger drop on break of recent consolidation
<p>Besides outright weakness in Chinese yuan, I'm not seeing all too much other reason for the drop in the antipodean currencies today. The aussie and kiwi are among the laggards alongside the Japanese yen, with the kiwi being the weakest of the bunch. NZD/USD is down 0.6% to near 0.6200 as it looks like sellers […]
European equities hold light gains at the open today
<ul><li>Eurostoxx +0.1%</li><li>Germany DAX +0.1%</li><li>France CAC 40 +0.1%</li><li>UK FTSE +0.1%</li><li>Spain IBEX +0.3%</li><li>Italy FTSE MIB +0.1%</li></ul><p>A rebound in Grifols shares today is helping the IBEX hold a slight edge over the other region
Apple Had the Worst Start of the Year Since the 80s. What's in Store Next?
<p>The company, boasting the world’s largest capitalization, emerged as a gainer in the unstable market of 2023. However, the onset of 2024 witnessed a setback, with Apple stock decreasing for the first four sessions of the year. Let's delve into the reasons behind this downturn and assess whether it casts doubt on Apple's future pr
China economic growth to slow to 4.6% in 2024 – Reuters poll
<p>The latest poll by Reuters shows that economists are not convinced of much improvement in China's economic prospects for next year. The forecast shows 2024 GDP growth to slow to 4.6%, although this is a marginal improvement to the 4.5% forecast in the October poll.</p><p>2023 GDP growth is forecast at 5.2%, also a slight s
FX option expiries for 15 January 10am New York cut
<p>There are a couple to take note of, as highlighted in bold.</p><p>And both are for EUR/USD, at the 1.0950 and 1.1000 levels. Given that there is still notable resistance at the 1.1000 mark, the expiries could help to keep price action more contained just below that and around current levels before rolling off. That especially [