Corona Virus
Stay Safe, FollowGuidance
Fetching Location Data…
Bob Mason
US Economy

Earlier in the Day:

It’s was a relatively busy start to the day on the economic calendar this morning. The Japanese Yen and the Aussie Dollar were in action. Economic data from the UK and from China were also in focus in the early part of the day.

For the Japanese Yen

In November, core machinery orders increased by 1.5%, following a 17.1% jump in October. Economists had forecast a 6.2% slide. Year-on-year, core machinery orders were down by 11.3%, following a 2.8% increase in October. Economists had forecast a 15.4% tumble.

The Japanese Yen moved from ¥103.814 to ¥103.812 against the U.S Dollar upon release of the numbers. At the time of writing, the Japanese Yen was down by 0.18% to ¥104.08 against the U.S Dollar

For the Aussie Dollar

Building permits increased by 2.6% in November, following a 3.3% rise in October.

According to the ABS, private sector houses rose 6.1%, while private sector dwellings excluding houses fell 3.9%.

The Aussie Dollar moved from $0.77485 to $0.77466 upon release of the stats that preceded trade data from China. At the time of writing, the Aussie Dollar was up by 0.09% to $0.7740.

From the UK

The RICS House Price Balance slipped from 66% to 65% in December. Economists had forecast a decline to 62%.

The Pound moved from $1.36460 to $1.36464 upon release of the figures.

From China

In December, China’s trade surplus widened from $75.4bn to $78.17bn. Economists had forecast a narrowing to $72.35bn.

  • Exports rose by 18.1%, year-on-year, following a 21% jump in November. Economists had forecast a 15% rise.
  • Imports increased by a more modest 6.5%, following a 4.5% rise in November. Economists had forecast a 5% increase.

The Aussie Dollar moved from $0.77401 to $0.77416 upon release of the trade data.


At the time of writing, the Kiwi Dollar was up by 0.07% to $0.7183.


The Day Ahead:

For the EUR

It’s a relatively quiet day ahead on the economic calendar. German GDP numbers for the year are due out today. With ECB President Lagarde standing by the ECB economic projections, today’s figures will give some idea of what to expect for the Euro bloc.

The ECB monetary policy meeting minutes will also garner some attention this afternoon.

Away from the economic calendar, expect COVID-19 news updates and Italian politics to also influence.

To support the optimistic economic outlook, EU member states will need to ramp up vaccination rates near-term.

From Italy, uncertainty over the government coalition will be another test.

At the time of writing, the EUR was down by 0.06% to $1.2150.

For the Pound

It’s another particularly quiet day ahead on the economic calendar. There are no material stats to provide the Pound with direction.

A lack of stats will continue to leave the Pound in the hands of COVID-19 news.

At the time of writing, the Pound was down by 0.03% to $1.3635.

Across the Pond

It’s a relatively quiet day ahead on the economic calendar. The weekly jobless claims figures are due out later today.

Expect plenty of interest in the first set of numbers of the year. Influence on market risk appetite will depend upon stimulus updates from Capitol Hill.

Away from the economic calendar, expect news from Capitol Hill and COVID-19 news to remain the key driver near-term.

At the time of writing, the Dollar Spot Index was up by 0.11% to 90.451.

For the Loonie

It’s a quiet day on the economic data front, with no material stats due out to provide the markets with direction.

The lack of stats will leave the Loonie in the hands of market risk sentiment on the day.

A sizeable stimulus package would support further upside for crude oil prices and the Loonie near-term.

At the time of writing, the Loonie was up by 0.02% to C$1.2696 against the U.S Dollar.

For a look at all of today’s economic events, check out our economic calendar.

Don't miss a thing!
Discover what's moving the markets. Sign up for a daily update delivered to your inbox

Trade With A Regulated Broker

  • Your capital is at risk
The content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial decision, you should perform your own due diligence checks, apply your own discretion and consult your competent advisors. The content of the website is not personally directed to you, and we does not take into account your financial situation or needs.The information contained in this website is not necessarily provided in real-time nor is it necessarily accurate. Prices provided herein may be provided by market makers and not by exchanges.Any trading or other financial decision you make shall be at your full responsibility, and you must not rely on any information provided through the website. FX Empire does not provide any warranty regarding any of the information contained in the website, and shall bear no responsibility for any trading losses you might incur as a result of using any information contained in the website.The website may include advertisements and other promotional contents, and FX Empire may receive compensation from third parties in connection with the content. FX Empire does not endorse any third party or recommends using any third party's services, and does not assume responsibility for your use of any such third party's website or services.FX Empire and its employees, officers, subsidiaries and associates, are not liable nor shall they be held liable for any loss or damage resulting from your use of the website or reliance on the information provided on this website.
This website includes information about cryptocurrencies, contracts for difference (CFDs) and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money.FX Empire encourages you to perform your own research before making any investment decision, and to avoid investing in any financial instrument which you do not fully understand how it works and what are the risks involved.