Daily Briefing – Monday, January 15, 2018


Reports on Friday that The Netherlands and Spain had agreed to work together for a soft Brexit proved beneficial for the pound which closed trading at 1.3732 against the greenback. This morning in the Asia-Pacific market, the GBP is trading up from Friday’s close at 1.3747. Since no UK data is due out today, its movement in the European and US market session will depend extraneous factors. On the European front, the EURUSD is currently trading at 1.2214, up from Friday’s close. Keep an eye on political developments in Germany and on the Trade Balance figures.



The US markets are closed today for a federal holiday and no data is scheduled to be published in Canada but with the price of oil on the rise, influenced by its significant crude sector, the CAD might very well react.




Buoyed by a slump in the USDCNY, the NZD has opened the week on a bullish note, reaching the highest since September last year. Today’s Retail Sales figures may definitely have an effect. The USD fell against the JPY on Friday, closing at 111.03. With data coming out today in Japan and in New Zealand, both currencies are in traders’ radars.




Crude Oil prices are on the rise, with Brent rising to $70 supported by continuing cuts by Russia and OPEC. WTI is at $64.53. Gold closed last week at $1338.20 an ounce, buoyed by a weaker USD. Keep an eye on this one.




As we enter the quarterly corporate earnings season, keep an eye on the daily releases which tend to affect stock movement.




Today’s Events


10:00 GMT EUR: Trade Balance
21:00 GMT NZD: Business Confidence
02:00 GMT +1 CNY: FDI – Foreign Investment

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