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Key Points
- U.S. December Nonfarm Payrolls increased by 256,000, significantly exceeding market expectations of 155,000, while the unemployment rate edged down slightly to 4.1% from the previous month's 4.2%.
- The stronger-than-expected performance of the U.S. labor market has solidified expectations for the Federal Reserve to maintain interest rates. A rate pause in January is now widely anticipated, with similar expectations for March and May.
- The yield on the 10-year U.S. Treasury rose to nearly 4.8%, while the 30-year yield broke above 5.0% at one point.
- Reports suggest that the Bank of Japan may revise inflation forecasts upward during its January meeting due to rising rice prices and exchange rate volatility. This has fueled speculation that the Bank of Japan might consider a rate hike, strengthening the yen.
- If the UK CPI comes in higher than expected this week, it could push gilt yields higher and intensify concerns over the UK’s worsening fiscal outlook.
Key Economic Events This Week
+ January 14: U.S. December Producer Price Index (PPI)
+ January 15: UK December Consumer Price Index (CPI), U.S. December CPI
+ January 16: UK November GDP, Germany December CPI, U.S. December Retail Sales
+ January 17: UK December CPI
EUR/USD Chart Analysis
The pair faced resistance at the anticipated high of 1.04500, resulting in a significant drop back toward the 1.02000 level. While there has been a slight temporary rebound, the pair is expected to resume its downward trajectory, potentially extending losses to the 1.01000 level. Should the 1.01000 support break, we may see the pair decline further toward parity (1.00000).
It’s great to have you all here. Please feel free to share your personal opinions in the comments. Don’t forget to hit the like button and subscribe!
Key Points
- U.S. December Nonfarm Payrolls increased by 256,000, significantly exceeding market expectations of 155,000, while the unemployment rate edged down slightly to 4.1% from the previous month's 4.2%.
- The stronger-than-expected performance of the U.S. labor market has solidified expectations for the Federal Reserve to maintain interest rates. A rate pause in January is now widely anticipated, with similar expectations for March and May.
- The yield on the 10-year U.S. Treasury rose to nearly 4.8%, while the 30-year yield broke above 5.0% at one point.
- Reports suggest that the Bank of Japan may revise inflation forecasts upward during its January meeting due to rising rice prices and exchange rate volatility. This has fueled speculation that the Bank of Japan might consider a rate hike, strengthening the yen.
- If the UK CPI comes in higher than expected this week, it could push gilt yields higher and intensify concerns over the UK’s worsening fiscal outlook.
Key Economic Events This Week
+ January 14: U.S. December Producer Price Index (PPI)
+ January 15: UK December Consumer Price Index (CPI), U.S. December CPI
+ January 16: UK November GDP, Germany December CPI, U.S. December Retail Sales
+ January 17: UK December CPI
EUR/USD Chart Analysis
The pair faced resistance at the anticipated high of 1.04500, resulting in a significant drop back toward the 1.02000 level. While there has been a slight temporary rebound, the pair is expected to resume its downward trajectory, potentially extending losses to the 1.01000 level. Should the 1.01000 support break, we may see the pair decline further toward parity (1.00000).
네이버 카페 :
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
네이버 카페 :
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.