- Morgan Stanley on the upcoming massive rug pull
- Rising demand, tight supply still supporting oil
- Société Générale on scope for further appreciation for EUR
- China Caixin/Markit PMIs Services (January) 51.4 (prior 53.1)
- PBOC sets USD/ CNY reference rate for today at 6.3580 (vs. estimate at 6.3235)
- Travel numbers over China's holiday week are still well short of 2019 results
- South Korea will create a database of chip engineers to discourage poaching by China firms
- Australia Retail Sales (ex Inflation) +8.2% q/q for Q4 2021 (vs. est 7.8% & prior -4.4%)
- Australia - ANZ job advertisements survey for January: -0.3% m/m ( prior -5.5%)
- State of Emergency declared in Canada's capital Ottawa
- Credit Suisse has securitized a portfolio of loans tied to yachts and private jets
- Janet Yellen is talking about (not) leaving her role at Treasury
- Japanese media reporting an extension of coronavirus measures is being planned
- Oil - Biden took a step towards thawing relations with Iran over the weekend
- Australia services PMI for January 56.2 (prio 49.6)
- NZD traders heads-up: Its a New Zealand holiday today.
- US national security adviser says Russian invasion of Ukraine could be any day now
- Chinese city of Baise (3.7m population) in lockdown after an Omicron outbreak
- ECB's Knot sees first interest rate hike in Q4 2022
- Monday morning open levels - indicative forex prices - 07 February 2022
- Had this headline hit earlier it would have caused chaos
- Biden restores Iran civilian nuclear sanctions relief in sign of deal progress. Watch oil
- MUFG trade of the coming week: Buy EUR/CHF
Despite comments from Klaus Knot of the Dutch central bank over the weekend suggesting a 2022 ECB rate hike (Knot does tend towards the hawkish side though) the euro lost ground during the session. It drifted 30 or so points down from early highs without much in the way of a notable catalyst. USD was a touch broader though, up against CHF and GBP in small ranges. N ot a lot changed against AUD, NZD, yen.
The data focus today was on Australian retail sales, which bounced back in Q4 2021 at a record quarterly pace. China’s services PMI (Caixin/Markit) slipped to its lowest expansionary reading in 5 months in January.
China returned from the week-long holiday today, setting the onshore yuan much weaker than expected and sparking further devaluation chatter. Stocks in China opened strongly, on a catch-up trade.
Some late news, Australia is reopening
- international border will re-open to double vaccinated tourists and other visitors on Feb 21
