Euro vėl sumažėjo, nes prarado pagreitį, šuolis žaliavomis

Euro weakens notably today as recovery momentum diminished quickly. Dollar is not gaining much, though, as commodity currencies trade broadly higher with new wave of buying. Australian Dollar is once again leading others. Canadian Dollar shrugs off weaker than expected inflation reading, and await BoC rate decision and the next move in oil price. In other markets, Gold has a wild ride today but stays in range established range after all. WTI crude oil looks ready to resume recent up trend.

Technically, EUR/GBP’s break of 0.8861 support is a sign of underlying weakness in Euro. Eyes will be on 0.5591 support in EUR/AUD and 1.5313 support in EUR/CAD. Decisive break of these level will bring down trend resumption, and solidify Euro’s selloff. If that happens, attention could also be on how AUD/CAD would break out from recent range of 0.9772/9898, to gauge the relative strength.

In Europe, currently, FTSE is up 0.01%. DAX is up 0.73%. CAC is up 0.38%. Germany 10-year yield is flat at -0.524. Earlier in Asia, Nikkei dropped -0.38%. Hong Kong HSI rose 1.08%. China Shanghai SSE rose 0.47%. Singapore Strait Times rose 0.10%. 10-year JGB yield dropped -0.0068 to 0.040.

Canada CPI slowed to 0.7% yoy in Dec, below expectations

Canada CPI slowed to 0.7% yoy in December, down from 1.0% yoy, missed expectation of 1.0% yoy. CPI common dropped to 1.3% yoy, down from 1.5% yoy, missed expectation of 1.5% yoy. CPI median dropped to 1.8% yoy, down from 1.9% yoy, missed expectation of 1.9% yoy. CPI trimmed also dropped to 1.6% yoy, down from 1.7% yoy, missed expectation of 1.7% yoy.

UK CPI rose to 0.60% yoy in Dec, core CPI rose to 1.4% yoy

UK CPI rose to 0.6% yoy in December, up from 0.3% yoy, above expectation of 0.5% yoy. CPI core rose to 1.4% yoy, up from 1.1% yoy, above expectation of 1.3% yoy. RPI also rose to 1.2% yoy, up from 0.9% yoy, above expectation of 1.1% yoy.

Also released, PPI came in at 0.8% mom, 0.2% yoy. PPI output at 0.3% mom, -0.4% yoy.

Eurozone CPI finalized at -0.3% yoy in Dec, core CPI at 0.2% yoy

Eurozone CPI was finalized at -0.3% yoy in December, at that level for the fourth consecutive month. CPI core was finalized at 0.2% yoy. The highest contribution came from services (+0.30%), followed by food, alcohol & tobacco (+0.25%), non-energy industrial goods (-0.14%) and energy (-0.68%).

EU CPI was finalized at 0.3% yoy, up from prior month’s 0.2% yoy. The lowest annual rates were registered in Greece (-2.4%), Slovenia (-1.2%) and Ireland (-1.0%). The highest annual rates were recorded in Poland (3.4%), Hungary (2.8%) and Czechia (2.4%). Compared with November, annual inflation fell in nine Member States, remained stable in eight and rose in ten.

Also released, Germany PPI came in at 0.8% mom, 0.2% yoy in December, much higher than expectation of 0.3% mom, -0.3% yoy.

Australijos Westpac vartotojų nuotaikos krito -4.5%, vis dar sveikos

Australijos „Westpac Consumer Sentiment“ sausį sumažėjo -4.5% iki 107, palyginti su 112.0. Kritimas įvyko ten, kur buvo uždarytos vidaus sienos, kai kuriose valstijose atsirado koronaviruso grupių ir smarkiai išaugo infekcijų skaičius visame pasaulyje. Apskritai „tai vis dar rodo sveiką vartotojų nuotaiką“.

Kalbėdamas apie kitą RBA posėdį vasario 2 d., Westpac sakė, kad valdyba „atrodo, kad laikysis savo dabartinės politikos pozicijos“. Centrinis bankas lapkritį nusprendė įsigyti 100 mlrd. Australijos dolerių vyriausybės ir pusiau vyriausybinių obligacijų. Rinkos būtų suinteresuotos bet kokiomis gairėmis, susijusiomis su programa, kuri turėtų baigtis balandžio mėn. pabaigoje. Vėliau Westpac tikisi antrosios 100B AUD programos.

EUR / GBP vidutinės dienos perspektyva

Dienos šerdys: (S1) 0.8879; (P) 0.8899; (R1) 0.8914; Daugiau ...

EUR/GBP’s break of 0.8861 support suggests that corrective rebound from 0.8670 has completed. Sustained trading below this support will confirm and target 0.8670 support next. On the downside, though, break of 0.8923 minor resistance will dampen this bearish case and turn bias back to the upside for rebound first.

Didesniame paveikslėlyje matome, kad kainų veiksmai nuo 0.9499 keičiasi į korekcinį modelį. Tai yra, tendencija nuo 0.6935 (2015 m. Žemiausia) atsinaujins vėliau. Tai išliks palankia byla tol, kol bus palaikoma 0.8276 parama. Lemiama 0.9499 pertrauka bus skirta 0.9799 (2008 m. Aukščiausia).

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