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Trade ideas thread - European session 13 January 2022

Posted: 12 Jan 2022 10:41 PM PST

Things are slow to start in European trading today but the important detail is that markets actually shrugged off the 7% US inflation print yesterday, keeping with the more positive mood from earlier this week.So even with a bit of a breather or a light pullback, that is still the prevailing sentime

A rather bare calendar day in Europe in the session ahead

Posted: 12 Jan 2022 10:09 PM PST

US inflation printed 7% for the first time since 1982 but markets shrugged that off and stuck with the more optimistic mood from earlier in the week. Stocks pulled higher and bond yields retreated, while the dollar slumped across the board.On the latter, we are at least seeing some interesting techn

Tokyo has confirmed its increasing its coronavirus alert level

Posted: 12 Jan 2022 08:41 PM PST

Posted earlier on the leak of this from NHKTokyo is raising its COVID-19 alert level

China 2022 GDP expected around 5.5% in 2022

Posted: 12 Jan 2022 08:37 PM PST

Economic growth in China this year is projected at around 5.5%from an estimated 8.2% in 2021 Further estimates:5.2% Q1 20225.5% Q25.6% Q35.7% Q4

Australian PM Morrison will hold a news conference at 3.45pm Sydney time

Posted: 12 Jan 2022 08:25 PM PST

Probably related to the visa kerfuffle with champion tennis star Novak Djokovic.  That's my guess ... although perhaps Morrison's time would be better spent on more substantive projects, such as getting COVID-19 tests sorted out. 

ForexLive Asia FX news wrap: More Fed officials spoke today

Posted: 12 Jan 2022 07:50 PM PST

When to expect the next round of easings in China (spoiler - March) Shipping giant Maersk warns port congestion is continuing Japan Chief Cabinet Secretary says will quickly consider expanding coronavirus measures Federal Reserve speakers coming up on Thursday 13 January 2022 C

Shipping giant Maersk warns port congestion is continuing

Posted: 12 Jan 2022 07:07 PM PST

Maersk: "The pandemic is still going strong and unfortunately, we are seeing new outbreaks impacting our ability to move your cargo. General sickness remains high as key ports in key regions are seeing new coronavirus peaks." In Europe ... longer waiting times. UK, ... waiting time delays

Japan Chief Cabinet Secretary says will quickly consider expanding coronavirus measures

Posted: 12 Jan 2022 06:51 PM PST

As with pretty much everywhere else (except where the peak has occurred, South Africa for example) cases in Japan are continuing to surge. Tighter restrictions have already been introduced:Okinawa, Hiroshima and Yamaguchi prefectures entered a quasi-state of emergency on SundayAnd more are on the wa

Chinese vice-premier calls for tougher action in Omicron and Delta coronavirus hotspots

Posted: 12 Jan 2022 06:13 PM PST

A piece in the South China Morning Post ICYMI:Chinese Vice-Premier Sun Chunlan:said the Omicron strain spread quickly and was highly infectious "It is necessary to further improve the efficiency of nucleic acid testing and investigations, adopt strict social control measures, block transmission rout

Indonesia has eased its coal export ban, has allowed 37 coal vessels to depart

Posted: 12 Jan 2022 05:44 PM PST

This from the start of this year:Indonesia has banned coal exports in January (biggest customers includes China)Indonesia is the world's biggest thermal coal exporter. It has now has allowed 37 loaded coal vessels to depart after they secured approvals from authorities.The Coordinating Ministry of M

ANZ point to 2 reasons Australian inflation likely to have accelerated further in Q4 2021

Posted: 12 Jan 2022 05:31 PM PST

ANZ cite that its likely there was no meaningful easing in supply chain pressures, and also surging aggregate demand.  Thus: we think underlying Aus inflation is likely to have accelerated further in Q4 of last year The Q4 CPI data is due on January 25 from Australia at 11.30 am local time (0

UK job vacancies grew at the slowest pace in eight months in December

Posted: 12 Jan 2022 05:31 PM PST

"2022 will be the year we discover staff shortages will outlive the pandemic as an economic issue," REC chief executive Neil Carberry said. "Demand for staff is growing across every sector and region of the UK, and candidate availability is still falling. These trends have been slowing for the past

China reports 124 locally transmitted coronavirus cases (from previous day's 166)

Posted: 12 Jan 2022 04:53 PM PST

The new locally transmitted cases were in Henan, Tianjin, Shaanxi and Guangdong.Awaiting further detail on the new cases and any response. 

China's Dalian City detected 1 Omicron infection - a person arriving from Tianjin

Posted: 12 Jan 2022 04:29 PM PST

China's swift and harsh response to new cases spreading makes some form of movement restriction in Dalian likely. That'd contribute to further supply chain disruption.---State media note that buildings where the infected individual and the person's close contact lived have been sealed up.

International Energy Agency says Russia is contributing to an undersupply of gas to Europe

Posted: 12 Jan 2022 04:20 PM PST

Head of the International Energy Agency Fatih Birol "We believe there are strong elements of tightness in Europe's gas markets due to Russia's behavior," Birol told reporters, noting "today's low Russian gas flows to Europe coincide with heightened geopolitical tensions over Ukraine." Russian gas co

Denmark to offer a fourth coronavirus vaccination to the most vulnerable

Posted: 12 Jan 2022 03:43 PM PST

Reuters with the report, adding: hospitalisation rates and deaths have stabilised despite the surge in cases The fourth vaccine dose will be rolled out to the country's most vulnerable citizens later this week. Health authorities also consider offering a fourth shot to the elderly and to pe

Elon Musk says still work to do before TSLA launch in India

Posted: 12 Jan 2022 03:12 PM PST

Still challenges facing the firm to begin trade in India - see Musk's reply below:

Tokyo is raising its COVID-19 alert level

Posted: 12 Jan 2022 01:59 PM PST

Tokyo will raise its Alert to the second-highest levelEarlier from Japan re coronavirus response:Osaka prefecture reports 1.7K new COVID-19 cases (this from Wednesday Japan time)Okinawa, Hiroshima and Yamaguchi prefectures entered a quasi-state of emergency on Sunday

Trade ideas thread - Thursday 13 January 2022

Posted: 12 Jan 2022 01:49 PM PST

Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders would like to share and discuss with fellow ForexLive traders, please do so:

New Zealand building permits for November +0.6% m/m (prior -2.1%)

Posted: 12 Jan 2022 01:48 PM PST

For the y/y +20.8%  NZD/USD little changed on the data release after its rise following US CPI data overnight:

More comments from the White House - says inflation will moderate

Posted: 12 Jan 2022 01:44 PM PST

Earlier are here:White House says supply chain issues are worse than expectedMore:Forecasters see prices moderating over the course of 2022, which is consistent with our viewdelay in Fed nominations is not having an impact of inflation responseworking closely with congressional leadership to finalis

White House says supply chain issues are worse than expected

Posted: 12 Jan 2022 01:28 PM PST

Gobbledegook from WH Eco Adviser Deese, I translated it in the headline to the post above.  Says supply chain challenges manifested themselves more than people had anticipated says we'll take additional steps this month on ports "Manifested themselves". ??? What are they, poltergeists? M

Here is what’s on the economic calendar in Asia today - Thursday 13 January 2022

Posted: 12 Jan 2022 01:23 PM PST

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NASDAQ up for the third straight day

Posted: 12 Jan 2022 01:08 PM PST

The major indices are closing higher but well off their highs for the day. The Dow industrial average is up 201 point at the high, and is up 39.48 points at the closeThe S&P index was up 35.54 points at its highs, and is closing up 13.32 pointsThe NASDAQ index was up 165.5 points at its high, and is

ForexLive Americans FX news wrap: 7% inflation no help for the US dollar

Posted: 12 Jan 2022 01:02 PM PST

US December CPI +7.0% vs +7.0% expected Fed's Beige Book: Many districts said supply chain disruptions constraining growth Fed's Bullard: "I actually now think we should maybe go to four hikes in 2022" Fed's Mester: Case is very compelling that the Fed removes accommodation US w
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