Newsletter – 13 January 2017

Morning Bulletin


  • Markets continued, in particular the US dollar, to President-elect Donald Trump’s press conference yesterday. The Dollar continued it’s volatile trend of the week especially against the British Pound. Generally there was weakness where it was felt he failed to offer any details on his plan to boost the economy.
  • In Europe, better-than-expected GDP figures and Industrial Production data boosted the Euro in morning trade. GBP/EUR dipped back below the 1.1500 level on the news.
  • Elsewhere of note, there was strength seen in the Canadian Dollar due to increased oil prices.
  • Chinese trade data overnight continues to show a weak demand within the country. Exports fell by 6.1% which was worst than expected. The overall trade balance for 2016 reported a surplus of $40.82bln below the $44.61bln expected.
  • A very quiet day ahead on the data front in Europe with only German Wholesale Price Index of note. In the States this afternoon there is more to whet the appetite. Retail Sales leads the charge and will give everyone a good idea of how well the US economy is performing. U. of Michigan data and PPI numbers round up the week as we head in to the weekend.


Current at time of distribution

Currency Pair Interbank Rate % Change on Day
GBP/EUR 1.1441 -0.17%
GBP/USD 1.2161 +0.04%
EUR/USD 1.0629 +0.16%
AUD/USD 0.7489 +0.09%


Current at time of distribution
Time (GMT) Region Data Release Forecast Previous
07:00 EUR German Wholesale Price Index (MoM) 0.1%
13:30 USD Advanced Retail Sales (DEC) 0.7% 0.1%
13:30 USD PPI ex food & energy (MoM) 0.1% 0.4%
15:00 USD U. of Michigan Confidence 98.5 98.2