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Thursday, January 5

5th Jan - USD offered heavily





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EUROPE
Nordic Outlook - January 2017 – Danske Bank

Euro Sovereign Playbook 2017: Steeper and steeper – ABN AMRO

What Brexit Economic Shock? UK Services PMI at 17 Month High – Forbes

The Financial Education of the Eurozone – Christopher Smart


UNITED STATES
5 Things to Watch in the December Jobs Report – WSJ
A Few Thoughts Ahead of the US Jobs Report – Marc Chandler


OTHER
FX: the USD and Presidential Inaugurations – Nordea
Hopes are high that President-Elect Trump will prompt a further near-term boost to the USD, possibly in conjunction with the Presidential Inauguration. What is the historical pattern of the USD surrounding such events?

Yield Forecast Update – Danske Bank
Higher yields but mainly in H2 17

Noah Smith: 5 Economics Terms We All Should Use – BB


REGULARS
Danske Daily – Danske Bank

Eye-Opener – Nordea
Risk of faster Fed hikes, Chinese data improve, more PMI numbers * Euro-area inflation jumps * Long supply ahead in the bond market * USD somewhat weaker

Morning Markets – TF
China's intervention on yuan continues to reverberate through the market helping USDCNH sllde below the 6.8 handle in the Asia session. The two-day move in the pair is close to 3% and was helped by the release of the FOMC minutes that showed a considerable degree of uncertainty among the Fed over Trump's plans.

Euro wrap-up – Daiwa

Daily Market Comment – Marc Chandler
Dollar Slide but Resilience Demonstrated while Yuan Squeezed Higher

Daily Press Summary – Open Europe

Brussels Playbook – Politico

10 things you need to know before the opening bell – BI

US Open – ZH
Global Stocks Rise To 1.5 Year High After Chinese Intervention Halts Dollar Rally

Frontrunning – ZH

FX Update – TF
The FOMC minutes were a tedious affair and apparently inspired slightly less confidence in the Fed’s hiking plans for this year but it was a tremendous move in China’s offshore version of the yuan that once again stole the show overnight and may be the bigger driver of the USD correction.


FINNISH
Aamukatsaus – Nordea
USA:n talous vahvassa vedossa * Eilen julkaistu Fedin kokouspöytäkirja korosti rahapolitiikan epävarmuutta * USA:ssa palvelusektorin luottamusindeksi oli marraskuussa korkeimmalla tasollaan yli vuoteen * EURUSD palasi takaisin 1,05 dollarin yläpuolelle