German ZEW survey in focus today - TDS

FXStreet (Delhi) – Research Team at TDS, suggests that the Germany ZEW survey will offer a glimpse at business moods in January.

Key Quotes

“We see downside risks to the current situation index (TD: 49 vs mkt: 53), owing to equity market volatility and the relatively downbeat tone of recent data, but are with markets looking for a deterioration in expectations to 8.

Final inflation readings are also out for Germany and the euro area aggregate, and we expect no change from the initial prints. Euro area construction is also out.”

Jan 19, 2016

GBP: Mixed messages from UK labour market – Lloyds Bank

Research Team at Lloyds Bank, notes that the minutes from this month’s MPC policy meeting suggest that, despite another drop in unemployment, the recent run of very weak inflation prints may have contributed to a dip in pay growth, to 2.4%, in the three months to October.

China: CFETS CNY NEER hits lows back to Dec 14 - Westpac

Martina Song, Research Analyst at Westpac, notes that the rapid rise in USD/CNY at the beginning of January triggered a selloff in equities and spread to other markets.