Morning Call Script - 14 Feb 2024

Overnight asset drivers & the impending data calendar

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What’s Moved Overnight

• The USD (EUR 1.0715, JPY 150.50, GBP 1.2605, AUD 0.6470) has maintained its post CPI strength as US10s stay elevated at 4.30% and gold remains at a 2month low around $2000.

• The Asian equity markets that were open broadly followed Wall Streets decline (Nikkei -70bps to 37705)

• Japan's MOF's Kanda said they are ready to take action on FX as sharp falls in the yen are not good for the economy. Suzuki also warned that authorities are closely monitoring the market

  • Nikkei Asia - Japan will take appropriate actions on forex if needed, Kanda says

  • Bloomberg - Ueda Mulls Rate Hike in Rare Case of BOJ Facing Scant Opposition

  • Reuters - Japan warns against rapid, speculative yen falls

Watch out for Read on the Trading Floor, landing in the inbox of PRO subscribers around 17.30GMT (12.30EST).

This piece will focus on the key market narratives trending on Harkster.com. What users of our platform are consuming, what themes are top of mind and the key risk events they're researching. It will also document the top 10 links and podcasts consumed by our users over the previous day.

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Have a great day, and keep smiling!

Podcast for the Commute

• Morgan Stanley - Ripple Effects of the Red Sea Disruptions

The Day Ahead

• NOK (07:00): GDP

• GBP (07:00): CPI and PPI

• EUR (10:00): Employment, IP and GDP Estimate

• USD (13:30): PPI

• ECB Speak - de Guindos (08:30), Cipollone (14:00)

• Fed's Goolsbee (14:30) and Barr (21:00)

• JPY (23:50): GDP

Stay informed throughout the day with our new commentary channel (‘Intraday Market Colour’) highlighting key notes, topics du jour, and HarksterHQ’s market updates around key data points and headlines. 

Available on the HarksterPRO Research Platform.

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The information provided in this post is for general information purposes only. No information, materials, services, and other content provided in this post constitute solicitation, recommendation, endorsement or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.