Morning Call Script - 15 Jan 2024

Overnight asset drivers & the impending data calendar

HarksterPro subscribers receive this daily piece by 6:50am (GMT). If you would also like this piece to enrich your commute and help prepare for your teams morning call, please subscribe here. Otherwise the Freeview will be sent at 8.00am (GMT).

What’s Moved Overnight

• Quiet start to the week with most key assets within 15 to 30bps of Friday's close... Crude 72.75, Gold 2054, EUR 1.0963, GBP 1.2750, AUD 0.6680 and JPY 145.30.

• PBoC left their 1-Year MLF Rate unchanged at 2.5% 

  • Bloomberg - China Holds Key Rate as Economy Prepares for ‘Difficult Year’

• XBT finished last week down nearly 9.5%... 40k is the key pivot level to watch and/or hold!  

  • Bloomberg - Bitcoin’s ETF Hangover Saddles the Token With its Worst Streak in a Month

• Martin Luther King holiday in the US so today's data calendar is limited. 

• Weekend news stories of note... Taiwan elections, red sea tensions, Bostic comments and Iowa Caucuses

  • Nikkei Asia - Taiwan's Lai faces tough road ahead after historic election win

  • Bloomberg - US Downs Cruise Missile Fired From Houthi Area in Yemen

  • FT - Atlanta Fed Bostic warns US progress on inflation is likely to slow

  • FT - Republican rivals in last-ditch bid to cut Donald Trump’s big lead in frozen Iowa

For greater details on the overnight news stories, current macro themes, and a comprehensive look at the week ahead, look out for today’s edition of The Morning Hark. Landing in the inbox of PRO subscribers around 7.15GMT (2.15 EST).

ㅤㅤㅤ

Have a great day, and keep smiling!

Podcast for the Commute

• Forward Guidance - Kevin Muir: The Market Has Priced In Too Many Fed Cuts Since Government Money Printing Will Keep Nominal Growth High

The Day Ahead

• EUR (09:00): German Full Year GDP

• EUR (10:00): Eurozone Balance of Trade

• CAD (15:30): BoC Business Outlook Survey

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.

ㅤㅤㅤ

 

 

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.