Morning Call Script - 19 Jan 2024
Overnight asset drivers & the impending data calendar
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What’s Moved Overnight
BoJ expectations take another step back. Japan's inflation rate cooled in Dec with headline dipping to 2.6% (prior 2.8%) and core 2.3% (prior 2.5%). As a result, USDJPY squeeze north continues and eyes 149.00 to end the week.
TSMC has supported the global equity complex with Nikkei up over 1.5% overnight
Elsewhere, assets are stable within their clearly defined 2024 trading ranges - EUR 1.0880, GBP 1.2690, AUD 0.6570 and CNH 7.2070.
Bitcoin ($41k) in for a noisy wkd? The magnetic drift / suction towards 40k continues...
Look out for tomorrow’s concise weekend read, recapping what the street consumed over the week, which articles were of focus and which topics were researched. Macro narratives will be interwoven with recommended reading as well as “Top 10 reads of the past week” and "Top 5 podcasts of the past week". Landing in the inbox of PRO subscribers around lunchtime.
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Have a great day, and keep smiling!
Podcast for the Commute
The Day Ahead
GBP (07:00): Retail Sales
USD (15;00): Univ Michigan Cons Sentiment
ECB speak: McCaul (09:30) and Lagarde (10:00)
Fed speak: Barr (18:00) and Daly (21:15)
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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