Morning wrap (12.01.2023)

8:54 am 12 January 2023

  • US indices finished yesterday's session higher with Nasdaq posting gains for the fourth day in a row. Dow Jones gained 0.80%, S&P 500 moved 1.28% higher and Nasdaq jumped 1.76%. Small-cap Russell 2000 gained 1.17%

  • Indices from Asia-Pacific traded mixed today. Nikkei traded flat, S&P/ASX 200 gained 1.2%, Kospi moved 0.2% higher, Nifty 50 dropped 0.4% and indices from China traded mixed

  • DAX futures point to a higher opening of the European cash session today

  • Fed Collins said that she prefers a 25 bp rate hike in February, rather than another 50 bp rate hike

  • According to Yomiuri report, Bank of Japan will conduct a review of side effects of its policy easing at a meeting next week

  • According to WSJ reporter, Fed in-house research suggests that US job growth was around 300,000 per month last year and was weaker than reported by Bureau of Labor Statistics

  • Goldman Sachs expects Brent price to climb to $110 in Q3 2023 amid reopening of Chinese economy

  • Chinese CPI inflation accelerated from 1.6 to 1.8% YoY in December (exp. 1.8% YoY) while PPI inflation moved from -1.3  to -0.7% YoY (exp. -0.1% YoY)

  • Australian imports dropped 1% MoM in November while exports were unchanged (0.0% MoM)

  • Cryptocurrencies trade mostly higher with Bitcoin adding 3.3%, Ethereum trading 3.8% higher and Dogecoin jumping 3%

  • Energy commodities trade lower on Thursday morning - oil drops 0.3-0.4% while US natural gas price plunge over 1.2%

  • Precious metals gain in spite of USD strengthening. Gold adds 0.4%, silver gains 0.9% and platinum trades 0.3% higher

  • JPY and USD are the best performing major currencies while NZD and CHF lag the most

Japanese yen is the best performing G10 currency today. JPY gains on news that Bank of Japan plans to review side effects of its loose monetary policy. NZDJPY is taking a hit today and is pulling back from the resistance zone in the 84.50 area, which it failed to break above earlier this week. Source: xStation5

The content of this report has been created by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, (KRS number 0000217580) and supervised by Polish Supervision Authority ( No. DDM-M-4021-57-1/2005). This material is a marketing communication within the meaning of Art. 24 (3) of Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (MiFID II). Marketing communication is not an investment recommendation or information recommending or suggesting an investment strategy within the meaning of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC and Commission Delegated Regulation (EU) 2016/958 of 9 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the technical arrangements for objective presentation of investment recommendations or other information recommending or suggesting an investment strategy and for disclosure of particular interests or indications of conflicts of interest or any other advice, including in the area of investment advisory, within the meaning of the Trading in Financial Instruments Act of 29 July 2005 (i.e. Journal of Laws 2019, item 875, as amended). The marketing communication is prepared with the highest diligence, objectivity, presents the facts known to the author on the date of preparation and is devoid of any evaluation elements. The marketing communication is prepared without considering the client’s needs, his individual financial situation and does not present any investment strategy in any way. The marketing communication does not constitute an offer of sale, offering, subscription, invitation to purchase, advertisement or promotion of any financial instruments. XTB S.A. is not liable for any client’s actions or omissions, in particular for the acquisition or disposal of financial instruments, undertaken on the basis of the information contained in this marketing communication. In the event that the marketing communication contains any information about any results regarding the financial instruments indicated therein, these do not constitute any guarantee or forecast regarding the future results.

Share:
Back

Join over 1 000 000 XTB Group Clients from around the world.

We use cookies

By clicking “Accept All”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

This group contains cookies that are necessary for our websites to work. They take part in functionalities like language preferences, traffic distribution or keeping user session. They cannot be disabled.

Cookie name
Description
SERVERID
userBranchSymbol Expiration date 17 October 2024
adobe_unique_id Expiration date 16 October 2025
__hssc Expiration date 16 October 2024
SESSID Expiration date 2 March 2024
__cf_bm Expiration date 16 October 2024
intercom-id-iojaybix Expiration date 13 July 2025
intercom-session-iojaybix Expiration date 23 October 2024
xtbCookiesSettings Expiration date 16 October 2025
TS5b68a4e1027
xtbLanguageSettings Expiration date 16 October 2025
userPreviousBranchSymbol Expiration date 16 October 2025
TS5b68a4e1027
intercom-device-id-iojaybix Expiration date 13 July 2025
__hssc Expiration date 16 October 2024
test_cookie Expiration date 1 March 2024
__cf_bm Expiration date 16 October 2024
_cfuvid
__cf_bm Expiration date 16 October 2024
__cf_bm Expiration date 16 October 2024
_cfuvid
_cfuvid

We use tools that let us analyze the usage of our page. Such data lets us improve the user experience of our web service.

Cookie name
Description
__hstc Expiration date 14 April 2025
__hssrc
_vwo_uuid_v2 Expiration date 17 October 2025
_ga Expiration date 16 October 2026
_ga_CBPL72L2EC Expiration date 16 October 2026
_ga_TC79BEJ20L Expiration date 16 October 2026
countryIsoCode
_vwo_uuid Expiration date 16 October 2025
_vwo_ds Expiration date 15 November 2024
_vwo_sn Expiration date 16 October 2024
_vis_opt_s Expiration date 24 January 2025
_vis_opt_test_cookie
_gcl_au Expiration date 14 January 2025
_ga_CBPL72L2EC Expiration date 16 October 2026
_ga Expiration date 16 October 2026
_ga_TC79BEJ20L Expiration date 16 October 2026
__hstc Expiration date 14 April 2025
__hssrc
AnalyticsSyncHistory Expiration date 31 March 2024
_gcl_au Expiration date 14 January 2025

This group of cookies is used to show you ads of topics that you are interested in. It also lets us monitor our marketing activities, it helps to measure the performance of our ads.

Cookie name
Description
hubspotutk Expiration date 14 April 2025
_uetsid Expiration date 17 October 2024
_uetvid Expiration date 10 November 2025
hubspotutk Expiration date 14 April 2025
_ttp Expiration date 10 November 2025
MUID Expiration date 10 November 2025
_tt_enable_cookie Expiration date 10 November 2025
_ttp Expiration date 10 November 2025
li_sugr Expiration date 30 May 2024
_fbp Expiration date 14 January 2025
muc_ads Expiration date 16 October 2026
guest_id_marketing Expiration date 16 October 2026
guest_id_ads Expiration date 16 October 2026
guest_id Expiration date 16 October 2026
_ttp Expiration date 10 November 2025
_omappvp Expiration date 28 September 2035
_omappvs Expiration date 16 October 2024
_uetsid Expiration date 17 October 2024
_uetvid Expiration date 10 November 2025
MUID Expiration date 10 November 2025
IDE Expiration date 10 November 2025
_fbp Expiration date 14 January 2025
MSPTC Expiration date 10 November 2025

Cookies from this group store your preferences you gave while using the site, so that they will already be here when you visit the page after some time.

Cookie name
Description
bcookie Expiration date 16 October 2025
lidc Expiration date 17 October 2024
UserMatchHistory Expiration date 31 March 2024
bscookie Expiration date 1 March 2025
li_gc Expiration date 14 April 2025
personalization_id Expiration date 16 October 2026
bcookie Expiration date 16 October 2025
li_gc Expiration date 14 April 2025
lidc Expiration date 17 October 2024

This page uses cookies. Cookies are files stored in your browser and are used by most websites to help personalise your web experience. For more information see our Privacy Policy You can manage cookies by clicking "Settings". If you agree to our use of cookies, click "Accept all".

Change region and language
Country of residence
Language