Further weakness seen around USD/CNH – UOB

FX Strategists at UOB Group remain bearish on the USD/CNH in the short-term horizon. Key Quotes 24-hour view: “Yesterday, we highlighted that ‘conditi

https://www.fxstreet.com/news/further-weakness-seen-around-usd-cnh-uob-202101070805

EU Stoxx 50 Despite Regulatory Approval of Moderna Covid-19 Vaccine

Europe’s benchmark EU Stoxx 50 index may lose ground in the coming days despite the regulatory approval of Moderna’s Covid-19 vaccine as price runs into key resistance.

https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/euro_open/2021/01/07/EU-Stoxx-50-Despite-Regulatory-Approval-of-Moderna-Covid-19-Vaccine.html

European equities open higher to start the day

Positive signals to start the session in Europe
- Eurostoxx +0.5%
- Germany DAX +0.3%
- France CAC 40 +0.5%
- UK FTSE +0.8%
- Spain IBEX +0.3%
This follows the solid gains posted in trading yesterday, with UK stocks in particular continuing to maintain a rather solid push to start the new year. Elsewhere, the mood in US futures is

https://www.forexlive.com/news/!/european-equities-open-higher-to-start-the-day-20210107

Germany December construction PMI 47.1 vs 45.6 prior

Latest data released by Markit - 7 January 2021
Housing activity stayed more robust, remaining the only area of growth while commercial and civil engineering projects are still reflecting a contraction. Markit notes that:

https://www.forexlive.com/news/!/germany-december-construction-pmi-vs-456-prior-20210107

Lawmakers want to know: How did pro-Trump mob overtake U.S. Capitol Police?

Members of Congress demand answers from the force of 2,000 officers with a $460 million budget.

https://fortune.com/2021/01/07/us-capitol-police-protesters-riot-overtake/

USD/TRY: Big picture is still constructive for the lira, short-term target of 7.00 – Credit Suisse

Analysts at Credit Suisse remain constructive on the lira and revise the short-term USD/TRY target to 7.00 as the pair is set to continue to trend low

https://www.fxstreet.com/news/usd-try-big-picture-is-still-constructive-for-the-lira-short-term-target-of-700-credit-suisse-202101070813

China: Too much CNY appreciation to be harmful – Standard Chartered

The CNY resumed its appreciation trend against the USD since 27 May 2020, rising 7% YoY as of early 2021. Based on the historical relationship between

https://www.fxstreet.com/news/china-too-much-cny-appreciation-to-be-harmful-standard-chartered-202101070821

US Dollar Index regains composure near 89.60 ahead of key data

The greenback, when tracked by the US Dollar Index (DXY), appears to have regained some composure and advances to fresh daily highs in the 89.60 regio

https://www.fxstreet.com/news/us-dollar-index-regains-composure-near-8960-ahead-of-key-data-202101070822

USD/CAD struggles for direction, confined in a range below 1.2700 mark

The USD/CAD pair struggled for a firm direction and remained confined in a narrow trading band, below the 1.2700 mark through the early European sessi

https://www.fxstreet.com/news/usd-cad-struggles-for-direction-confined-in-a-range-below-12700-mark-202101070828

EUR/NOK to trade at 10.00 and USD/NOK at 8.00 towards the end of 2021 – Nordea

The Norwegian krone has begun 2021 on a strong note after an abysmal 2020. If the good news flow continues ahead, economists at Nordea expect to see m

https://www.fxstreet.com/news/eur-nok-to-trade-at-1000-and-usd-nok-at-800-towards-the-end-of-2021-nordea-202101070828

US VP Pence declares Congress' acceptance of electoral college vote results, clearing the way for Biden to become Pres. on Jan. 20th

Trump: I will move out of the office in orderly transition on Jan 20th.

Trump: Even though I totally disagree with the outcome of the election, and the facts bear me out, nevertheless, there will be an orderly transition on January 20th - WH Spokesman on Twitter

Japan officially declares state of emergency for Tokyo and its 3 neighbouring prefectures

Tokyo, Kanagawa, Saitama, and Chiba to see state of emergency from 8 January until 7 February
This being announced by Japanese prime minister, Yoshihide Suga. This was very much expected after all the reports since the start of the new year but with the virus situation worsening, we may see Osaka also be lumped into the

https://www.forexlive.com/news/!/japan-officially-declares-state-of-emergency-for-tokyo-and-its-3-neighbouring-prefectures-20210107

Joe Biden's certified electoral votes exceed 270 threshold

Can we finally put this behind us?

https://www.forexlive.com/news/!/joe-bidens-certified-electoral-votes-exceed-270-threshold-20210107

Trump: There will be an orderly transition on 20 January

White House aide, Dan Scavino, posts a statement on behalf of Trump after the electoral certification

"Even though I totally disagree with the outcome of the election, and the facts bear me out, nevertheless there will be an orderly transition

https://www.forexlive.com/news/!/trump-there-will-be-an-orderly-transition-on-20-january-20210107

Japan daily coronavirus cases to top 7,000 today - local media

That will mark a fresh record in daily cases following the record 6,004 daily cases reported yesterday
posts

https://www.forexlive.com/news/!/japan-daily-coronavirus-cases-to-top-7000-today-local-media-20210107

Pence declares Biden winner of presidential election after Congress defies mob to certify votes

Biden's win was certified early Thursday morning, after a violent throng of pro-Trump rioters spent hours running rampant through the halls of Congress.

https://fortune.com/2021/01/07/congress-certifies-biden-day-of-terror/

Japan declares state of emergency for Tokyo and neighbouring areas to curb virus

According to the latest headlines floating on the wires, Japanese Prime Minister Yoshihide Suga declares state of emergency for Tokyo and its three ad

https://www.fxstreet.com/news/japan-declares-state-of-emergency-for-tokyo-and-neighbouring-areas-to-curb-virus-202101070841

Japan’s top currency diplomat: Market stability is extremely important, watching market moves carefully

“Market stability is extremely important and therefore, we are watching market moves carefully,” Kenji Okamura, Japan’s Vice Finance Minister for Inte

https://www.fxstreet.com/news/japans-top-currency-diplomat-market-stability-is-extremely-important-watching-market-moves-carefully-202101070850

Germany’s Merkel: Coronavirus vaccines give us hope in pandemic

Reuters reports some encouraging comments from the German Chancellor Angela Merkel, as she says that the coronavirus “vaccines give us hope in the pan

https://www.fxstreet.com/news/germanys-merkel-coronavirus-vaccines-give-us-hope-in-pandemic-202101070901