Marketwatch EU & UK

Daily Insights
January 5, 2024

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  • It is Friday and the US Dollar is little changed against major peers ahead of the US Jobs report later today but aims to end the week on green. Non-Farm Payrolls have likely increased to 175k in December, vs. 199k in November, and unless today’s print comes in stronger than expected (as we saw yesterday’s US private jobs print do), we could start to see the greenback lose some steam.

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  • In the Euro-area, Euro-Zone inflation numbers are due and the euro edges lower continuing to trade mid 1.09-1.10 amid any possible impact to the ECB’s monetary policy. Germany retail sales and construction PMI are also due.

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  • In the UK, construction PMI data is due, and sterling holds below 1.27 against the US dollar. UK House prices rose 1.1% in December, according to Halifax, and one of the wettest Decembers on record could have pushed costumers away from stores during the Christmas shopping period. The number of   people in shops and malls dropped by 5% in the last five weeks of 2023.

Economic Calendar

JPY - Consumer Confidence
EUR - German Retail Sales m/m
GBP - Halifax HPI m/m
GBP - Construction PMI
EUR - Core CPI Flash Estimate y/y
EUR - CPI Flash Estimate y/y
EUR - PPI m/m
EUR - Italian Prelim CPI m/m
CAD - Employment Change
CAD - Unemployment Rate
USD - Average Hourly Earnings m/m
USD - Non-Farm Employment Change
USD - Unemployment Rate
CAD - Ivey PMI
USD - ISM Services PMI
USD - Factory Orders m/m
USD - FOMC Member Barkin Speaks

Market Indicators

Currency Pairs
Pair High Low
eur/gbp 0.86322 0.86217
gbp/usd 1.26961 1.26648
gbp/aud 1.89396 1.88955
gbp/nzd 2.03707 2.03297
usd/jpy 145.37 144.658
eur/usd 1.09558 1.09248
gbp/jpy 184.128 183.399
eur/cnh 7.86322 7.8339
usd/cnh 7.1802 7.16948
Equities and Commodities
Nasdaq 100 16271.7
DOW 37463.4
S&P 500 4691.68
WTI 72.67
GOLD 2046.57

This document is for information purposes only and does not constitute any recommendation or solicitation to any person to enter into any transaction or adopt any trading strategy, nor does it constitute any prediction of likely future movements in exchange rates or prices or any representation that any such future movements will not exceed those shown on any illustration. All exchange rates and figures appearing are for illustrative purposes only. You are advised to make your own independent judgment with respect to any matter contained herein.

About Francisco Mioludo


Francisco Mioludo is a trader for GPS Capital Markets at the London office. Before joining GPS, Francisco worked in Market Risk at a commodity trading firm in London where he gained valuable skills for his current role. Francisco looks after our EU and UK sales team with everything from analysis to structuring and pricing.