03:00 China Trade Balance, bln December 40.21 37

05:00 Japan Eco Watchers Survey: Current December 55.1 55.2

05:00 Japan Eco Watchers Survey: Outlook December 53.8

07:45 France CPI, y/y (Finally) December 1.2% 1.2%

07:45 France CPI, m/m (Finally) December 0.1% 0.3%

13:30 U.S. Retail Sales YoY December 5.8%

13:30 U.S. Retail sales excluding auto December 1% 0.4%

13:30 U.S. Retail sales December 0.8% 0.4%

13:30 U.S. CPI, m/m December 0.4% 0.2%

13:30 U.S. CPI excluding food and energy, m/m December 0.1% 0.2%

13:30 U.S. CPI, Y/Y December 2.2% 2.1%

13:30 U.S. CPI excluding food and energy, Y/Y December 1.7% 1.7%

15:00 U.S. Business inventories November -0.1% 0.3%

16:30 Germany German Buba President Weidmann Speaks

18:00 U.S. Baker Hughes Oil Rig Count January 742

21:15 U.S. FOMC Member Rosengren Speaks

On daily time frame chart, we can see that the price has been falling for several days.

However, the price has been respecting pretty well the Fibonacci levels (50% and 61.8%).

The price is now moving close to these levels which can be a good opportunity to long entries.

Nationally, new home prices edged up 0.1% in November, the same increase as in October. Overall, prices were up in 12 surveyed census metropolitan areas (CMAs), down in 3 and unchanged in the other 12.

New home buyers in Ottawa saw the largest monthly price increase (+0.5%), following a 1.0% rise in October. Builders tied the November gain to improved market conditions.

With the exception of Guelph (+0.1%), prices for new homes were unchanged for the surveyed CMAs in the Greater Golden Horseshoe. Toronto home builders reported no price change in five of the previous six months.

New home prices were unchanged in all three surveyed CMAs in British Columbia, but overall, prices in the province were up 7.6% compared with November 2016.

• Warranted to transition gradually to a broader forward guidance comprising various dimensions of policy stance

• Gradual guidance evolution needed to avoid more abrupt, disorderly adjustment later

• Communication would need to evolve gradually, without change in sequencing

• Near term downward pressure on core inflation due to temporary factors

• relative importance of guidance on rates will increase as inflation rises

• Increased confidence that inflation pressures would take hold

In the week ending January 6, the advance figure for seasonally adjusted initial claims was 261,000, an increase of 11,000 from the previous week's unrevised level of 250,000. The 4-week moving average was 250,750, an increase of 9,000 from the previous week's unrevised average of 241,750.

The Producer Price Index for final demand fell 0.1 percent in December, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices advanced 0.4 percent in both November and October. On an unadjusted basis, the final demand index climbed 2.6 percent in 2017 after a 1.7-percent rise in 2016.
Most of the December decline in the final demand index is attributable to a 0.2-percent decrease in prices for final demand services. The index for final demand goods was unchanged.
Prices for final demand less foods, energy, and trade services edged up 0.1 percent in December after rising 0.4 percent in November. In 2017, the index for final demand less foods, energy, and trade services climbed 2.3 percent following a 1.8-percent advance in 2016.

• Says to buy total of 257.1 bln roubles of forex in period between jan 15 and feb 6

• Expect no change in supply of mortgage lending over next 3 months

• Expect biggest fall in proportion of unsecured loan applications for approval over next 3 months since Q4 2008

• Weak demand for loans for business investment in next 3 months

In November 2017 compared with October 2017, seasonally adjusted industrial production rose by 1.0% in the euro area (EA19) and by 0.9% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In October 2017, industrial production rose by 0.4% in the euro area and by 0.5% in the EU28. In November 2017 compared with November 2016, industrial production increased by 3.2% in the euro area and by 3.5% in the EU28.

The increase of 1.0% in industrial production in the euro area in November 2017, compared with October 2017, is due to production of capital goods rising by 3.0%, durable consumer goods by 1.6%, intermediate goods by 1.1% and non-durable consumer goods by 0.1%, while production of energy remained unchanged.

EUR/USD

Resistance levels (open interest**, contracts)

$1.2085 (3577)

$1.2045 (3110)

$1.2013 (320)

Price at time of writing this review: $1.1945

Support levels (open interest**, contracts):

$1.1893 (3033)

$1.1861 (3508)

$1.1824 (3960)

Comments:

- Overall open interest on the CALL options and PUT options with the expiration date February, 9 is 91496 contracts (according to data from January, 10) with the maximum number of contracts with strike price $1,2100 (5623);

GBP/USD

Resistance levels (open interest**, contracts)

$1.3615 (1451)

$1.3581 (1060)

$1.3550 (905)

Price at time of writing this review: $1.3489

Support levels (open interest**, contracts):

$1.3451 (2248)

$1.3424 (2919)

$1.3393 (1920)

Comments:

- Overall open interest on the CALL options with the expiration date February, 9 is 27373 contracts, with the maximum number of contracts with strike price $1,3700 (3169);

- Overall open interest on the PUT options with the expiration date February, 9 is 25557 contracts, with the maximum number of contracts with strike price $1,3500 (2919);

- The ratio of PUT/CALL was 0.93 versus 0.90 from the previous trading day according to data from January, 10

* - The Chicago Mercantile Exchange bulletin (CME) is used for the calculation.

** - Open interest takes into account the total number of option contracts that are open at the moment.

Australian retail turnover rose 1.2 per cent in November 2017, seasonally adjusted, according to the latest Australian Bureau of Statistics (ABS) Retail Trade figures.

This follows a 0.5 per cent rise in October 2017.

"In seasonally adjusted terms, rises were led by the household goods (4.5 per cent) and other retailing (2.2 per cent) industries," the Director of the Quarterly Economy Wide Surveys, Ben James, said. "Seasonally adjusted sales in both these industries are influenced by the release of the iPhone X and the increasing popularity of promotions in November, including Black Friday sales."

(pare/closed(GMT +3)/change, %)

EUR/USD $1,1947 +0,10%

GBP/USD $1,3506 -0,24%

USD/CHF Chf0,97824 -0,52%

USD/JPY Y111,42 -1,09%

EUR/JPY Y133,12 -1,00%

GBP/JPY Y150,495 -1,33%

AUD/USD $0,7841 +0,23%

NZD/USD $0,7198 +0,53%

USD/CAD C$1,25455 +0,67%