U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 
Global Markets React to Strong U.S. Jobs Data and Rising Yields 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
Bank of America Posts Strong Q4 2024 Results, Shares Rise 
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays 
Wall Street Analysts Weigh in on Latest NFP Data 
2025 Market Outlook: Key January Events to Watch 
Stock Futures Dip as Investors Await Key Payrolls Data 
Urban studies: Doing research when every city is different 
Geopolitical Shocks That Could Reshape Financial Markets in 2025 
US Gas Market Poised for Supercycle: Bernstein Analysts 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
China's Refining Industry Faces Major Shakeup Amid Challenges 
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift? 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
In terms of the NOK, the negative impact of risk-off and lower oil prices completely countered the positive impact of the relative rates’ move following yesterday’s inflation surprise, see core inflation chart on Twitter, 10 December. This price action actually highlights the key question for Thursday’s Norges Bank meeting: how will Olsen and co weigh strong domestics against weaker externals? Specifically, we expect NB to lower the rate path but
a) primarily for 2020 and 2021 and
b) the new rate path should still confirm a March hike and almost two hikes for 2019 in total. If this proves right it should be modestly positive for the NOK upon announcement (even in this year-end environment) and confirm the strategic attractiveness of the NOK from a 2019 perspective.
We still recommend gradually building up NOK exposure in December and find options a suitable tool. Since the beginning of last week, we been short EURNOK via 3M seagull and long the NOKSEK spot outright.
EURDKK continued to trade around the 7.4640 level yesterday.
Historically, around 17% of the days EURDKK has fixed above 7.4630, Danmarks National bank (DN) has bought DKK in FX intervention.
Hence, we could be nearing the end of twenty months of intervention drought. That said, we stick to our view that the current DKK weakness will not trigger an independent Danish rate hike. Courtesy: Danske bank
Currency Strength Index: FxWirePro's hourly EUR spot index is inching towards 113 levels (which is bullish), while hourly USD spot index was at 40 (bullish) while articulating (at 11:20 GMT).
For more details on the index, please refer below weblink: http://www.fxwirepro.com/currencyindex
