Fundamental/Quantitative analysis

Oil

WTI Crude continues weaken on concerns that China’s rapid dismantling of its COVID zero policy could lead to a surge in cases across the world.

USD Energy

TC Energy: We have restarted Keystone pipeline's Cushing leg and all the delivery points are now operational. However we will operate with additional risk mitigation measures,this includes reduced operating pressures.

USD RUB

Kremlin: Russia will declare a Truce with Ukraine from January 6th to January 7th - IFX.
Fed swaps price in peak policy rate higher than 5% in 2023.
Fed's George: Fed will maintain rates until 2024.
US Initial Jobless Claims Actual 204k (Forecast 225k, Previous 225k)
US ADP Employment Change Actual 235k (Forecast 150k) (SPX Weakened, DXY Strengthened)
According to a JPMorgan survey, the majority of firms anticipate a recession in 2023.
BoE Panel Survey: DMP members expected CPI inflation to be 7.4% one-year ahead in December, up from 7.2% in the November survey.

Bank

1. UBS, Credit Suisse offer Asia wealth bankers a cut on inflows.
2. Credit Suisse loses Singapore case with billionaire over fraud.

Fear and Greed Index

USD

1. Fed's Mester: My path for the funds rate is raise and the hold for a time.
2. Fed's Mester: Today's data suggest the Fed has more work to do.
3. Fed's Mester: Everything is on the table for the June FOMC.
4. US PCE inflation and Consumer Spending data comes in hotter than expected.
   S&P & Gold weakened, Dollar strengthened

EUR

Erdogan is expected to reveal his cabinet as soon as Friday - Turkish Officials.

USD

Fed's Harker: Sometime probably next year we'll start cutting rates.

USD CNY

White House said to detail plans restricting some US investments in China.

Fear and Greed Index

Random News

Singapore police arrest serial Pokemon card thief who stole 500 of the collectibles

RUB

Russian Defence Min. Shoigu: Russia will build up forces at western borders

Asia Market

Rice in Asia climbs to the highest level since 2008 on supply risks.

USD

US 10-Year Note Auction

1. Bid-to-cover ratio 2.56
2. High yield 3.999% vs 3.998% pre-sale when-issued yield
3. Sells $38 bln
4. Awards 9.47% of bids at high
5. Primary dealers take 9.5%
6. Direct 18.3%
7. Indirect 72.2%

USD

106 counterparties take $1.797 tln at Fed Reverse Repo Operation.

EURUSD

EUR/USD Forecast: More losses likely under 1.0925.

Conflict

Poland plans to send up to 10,000 soldiers to border with Belarus.

EUR

Moody's: Italy's bank windfall tax is credit negative for country’s banking sector.

EUR

Storage operators warn Germany’s gas strains to last until 2027.

USD

Fed Swaps price in lower odds of another rate hike this year.