Japan Merchandise Trade Balance Total came in at ¥359B below forecasts (¥530B) in December

Japan Exports (YoY) below forecasts (10.1%) in December: Actual (9.3%)

Japan Imports (YoY) above forecasts (12.3%) in December: Actual (14.9%)

Trade wars: Trump playing games? – ANZ

Analysts at ANZ explained that in the first volley before the World Economic Forum Donald Trump slapped tariffs on imported solar panels and washing machines. Key Quotes: "Outside of stepping away from the TPP this was the first real shift from protectionist rhetoric to actual action agains ...

US existing home sales preview – Nomura

Analysts at Nomura offered a preview of US existing home sales. Key Quotes: "We expect a 1.0% decline in existing home sales in December to an annualized pace of 5750k (Consensus: 1.9% decline to 5700k), after two consecutive months of hurricane-related increases.  November’ ...

Senate has confirmed Powell as Fed Chair 85 – 12

Senate has confirmed Powell as Fed Chair 85 - 12. There has been little reaction in the news as was priced in with an expected three hikes in 2018 and likely to follow Yellen's policy preferences.  Who is Powell?  Powell will be the first Fed chairman since 1981 without ...

Fed Chair update: Powell’s expected confirmation today – Nomura

Analysts at Nomura noted that Governor Powell’s nomination as the next Fed Chair cleared an important procedural hurdle in the Senate on Tuesday with a vote of 84-12.  Key Quotes: "As of this writing, the Senate is expected to hold the final confirmation vote this evening, which w ...

Mexico stocks higher at close of trade; S&P/BMV IPC up 0.57%

Investing.com – Mexico stocks were higher after the close on Tuesday, as gains in the Financial Services, Consumer Goods&Services and Industrials sectors led shares higher. At the close in Mexico, the S&P/BMV IPC added 0.57% to hit a new 3-months high. The best performers of the session on ...

Forex today: dollar mixed but under water to three year low

Forex today offered a mixed dollar in the NY session with being caught up between the positives of the Senate managing to get a sign off from Trump for a debt extension until Feb 8th and the fact that US Treasuries rallied as a result. Subsequently, rates fell and enabled a bid in the dollar' ...

WTI reverses gains on unexpected increase in US crude stocks

Crude oil prices lost their bullish momentum in the post-settlement-trade after the American Petroleum Institute's weekly report revealed a surprise in crude oil stocks in the United States. After inching higher towards the critical $65 mark during the NA session and settling nearly $ ...

Day Ahead: Top 3 Things to Watch

EU Manufacturing, Services Data Eurozone service and manufacturing data is expected to be closely monitored for an insight into the strength of the Eurozone economy ahead of the European Central Bank meeting Thursday. Service sector growth is expected to show a nearly unchanged reading of 56.5 i ...

United States API Weekly Crude Oil Stock up to 4.755M from previous -5.121M

Bitcoin, Ripple Rebound as Buyers Make Modest Return to Cryptomarket

Investing.com – Ripple’s XRP and bitcoin rose sharply on Tuesday amid signs of fresh capital inflows into the crypto-market despite the looming threat of regulation from Asia. The total cryptocurrency market cap rose roughly 5% to $535 billion from a low of around $505 billion seen in ...

Peru stocks higher at close of trade; S&P Lima General up 0.20%

Investing.com – Peru stocks were higher after the close on Tuesday, as gains in the Banking&Financials, Services and Electricity sectors led shares higher. At the close in Lima, the S&P Lima General rose 0.20% to hit a new 3-years high. The best performers of the session on the S&P Lima ...

Wall Street ends mixed session higher

Fueled by tech shares, Nasdaq outperforms on Tuesday. Healthcare and energy offset tech gains in S&P 500. Dow Jones closes the day flat. Major equity indexes in the U.S. started the day on a mixed note amid the impact of recent earnings reports' on different sectors. After announcin ...