MNI: UK FINAL JAN MANUF PMI 48.3 (FLASH: 48.2); DEC 47.0

MNI: EUROZONE FINAL JAN MANUF PMI 46.6 (FLASH: 46.1); DEC 45.1

MNI: GERMANY FINAL JAN MANUF PMI 45.0 (FLASH: 44.1); DEC 42.5

MNI BRIEF: Fed's Goolsbee Supports Slowing Rate Cuts

MNI BRIEF: US Dec Core PCE Inflation In Line With Expectations

MNI BRIEF: Fed's Bowman Wants Inflation Progress Before Cuts

MNI: ITALY JAN FLASH HICP -0.7% M/M, +1.7% Y/Y

MNI: EUROZONE JAN FLASH HICP +2.5% Y/Y

MNI: FRANCE FINAL JAN MANUF PMI 45.0 (FLASH: 45.3); DEC 41.9

GERMANY: Economy Ministry Lowers 2025 Growth Forecast As Expected

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

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AUDNZD: AUD/NZD Little Changed, AU Retail Sales Shortly

AUDNZD
  • The AUD/NZD rose 0.05% to 1.0890 on Monday as the cross continues its rangebound trading having traded sideways now for about three weeks stuck above the 20 & 200 day EMAs, and below the 50 & 100-day EMAs
  • The OIS pricing was little changed on Monday, 17bps or about a 50% chance of a cut is priced in by December this year. While looking further out to August next year there is currently about 4 cuts priced in.
  • The cross remains trading in a very tight range, stuck between the 50 & 100-day EMAs to the upside, and the 20 & 200-day EMAs to the down side. Initial resistance is at 1.0912 with major resistance seen at 1.0944 (Sep 23/24 Highs), while to the downside initial support is 1.0886 (20 & 200-day EMA), with a break here opening a move to the September lows of 1.0789.
  • The AU-NZ 2yr swap spread is off recent highs made on Friday of 21bps and now trades a 12bps
  • Expiries: 1.0900 ($348m), 1.0825 ($250m) Oct 1 NY cut
  • Upcoming: Judo Bank Australia PMI Mfg at 0900 AEST, Building Approvals & Retail Sales at 1130 AEST
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