标普高盛商品指数 (SPGSCI) 加自选

每周经济与金融评论：缓慢的就业报告使3月份的降息继续发挥作用。12月的劳动力数据继续预示着就业市场将逐步有序降温。我们仍然认为，联邦公开市场委员会将在即将于1月28日举行的会议上暂停，在招聘持续放缓的情况下，今年可能会再降息几次。

Weekly Economic & Financial Commentary: Lukewarm Jobs Report Keeps March Rate Cut in Play.The December labor data continued to signal a gradual and orderly cooling in the jobs market. We still view that the FOMC will be on hold at its upcoming Jan. 28 meeting and that a couple more rate cuts this year look likely amid the continued moderation in hiring.

加拿大制造业和批发业报告显示增长放缓。加拿大11月的制造业和批发业报告应该会强化这一点，即严重贸易暴露的行业仍受到美国关税的负面影响，尽管我们继续预计家庭支出的增加将保持整体国内生产总值的正增长。

Canada's Manufacturing and Wholesale Reports to Point to Subdued Growth.Canadian manufacturing and wholesale reports for November should reinforce that heavily trade exposed sectors are still being negatively impacted by U.S. tariffs, even as we continue to expect increases in household spending to keep overall gross domestic product growth positive.

美元对CPI的价格走势：欧元/美元、英镑/美元、美元/日元。美元多头继续推动，本周，从圣诞节前后的低点形成的上升三角形结构被打破。12月发布的GDP数据引发了人们对美联储是否会倾向于进一步降息的质疑，亚特兰大GDP Now估计表明，我们可能会迎来另一个季度的强劲增长数据，这进一步加剧了美国经济此时是否迫切需要更多宽松政策的问题。

US Dollar Price Action into CPI: EUR/USD, GBP/USD, USD/JPY.US Dollar bulls are continuing to push and this week saw the break of an ascending triangle formation that brewed from lows established around the Christmas holiday. The GDP print released in December brought question to whether the Fed would be leaning towards more rate cuts, and the Atlanta GDP Now estimation indicated that we could be in for another quarter of strong growth numbers, further fueling the question as to whether the U.S. economy is in dire need of more accommodation at this point.

天然气，WTI石油，布伦特原油预测-石油在对委内瑞拉供应的担忧中测试新高。伊朗的抗议活动为石油市场提供了额外的支持。

Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Tests New Highs Amid Concerns About Venezuelan Supply.Protests in Iran provide additional support to oil markets.