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<p>While its an active data agenda its likely that we'll be waiting for the Chinese trade data for any FX market impact. Its listed at 0300 GMT, which is 2200 US Eastern time, but that is only a guide as this data is not known for arriving on schedule. Exports are expected to soften a […]

<p>Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders would like to share and discuss with fellow ForexLive traders, please do so: </p> This article was written by Eamonn Sheridan at www.forexlive.com.

<p>MUFG predicts a substantial decrease in the USD/JPY exchange rate over the course of 2024, citing factors including US yield developments, Japan's aggressive inflation policies, and the Bank of Japan's anticipated policy shifts.</p><p>Key Points:</p><ul><li>US Yield Developments: US yield trends will

<p>The US dollar is at the best levels of the day as equities wilt. The S&amp;P 500 is down 0.3% and the Nasdaq down 0.4%.</p><p>The declines in equities and the rally in the dollar come despite falling yields for the second day. US 10-year yields are down 4.4 bps today and near the lows of […]

<p>The GBPUSD is scene more downside momentum and in the process is trading to new session lows. The decline has the pair down to test the next swing area target between 1.2558 and 1.25679. </p><p>Move below that level would have traders looking toward the 38.2% retracement of the move-up from the November low. That level [&hellip

<p>US crude futures are settling at $69.38. That's down-$2.94 or -4.07%. The decline was the largest since a -4.66% decline on November 16. Looking at the daily chart, the next major target area comes near $67 where swing lows from June in July are found.</p><p>The tumble comes despite an oil drawdown of -4.632 million versus

<p>The Biden administration failed in its bid for wholesale loan cancellation but it continues to use its powers to cancel debt in smaller batches.</p><p>"This brings the total debt cancellation my administration has approved to $132 billion for over 3.6 million Americans through various actions," Biden said in a stateme

<p>The EURUSD is back down testing a cluster of support including its:</p><ul><li>100-day moving average at 1.0770, </li><li>Rising 200-bar moving average on the 4-hour chart at 1.07644, and </li><li>50% midpoint of the November trading range at 1.0766.</li></ul><p>The low of a swing

<p>Earlier today, the ECB's Kazimir <a href="https://www.forexlive.com/centralbank/ecbs-kazimir-market-bets-for-a-q1-rate-cut-are-science-fiction-20231206/" target="_blank" rel="follow">said </a>market bets for a Q1 rate cut are 'science fiction'. Deutsche Bank disagrees.</p><p

<ul><li><p>Restriction on Exports to Russia</p><ul><li>The G7 remains committed to restricting exports of all items critical to Russia’s military and industrial base.</li></ul></li><li><p>Restriction on Russia’s Use of the International Financial System</p><ul><li>T