<p>Gold is traditionally strong in January and early February on buying ahead of Chinese new year celebration but this year has been an exception. That's due in large part to broader US dollar buying and rising yields in January that are a result of stronger US economic data and rate cuts being pushed back.</p><p>However geop
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Case-Shiller 20-city US house price index +0.1% vs +0.5% expected
<ul><li>Prior was +0.6%</li><li>Prices +5.4% y/y vs 5.8% expected</li><li>Prior was +4.9% y/y</li></ul><p>The FHFA house price measure was up 6.6% y/y, nationally and 0.3% m/m. There are signs of a pickup in US house prices with inventories of homes for sale still low.</p><p>Here
JOLTs, consumer confidence and housing data highlight the US economic calendar
<p>US job openings have been trending lower and that's emboldened some Fed officials to call for rate cuts. We will get the latest edition of that report at 10 am ET, alongside the release of consumer confidence data from The Conference Board.</p><p>On the housing side, we will get home price data from Case-Shiller and the [&
TD Securities suggests automated trading strategies are likely to buy everything this week
<p>Coming up on Wednesday US time are much awaited:</p><ul><li>Federal Open Market Committee (FOMC) policy decision</li><li>Details of Treasury's coming auction sizes</li></ul><p>Then on Friday:</p><ul><li>NFP jobs report for January</li></ul><p>TD Securi
ICYMI – China's industrial profits fell 2.3% in 2023
<p>Its heading towards 7am in Beijing and another day will begin spoon after that on battling stock exchanges in the country. </p><p>Its likely to be a rocky start if after-hours trade in the US is anything to go by, shares took a hit on the solid reporting: </p><ul><li><a href="https://www.forexlive.com/
SNB head Jordan said Swiss inflation gained in January, but stayed within target range
<p>Swiss National Bank Chairman Thomas Jordan spoke to the Club der Zuercher Wirtschaftsjournalisten (Business Journalists club) on Tuesday. </p><p>He also spoke on Monday with broadcaster SRF</p><p>Some of his remarks ICYMI:</p><ul><li> “Our expectation is that inflation went up, because of the VAT i
Asian Economic Calendar: Key Events and Consensus Expectations for 31 January 2024
<p>It's a packed agenda.</p><p>It kicks off with the Bank of Japan Summary of Opinions report from the most recent meeting, back on the 22nd and 23rd of January:</p><ul><li><a href="https://www.forexlive.com/centralbank/boj-announce-no-change-to-policy-as-expected-20240123/" target="_blank&
Trade ideas thread – Wednesday, 31 January, insightful charts, technical analysis, ideas
<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.
Microsoft and Alphabet earnings/revenues beat expectations. Starbucks, AMD, Stryker too.
<p>Microsoft Corp (MSFT) – Q4 2023</p><ul><li>EPS: $2.93 (BEAT expectation of $2.78). Last year $2.32</li><li>Total Revenue: $62.02 billion (BEAT expectation of $61.1 billion). Last year $52.7B</li><li>Cloud Revenue: $33.7 billion (BEAT expectation of $32.31 billion). Last year $27.1B<ul>&
US equity index futures dragged lower by falling stock prices for Alphabet & MSFT
<p>Earnings announcements from Google and Microsfot. </p><p>Alphabet (AKA Google) Q4 2023 (USD): </p><ul><li>EPS 1.64 (exp. 1.59), </li><li>Revenue 86.31bln (exp. 85.33bln) </li></ul><p>Microsoft Q4 2023 (USD): </p><ul><li>EPS 2.93 (exp. 2.78), </li><li>