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<p>I don't know how this ends but it can't go on.</p><p>Update: The group claimed they used missiles to hit the British oil ship Marlin Luanda.</p> This article was written by Adam Button at www.forexlive.com.

<ul><li>Yellen says US economy may see some spillovers from China financial turmoil if it leas to slower growth in important trade partners</li><li>She does not think spillovers to US will be very large</li><li>US-China financial working group meetings focused on pressures in financial sector and banks stemming f

<p>I can guarantee there will not be job gains in the US in January.</p><p>But the consensus for the January non-farm payrolls report is +178K jobs. How can that be?</p><p>The answer is seasonal adjustments. The non-farm payrolls report is seasonally adjusted, which means it's a number that smooths out things like

<ul><li>Oil rigs +2</li><li>Natural gas rigs -1</li></ul><p>Total rigs edged up this week. Oil has fallen lower again, down 88-cents to $76.48.</p> This article was written by Adam Button at www.forexlive.com.

<p>The risk tone is deteriorating slightly in the US afternoon. The Nasdaq is leading the way lower with a 0.4% decline with a 12% drop in Intel dragging chip names lower.</p><p>In the index, there are 719 stocks lower and 588 higher. It's closed at a fresh record high for five days in a row but […]

<p>We're three months away from the first reading on Q1 GDP and we still have at least two revisions to Q4 2023 so this number doesn't mean much but it's a start.</p><p>The Q4 GDP reading was 3.3%, which was stronger than the final Atlanta Fed estimate of 2.4%.</p> This article was written by Adam Button [&hel

<p>Bitcoin has extended gains to 5% today and touched $41,999.</p><p>The $2000 gain today is the first genuinely good day for bitcoin since the US ETFs were launched on January 11 and it touched $49,000. Since then the inflow numbers into bitcoin ETFs have been disappointing, particularly with large outflows from GBTC.</p>&l

<p>On the day:</p><ul><li>Stoxx 600 +1.1%</li><li>German DAX +0.3%</li><li>UK FTSE 100 +1.4%</li><li>French CAC +2.3%</li><li>Italy MIB +0.7%</li><li>Spain IBEX +0.2%</li></ul><p>On the week:</p><ul><li>Stoxx 600 +3.1%</li>&

<p>Oil erased earlier losses and rose as high as $77.64 before retracing by 40-cents.</p><p>It's been a bounce-back week for oil as it trades at the best levels since late November. This week's US oil inventory report showed a counter-seasonal draw, though that was largely due to cold weather. </p><p>A report

<ul><li>Prior was +1.5% (revised to +1.6%)</li><li>Six-month trimmed mean 2.6% vs 2.0% PCE</li></ul><p>This is a one-month measure that's annualized. It's a popular measure from Fed officials and it runs against the narrative of inflation rapidly falling to target.</p><p>Prescription d