Blogs

<ul><li>Economy likely stagnated in Q4</li><li>Some surveys point to a pickup in 2024</li><li>Demand for labor is slowing</li><li>Upside risks to inflation include heightened geopolitical tensions, including in Middle East</li><li>Market interest rates have moved broadly sideways since our

<p>The ECB press conference will start momentarily.</p><p>The low-latency audio feed is <a href="https://www.ecb.europa.eu/press/pressconf/press_conference/html/index.en.html" target="_blank" rel="nofollow">here</a>.</p> This article was written by Adam Button at www.forexlive.com.

<ul><li>Prior was 590K (revised to 615K)</li><li>Sales up 8.0% vs -9.0% prior</li></ul><p>This bounce erases a sharp drop in November. Comments from home builders in the latest earnings calls show enthusiasm for increasing housing starts.</p> This article was written by Adam Button at www.forexlive.co

<p>The major US stock indices are opening higher on the day with the NASDAQ index leading the way. The NASDAQ and S&amp;P are working on their sixth consecutive day to the upside. Over that period, the S&amp;P has closed at record levels for four days in a row. Today would be the 5th day with […]

<ul><li>Prior was +3.9%</li><li>Earnings up 0.6% m/m vs 0.0% prior</li><li>Average weekly hours +0.6% y/y</li><li>Job vacancies -24.4% in November compared to January</li></ul> This article was written by Adam Button at www.forexlive.com.

<ul><li>Prior month -0.4% revised from -0.2%</li><li>Wholesale inventories advanced for December +0.4%</li><li>Retail inventories ex auto 0.6% versus -0.6% last month (revised from -0.8%</li></ul> This article was written by Greg Michalowski at www.forexlive.com.

<ul><li><a href="https://www.forexlive.com/news/us-november-advance-goods-trade-balance-9027-billion-vs-8956-billion-prior-20231228/" target="_blank" rel="follow">Prior </a>was -89.33 billion</li></ul> This article was written by Adam Button at www.forexlive.com.

<p>News from the afternoon in Canada. </p><p>United Kingdom/Canada trade deal talks have been halted</p><p> Canada decided not to extend two temporary measures put in place after Brexit</p><ul><li> A special quota for U.K. cheese imports, which offered the same low-tariff access to the Canadian market

<p>From UBS some snippets on EUR and the European Central Bank, and on other FX also:</p><ul><li>Most G10 currency pairings are now back in familiar ranges (e.g., EUR/USD between 1.0500 and 1.1000), where we expect them to remain in the coming months.</li></ul><p>Indeed, UBS is looking to sell EUR/USD aroun

<p>The European Central Bank held rates steady on Thursday:</p><ul><li><a href="https://www.forexlive.com/centralbank/ecb-leaves-key-interest-rates-unchanged-in-january-monetary-policy-meeting-20240125/" target="_self">ECB leaves key interest rates unchanged in January monetary policy meeting</a&