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<p>Tuesday reports on a recent survey by Deutsche Bank:</p><ul><li>a third of respondents to the survey expect BTC to drop below $20,000 by the end of 2024</li><li>around 10% see Bitcoin stabilizing between $20,000 to $40,000</li><li>about 25% see levels above $40,000</li></ul><p>

<p> Key Insights: </p><p> 1. BoJ Meeting Outcomes: </p><p>The BoJ maintained its current policies but indicated positive prospects for wages and inflation, along with concerns about the side-effects of negative rates and yield curve control, suggesting possible policy changes by mid-2024. </p><p>2. Market R

<p>Former St. Louis Federal Reserve branch President James Bullard said he expects the Federal Reserve to begin lowering interest rates before inflation hits 2%, and that cuts could come as soon as March. </p><p>Bullard was speaking in an interview with the Wall Street Journal (gated).</p><p> Bullard predicts core infl

<p>The Reserve Bank of New Zealand (RBNZ) have published their inflation data, its Sectoral factor model. Says the Bank of its own model:</p><ul><li>We created the sectoral factor model. It estimates the common component of inflation in the CPI basket, the tradable basket, and the non-tradable basket, based upon separate fac

<p>The People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.</p><ul><li>USD/CNY is the onshore yuan. Its permitted to trade plus or minus 2% from this daily reference rate.</li><li>CNH is the offshore yuan. USD /CNH has no restrictions on its trading range.</li>

<p>Chairman Tokura of Keidanren (Japan Business Federation) says aiming for wage hikes that outpace inflation in this year's labour talks</p><ul><li>The lobby group's vice-chair Koji adds that firms must improve productivity to secure sources for sustainable wage hikes</li></ul><p>**</p><

<p>People's Bank of China USD/CNY reference rate is due around 0115 GMT.</p><p>The People's Bank of China (PBOC), China's central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan

<p>The data from New Zealand is here, domestic inflation is high and sticky:</p><ul><li><a href="https://www.forexlive.com/news/new-zealand-q4-cpi-05-qq-expected-05-and-47-yy-expected-47-20240123/" target="_blank" rel="follow" data-article-link="true">New Zealand Q4 CPI 0.5% q/q

<p>That will give us a rough idea of how the Eurozone and UK economies are faring to start the new year. For the former, will it be a case of continued sluggishness and negative growth? For the latter, will the late rebound in activity in Q4 carry over to January? Those will be key questions […]