Blogs

<p>NAB business survey is conducted monthly</p><p>December business confidence -1, pick ups in mining and retail</p><ul><li>-8 in November</li></ul><p>Business conditions index 7, says NAB: “Conditions eased in December and are now firmly around their long-run average level".</p><u

<p>This is in part what is helping to keep the dollar from breaking down further earlier today. The greenback is now trading more mixed but keeping largely steadier against the European currencies. EUR/USD was up to 1.0915 earlier but now down to 1.0870 while USD/CHF is up to 0.8690 after having traded to a low […]

<p>USD</p><ul><li>The Fed <a href="https://www.forexlive.com/news/fomc-decision-no-change-to-rates-2024-median-dot-46-vs-49-expected-20231213/">left interest rates unchanged</a> as expected at the last meeting with a shift in the statement that indicated the end of the tightening cycle. </li><l

<p>The low earlier hit 146.97 on BOJ governor Ueda's press conference but the pair is now trading near 147.85 on the day. Besides a move higher in bond yields, there's not much else driving the rebound in USD/JPY. The earlier dip is largely driven by flows in the heat of the moment, as Ueda did […]

<p>USD</p><ul><li>The Fed <a href="https://www.forexlive.com/news/fomc-decision-no-change-to-rates-2024-median-dot-46-vs-49-expected-20231213/">left interest rates unchanged</a> as expected at the last meeting with a shift in the statement that indicated the end of the tightening cycle. </li><l

<p>The price is now down 1.6% on the day to $39,100 and threatens a much steeper drop below the $40,000 mark. This comes as we are seeing a test up against its 100-day moving average (red line) of $39,230 and a break of that will see sellers exert more control over the latest downside run […]

<ul><li>Demand decline driven by higher interest rates, subdued consumer confidence</li><li>Banks expect marginal rise in demand for loans in Q1 2024 though</li><li>Bank lending conditions tightened the most in real estate and construction sectors</li><li>Credit standards tightened further in Q4 2023

<p>● The Bank of Japan (BoJ), the Bank of Canada (BoC), and the European Central Bank (ECB) will announce their policy decisions and issue the latest monetary statements on 23 – 25 January.</p><p>● Investors and traders will finally get some fresh clues on the future path of interest rates in three major economies—Japan, Canada, a

<ul><li>Eurostoxx +0.2%</li><li>Germany DAX +0.2%</li><li>France CAC 40 +0.2%</li><li>UK FTSE +0.3%</li><li>Spain IBEX flat</li><li>Italy FTSE MIB flat</li></ul><p>This comes as US futures are also seeing light changes, with S&amp;P 500 futures flat at the

<p>There aren't any major expiries to take note of for the day. As such, markets will be left to their own devices with the key stories so far being China's ¥1 trillion backstop to save the stock market and a more hawkish tone by BOJ governor Ueda in his press conference.</p><p>Besides that, the bond market […]