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<p>S&amp;P 500 futures are now up 0.4% with tech stocks leading the charge once again after the gains yesterday. Nasdaq futures are up 0.7% while Dow futures are up 0.2% currently. After having struggled earlier in the week, equities are producing quite a solid turnaround in fortunes yesterday and so far today.</p><p>The S&

<p>AUD/USD has gotten off to an awful start to the year, with the pair sinking 0.6800 all the way down to below 0.6600 in trading this week. The low yesterday tested the December low before seeing a bounce and buyers are now looking to take advantage of that. The mood is helped by a rebound […]

<p>For some context, after the hotter-than-expected UK CPI data <a href="https://www.forexlive.com/news/uk-december-cpi-40-vs-38-yy-expected-20240117/" target="_blank" rel="follow">here</a> earlier this week, the bets were for around 111 bps worth of rate cuts for the year. So, it's not exactly a

<ul><li>Eurostoxx +0.5%</li><li>Germany DAX +0.4%</li><li>France CAC 40 +0.5%</li><li>UK FTSE +0.8%</li><li>Spain IBEX +0.3%</li><li>Italy FTSE MIB +0.4%</li></ul><p>US futures are also in a better spot to start the session, with S&amp;P 500 futures up 0.2

<p>Just when it looked like the pair might be poised for extending the break higher this week, sellers are stepping in strongly in the past hour to send price back down. The high earlier touched 148.80 but the pair now has dropped down to 148.11 on the day:</p><p>The drop comes as 10-year Treasury yields also […]

<ul><li>Prior -0.5%</li></ul><p>On the year itself, producer prices were down by 8.6% but are still at higher levels after the staggering increases in 2022 (+32.9%) and 2021 (+10.5%) previously. Lower energy prices is once again the main reason for the drop in the headline reading. If you strip that out, producer price

<ul><li>Prior +1.3%; revised to +1.4%</li><li>Retail sales -2.4% vs +1.1% y/y expected</li><li>Prior +0.1%; revised to +0.2%</li><li>Retail sales (ex autos, fuel) -3.3% vs -0.6% m/m expected</li><li>Prior +1.3%; revised to +1.5%</li><li>Retail sales (ex autos, fuel) -2.1% vs +1

<p>The verbal jawboning by Japan finance minister, Shunichi Suzuki, earlier helped the yen currency out a little in Asia trading. But that didn't last long with USD/JPY now rising to fresh nine-week highs of 148.76. This comes after the technical break of the 100-day moving average (red line) in trading this week.</p><p>And w

<p>10-year Treasury yields are at their highest in over five weeks, running close to 4.16% now after a break of its 200-day moving average. The surge higher in yields was a problem for markets earlier this week but it wasn't the case in trading yesterday.</p><p>The dollar ended up trading more sluggishly and equities raced hi

<ul><li><a href="https://www.forexlive.com/news/japan-tertiary-industry-activity-index-november-07-mm-prior-08-20240119/">Japan Tertiary Industry Activity Index (November) -0.7% m/m (prior -0.8%)</a></li><li><a href="https://www.forexlive.com/centralbank/the-imf-recommends-the-reserve-bank-of-au