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<p>The major US stock indices are closing near highs for the day. Wall Street Journal's Timiraos tweeted that the core PCE was likely to be tame when released on January 26th with the 12-month, 6 month and 3-month trends moving lower (<a href="https://www.forexlive.com/news/wsj-timiraos-core-pce-modeling-to-the-downside-20240118/

<p>We had the Tokyo area December inflation data a couple of weeks ago, showing a subsiding headline rate:</p><ul><li><a href="https://www.forexlive.com/news/tokyo-headline-cpi-for-december-24-yy-prior-26-20240108/" target="_blank" rel="follow">Tokyo headline CPI for December 2.4% y/y (pri

<p>Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders would like to share and discuss with fellow ForexLive traders, please do so: </p> This article was written by Eamonn Sheridan at www.forexlive.com.

<p>Bitcoin is down $2000 today or 4.5% as the selling after the ETF debuts continues. Bitcoin rose as high as $49051 in the hour after the 11 US bitcoin ETFs were launched but a 'sell the fact' trade quickly emerged and it's been downhill ever since.</p><p>Today bitcoin held at the January lows of $41,200 for [&hell

<p>The price of crude futures settled the day at $74.08. That's up $1.52 or 2.09%. The high price reached $74.19. The low price was at $72.10. The current price traded $73.89.</p><p>US inventory data was mixed, but there were increased geopolitical risks from activity in the Red Sea. The US data today – especially the initial

<p>The NZDUSD trended lower into yesterday's trade, but after reading it at 200 day moving average near 0.60901, and a swing area between 0.6078 and 0.6085, the selling baby in the price corrected the upside. That move to the upside took the price to an Asian session high of 0.6135. That was short of the […]

<p>The US Senate bill to a verdict a partial government shutdown beginning this weekend secured enough votes to pass in the Democratic majority chamber.</p><p>The expectations are that the House will pass the measure as well, and avert chaos. </p> This article was written by Greg Michalowski at www.forexlive.com.

<p>WSJ Timiraos tweets that the core PCE is projected to be mild given the CPI and PPI data last month. More specifically, the expectations are for a rise of 0.17%. That would in turn lower the 12-month and the 3 and 6 month numbers. </p><p>This tweet might have turned around the market.</p> This article was […]

<p>The broader US indices are giving up some of their gains. </p><ul><li>The S&amp;P index is now up only 4 points or 0.09 percent at 4743.10. At session highs the index was up 26.88 point.</li><li>The NASDAQ index is still up 67.34 points or 0.45%, but was up 191.67 points at session highs.</li></ul

<p>White House:</p><ul><li>US largest additional strikes at a couple of Houthi anti-ship missiles that were being prepared to fire into the Red Sea. </li></ul> This article was written by Greg Michalowski at www.forexlive.com.