Blogs

<p>The UK's Royal Institution of Chartered Surveyors (RICS) house price balance, which measures the gap between the percentage of surveyors seeing rises and falls in house prices, rose to -30 in December</p><ul><li>expected -34</li><li>-41 in November </li></ul><p>RICS measure of new buyer

<p>A White House statement slots in US President Biden to speak on the economy at 2pm US Eastern time on Thursday, 18 January 2024</p><ul><li>1700 GMT</li></ul><p>There isn't anything of particular note on the data calendar for Thursday. </p><p>The election year is beginning top warm up. We

<p>What a dreadful data point. USD/JPY little changed.</p><p>***</p><p>The orders data is a highly volatile data series. Its seen as a leading indicator of capital spending in the coming six to nine months.</p><p>***</p><p>Earlier:</p><ul><li><a href="https://www.forexl

<p>I posted on the jobs report due from Australia at 11.30 am Sydney time (0030 GMT and 1930 US Eastern time) here:</p><ul><li><a href="https://www.forexlive.com/news/asian-economic-calendar-key-events-and-consensus-expectations-for-18-january-2024-20240117/" target="_blank" rel="follow" data

<ul><li>The fall in inflation was encouraging and had been broad-based</li><li>No room for complacency and now is not the time to lower the guard</li><li>Caution was warranted, as inflation would probably pick up in the near-term</li><li>Too early to be confident that inflation battle has been won<

<p>The more bullish upgrade by BofA on Apple shares is the only relevant headline that I can allude to in helping to push US futures higher in the past hour. S&amp;P 500 futures are now up 0.3% with Nasdaq futures up 0.7%, while Dow futures are flat. So, that sort of gives you an idea […]

<p>A rebound in Chinese stocks and a slight softness in the dollar is helping to keep AUD/USD higher so far today, even with a rather poor Australian jobs report earlier <a href="https://www.forexlive.com/news/australia-dec-employment-651k-expected-176k-unemployment-rate-39-exp-39-20240118/" target="_blank" rel="fo

<p>The dollar is trading a little mixed but not much changed overall, after being slightly lower earlier in the day. EUR/USD moved up to 1.0905 before keeping flattish around 1.0888 now while USD/JPY fell to a low of 147.65 before recovering to 147.91 at the moment. In my view, the lack of impetus has much […]

<p>The news says that China's state council has amended rules for the PBOC's monetary policy committee with the new rules set to affirm the Communist Party's leadership over the work of the committee. This will go into effect starting from Thursday i.e. today. The rule also includes changes to the composition of committee membe

<ul><li>2024 world oil demand growth forecast raised by 180k bpd to 1.24 mil bpd</li><li>Economic outlook has improved over the last few months amid dovish pivot in central bank policy</li><li>Q4 2023 slump in oil prices to act as additional tailwind</li><li>Strong growth from non-OPEC+ producers coul