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<p>USD/JPY continues to retrace the rout from late in 2023. The pair added another 86 pips today, hitting 146.60, which is the highest since December 6 and completely wipes out the post-FOMC drop in the dollar.</p><p>The level I'm watching is 147.46, which is the 61.8% retracement of the Nov/Dec drop. </p><p>The p

<p>The major US stock indices are opening a lower in the shortened trading week. The markets were closed yesterday in observance of the Martin Luther King day holiday. </p><p>Last week the major indices moved higher led by the NASDAQ index which gained 3.09%. The S&amp;P index gained 1.84%. Of note technically is that the S&am

<p>The Empire Fed fell to -43.7 in January from -14.5 previously.</p><p>It's the earliest manufacturing data point of the month and at first glace it suggests a sharp contraction in activity. New orders plunged to -49.4 from -11.3.</p><p>The dollar fell around 20 pips across the board but there are indications thi

<p>China's Premier, Li Qiang, spoke at the World Economic Forum's annual gathering in Davos on Tuesday. </p><p>He let the cat out of the bag on the data due from China today, saying China's economy grew 5.2% in 2023.</p><p>The data is due for release later today:</p><ul><li><a href=&

<p>US military strikes have continued on Houthi terrorists this week.</p><p>On Friday we had:</p><ul><li><a href="https://www.forexlive.com/news/forexlive-asia-pacific-fx-news-wrap-airstrikes-on-houthis-escalation-takes-oil-higher-20240112/" target="_self">ForexLive Asia-Pacific FX news

<p>Data for purchases made in New Zealand on debit, credit and store cards. Card spending data covers around 68% of core retail sales in NZ. Its used as the main retail sales indicator for the country.</p><p>NZD/USD is basically unchanged on the data, circa 0.6138. </p><p>The kiwi $ dropped overnight in line with the s

<ul><li><a href="https://www.forexlive.com/centralbank/feds-waller-data-in-the-last-few-months-allowing-fed-to-consider-cutting-rates-this-year-20240116/">Fed's Waller: Data in the last few months allowing Fed to consider cutting rates this year</a></li><li><a href="https://www.forexlive.co

<p>Associated Press with the breaking headline that the terrorists are expected to be designated as terrorists by the US. </p><p>About time. </p><p>Houthis have been sending their missiles towards merchant and Navy shipping in waters off Yemen. </p><p>Last week allied military struck back:</p><ul&g

<p>A major US stock indices are all closing lower. Yields have moved higher with the 2-year up 8.6 basis points at 4.223%. The 10-year is up 11.6 basis points at 4.067%.</p><p>The Dow Industrial Average was the worst performer of the major indices. It was pushed down by a -7.9% decline in Boeing shares. Nike also […]

<p>New Zealand data kicks off the data agenda but its China that eyes will be on. </p><p>China's 2023 economic growth data is expected to show a full year result of 5.2%, which is pretty much spot on the government's 'around 5%' target. Which will surprise absolutely no one. The National Bureau of Statistics (N