Australia Westpac Consumer Confidence: -1.3% (January) vs previous 2.7%
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Fed's Bostic: US progress on inflation is likely to slow
Atlanta Federal Reserve (Fed) President Raphael Bostic said on the weekend that inflation could "see-saw" if policymakers cut interest rates too soon, warning that inflation's descent towards the central bank's 2% goal was likely to slow in the months ahead, per the Financial Times.
Australian January consumer confidence -1.3% m/m (prior +2.7%)
<p>Westpac Consumer Confidence / Melbourne Institute monthly index. </p><ul><li>Down 1.3% on the month to 81.0</li></ul><p>Its been below 100, ie pessimists outnumbering optimists, since February 2022.</p><p>WPAC comment:</p><ul><li>The latest January read is in the bottom 7% o
Oil futures have opened higher after Iran's missile attacks into Iraq
<p>The news of the attack, strikes near US interests in Iraq are a substantial escalation:</p><ul><li><a href="https://www.forexlive.com/news/reports-iran-fired-a-ballistic-missile-which-struck-near-the-us-consulate-in-erbil-iraq-20240115/" target="_self">Reports Iran fired a ballistic missile which
European Central Bank to cut by 25bp in June, September, October and December 2024
<p>Via a Bloomberg (gated) survey of analyst expectations for the European Central Bank's depo rate this year. </p><ul><li>economists surveyed see a 25bp rate cut in June, September, October and December</li><li> bringing the deposit rate to 3%</li><li>the December 2023 survey had 3 rate cuts exp
Exploring the Dynamics of Forex in Organic Food Trade – A Comprehensive Guide
<h2>Introduction to Forex in Organic Food Trade</h2> <p>The integration of Forex in Organic Food Trade has become increasingly significant in the global economy. This growing significance is not just a trend but a reflection of the changing dynamics in international trade and economics. Understanding the role of Forex is crucial i
Cracking Down on Wildlife Trafficking Cryptocurrencies: A Comprehensive Guide to Safeguarding Forex Markets
<h2>Introduction to Wildlife Trafficking Cryptocurrencies</h2> <p>In recent years, the intricate relationship between the Forex markets and the economics of global wildlife trafficking has become increasingly evident, particularly with the rise of “Wildlife Trafficking Cryptocurrencies”. These digital currencies, speci
Redesigned Apple Watches not subject to import ban, US Customs says By Reuters
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Israel stocks lower at close of trade; TA 35 down 0.51% By Investing.com
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Movements of EUR/USD Around Yearend 2023
Movements in the dollar in late December and early January have traced a pattern that has been repeated many times. This tendency pertains to the dollar’s value against Europe’s most influential currency, which was the Deutsche mark from when the dollar first floated in 1973 through 1998 and thereafter has been in the relationship again