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<p>Media reports:</p><ul><li>Iran’s IRGC says it has targeted areas in Erbil, Iraqi Kurdistan, with ballistic missiles. It says the targets were the positions of “spies and dissident groups”, however Sky News says the US Consulate in Erbil has been attacked by “long-range missiles with great destructive capacity.” </li>

<ul><li><a href="https://www.forexlive.com/technical-analysis/what-levels-are-in-play-for-the-major-currency-pairs-to-start-the-new-trading-week-20240115/">What levels are in play for the major currency pairs to start the new trading week?</a></li><li><a href="https://www.forexlive.com/news/majo

<p>Another light one for the data agenda.</p><p>Japan's December PPI is expected to show a fall from November. The Bank of Japan has probably moved on from "the watching for wage gains to support inflation" phase to "the praying for wage gains to support inflation" phase. Only kidding, but sheesh, recent d

<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>From the New Zealand Institute of Economic Research, their business confidence measure for the final quarter of 2023. </p><p>Jumps to -2.0%</p><ul><li>prior -52.0%</li></ul><p>NZIER's well regard Quarterly Survey of Business Opinion (QSBO):</p><ul><li>While a net 10 per

<p>The EURUSD is moving sideways today. The USDJPY is moving higher. While the GBPUSD is continuing its ups and downs . Both the EURUSD and the GBPUSD are trading between the 100/200 hour MAs. The USDJPY is more bullish but is finding some resistance selling near the 50% midpoint of the move down from the […]

<p>With the markets moving sideways as we head toward the new trading day, what can we look forward to this week on the economic release and event calendar?</p><p>Tuesday, Jan 16:</p><ul><li>2:00 am: GBP – Claimant Count Change (Forecast: 18.1K, Previous: 16.0K)</li><li>2:00 am: GBP – Aver

<p>Fed's Bostic in weekend FT article said (the interview did not reference CPI and PPI last week). </p><ul><li>Expressed that if the Fed cuts rates too soon, inflation might fluctuate unpredictably, potentially stalling completely.</li><li>He anticipates a slower progression of inflation going forward but d

<p>The earnings season for the last quarter of 2023 was kicked off last week with some of the larger financial institutions. That pattern continues this week with a mixed of some others before big cap tech gets things going toward the end of the month. </p><p>For this week:</p><p>Tuesday January 16:</p><ul>

<p>The big picture the question is: Will we return to a 2010s style regime of low inflation and low rates? Last week's CPI data showed that we are and I think that's a big tailwind for all risk assets. The focus right now is on central banks but waiting longer to cut rates probably won't […]