<ul><li><a href="https://www.forexlive.com/Cryptocurrency/bitcoin-etfs-approved-sec-document-20240110/">Bitcoin ETFs approved — SEC document</a></li><li><a href="https://www.forexlive.com/centralbank/feds-williams-our-work-to-bring-inflation-back-to-2-is-not-done-20240110/">Fed
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Fed's Williams: Fed in ‘good place,’ has time to think about what’s next for rates
<p>Federal Reserve Bank of New York President John Williams:</p><ul><li> Fed in ‘good place,’ has time to think about what’s next for rates</li><li>Fed policy is still quite restrictive</li><li>‘eventually’ fed needs to get policy back to more neutral levels</li><li>Not surprised to see so
Bank of Japan "is completely ready” to end negative rates in April 2024 – ex BOJ official
<p>Makoto Sakurai says the Bank of Japan "is completely ready” to end negative rates in April 2024. Sakurai is a former Bank of Japan policy board member.</p><ul><li>“The BOJ is completely ready,” </li><li>“They are just waiting for one last push from one or two economic data.” </li><li>April is
SEC head Gensler says does not approve or endorse bitcoin; a speculative, volatile asset
<p>U.S. Securities and Exchange Commission (SEC) head Gensler is following up on the approvals his agency (finally) affirmed. ICYMI:</p><ul><li>B<a href="https://www.forexlive.com/Cryptocurrency/bitcoin-etfs-approved-sec-document-20240110/" target="_self">itcoin ETFs approved — SEC document<
It's not exactly fireworks after bitcoin ETFs are approved
<p>The biggest surprise of all might be if bitcoin does nothing following the approval of 11 spot ETFs. Presumably they will begin trading tomorrow but the market isn't exactly making fireworks.</p><p>Bitcoin is now up 0.2% on the day at $45,500.</p><p>Maybe market participants are waiting for a press release and
Nasdaq up for the 3rd day in a row. Major indices on track for gains for the week.
<p>The major US stock indices are closing higher. The SEC announced that they approved Bitcoin ETFs. William's was a bit more hawkish, but who cares if the Fed cuts 3 or 6 times. One can argue if they cut 6 it means there is trouble in the economy. The Goldilocks is moderate growth, Fed cuts […]
Trade ideas thread – Thursday, 11 January, insightful charts, technical analysis, ideas
<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.
Economic calendar in Asia 11 January 2024 – a light one
<p>The data due today is not likely to move around FX too much upon release. The Trade data from Australia is listed as high priority but its not a market mover at present. Inflation data is, and we had an indication on that out yesterday, a little lower than expected, a welcome development!</p><ul><li><a href="https
Bitcoin ETFs approved — SEC document
<p>Everyone is being careful with this but the SEC website this time has a new document <a href="https://www.sec.gov/files/rules/sro/nysearca/2024/fg-89shlq.pdf" target="_blank" rel="nofollow">here</a>.</p><p>It ends with:</p><blockquote>IT IS THEREFORE ORDERED, pursuant to Sec
The USD is tilting modestly higher after William's comments
<p>The comments from NY Fed President were a bit more hawkish:</p><p>Federal Reserve's Monetary Policy Stance:</p><ul><li>Stresses the need for a restrictive policy stance for some time.</li><li>Suggests the Fed can cut rates when confident that inflation is moving back to 2%.</li><li>