<p>Given the near empty calendar day in Europe, it should set up for a quieter session. Broader markets are likely to keep consolidating following yesterday's moves, as we await the US CPI data on Thursday.</p><p>The bond market remains a key area of focus. 10-year Treasury yields are still holding above 4% but still keeping
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Dollar consolidates recent gains, Bitcoin fiasco ahead of imminent ETF approval
<p>There's no shortage of drama in markets to start the new year, this time with Bitcoin grabbing all the attention yesterday. For a brief moment, there was jubilation as the SEC tweeted out that Bitcoin ETFs have been approved. But as it turns out, their account was hacked (how crypto is that?) and we have […]
ForexLive Asia-Pacific FX news wrap: Yen slides (Bitcoin too)
<ul><li><a href="https://www.forexlive.com/Cryptocurrency/twiitter-confirms-secgov-was-compromised-did-not-have-two-factor-authentication-enabled-20240110/">Twiitter confirms @SECGov was compromised, did not have two-factor authentication enabled</a></li><li><a href="https://www.forexlive.com/ne
Twitter confirms @SECGov was compromised, did not have two-factor authentication enabled
<p>Twitter on the BTC ETF approval/no approval debacle earlier today:</p><ul><li>We can confirm that the account @SECGov was compromised and we have completed a preliminary investigation. </li><li>Based on our investigation, the compromise was not due to any breach of X's systems, but rather due to an uniden
JP Morgan warns that Red Sea terrorist attacks driving up shipping costs, inflation
<p>JP Morgan is wary of the impact of terrorist attacks in the Red Sea on the price of shipping and subsequently on inflation.</p><p>JPM say that the "renewed increases in global shipping costs may actually add to consumer price inflation over the next several months".</p><p>With implications for inflation gl
Russian crude oil exports in the first week of 2024 down by 500,000 bpd
<p>Info via <a href="https://oilprice.com/Latest-Energy-News/World-News/Russia-Honors-OPEC-Commitments-with-Reduced-Oil-Exports.html" target="_blank" rel="nofollow">Oil price</a>:</p><ul><li>At the latest OPEC+ meeting at the end of November, Russia said it would deepen the export cu
Forex Today: Bitcoin Swings to New High on Fake SEC Report – 10 January 2024
Bitcoin Reaches 20-Month High on SEC ETF Approval Fake News; Crude Oil Rises on US, Houthi Tailwinds; Australian CPI Falls to 4.3%
Japan Labor Cash Earnings (YoY) registered at 0.2%, below expectations (1.5%) in November
Japan Labor Cash Earnings (YoY) registered at 0.2%, below expectations (1.5%) in November
Japan Overall Household Spending (YoY) declined to -2.9% in November from previous -2.5%
Japan Overall Household Spending (YoY) declined to -2.9% in November from previous -2.5%