Blogs

<p>Data from Barclays on card spending in December:</p><p>Consumer spending +2.3% y/y (this is Barclaycard customers spending via credit and debit cards)</p><ul><li>prior +2.9%</li></ul><p>Barclays said that part of the fall in the month reflected lower inflation. </p><ul><li>&

<p>British Retail Consortium (BRC) data:</p><p>Like-for-like sales +1.9% y/y in December</p><ul><li>prior +2.6%</li></ul><p>Total sales +1.7% y/y in December</p><ul><li>November was +2.7%</li></ul><p>BRC comment:</p><ul><li>"The festive

<p>Falling rates of inflation in the Tokyo area will likely translate to national CPI figures due in around 3 weeks. </p><p>The underlying rate of inflation, the core-core (ex food and energy), which is closest to the US measure of core inflation, remains well above the Bank of Japan 2% target and argues for a reduction […]

<p>Headlines:</p><ul><li><a href="https://www.forexlive.com/news/major-currencies-keep-quieter-so-far-in-european-trading-20240109/">Major currencies keep quieter so far in European trading</a></li><li><a href="https://www.forexlive.com/news/impact-of-monetary-policy-shocks-is-greate

<p>USD</p><ul><li>The Fed <a href="https://www.forexlive.com/news/fomc-decision-no-change-to-rates-2024-median-dot-46-vs-49-expected-20231213/">left interest rates unchanged</a> as expected at the last meeting with a shift in the statement that indicated the end of the tightening cycle. </li><l

<p>This is the 24th straight month that the index remains below the 50-year moving average of 98. NFIB notes that small businesses remain very pessimistic about the outlook coming into this year, with 23% of firms reporting inflation to be their single-most important problem in business operations – up 1% from November. Adding that whil

<p>There's not much in terms of action so far in European morning trade, with the market moves so far looking rather tentative at best. 10-year Treasury yields are holding steady at around 4.04% after the drop yesterday and that is keeping traders on edge today:</p><p>The limiting factor so far looks to be the 200-day moving

<ul><li>Prior 6.5%</li></ul><p>The euro area jobless rate actually ticked lower in November and that continues to reaffirm that labour market conditions are very much holding up despite the economic slowdown in the region.</p> This article was written by Justin Low at www.forexlive.com.

<p>USD</p><ul><li>The Fed <a href="https://www.forexlive.com/news/fomc-decision-no-change-to-rates-2024-median-dot-46-vs-49-expected-20231213/">left interest rates unchanged</a> as expected at the last meeting with a shift in the statement that indicated the end of the tightening cycle. </li><l

<p>The city of Nagaoka is reporting seismic intensity of 5- but that seems to be the most impact from the above earthquake. So, on paper that is nothing quite as bad as the Ishikawa earthquake and aftershocks. But this is one of the larger one in recent days and in a similar part of the […]