Blogs

<p>WTI crude prices are down 5% today in a rout that's followed Saudi Arabia's move to lower the official selling price for February-loadings of Arab Light oil to Asia by $2 a barrel.</p><p>The move has increased concern that the market is oversupplied in Q1, which is traditionally the weakest-demand period of the year.

<p>The first significant supply of Treasuries comes to the market this week, with a trio or auctions starting on Tuesday.</p><p>All the auctions are at the usual time at 1 pm ET:</p><ul><li>Tuesday $52 billion in 3s</li><li>Wednesday $37 billion in 10s</li><li>Thursday $21 billion in 30s&l

<p>ANZ-Roy Morgan weekly Australian Consumer Confidence survey comes in at 84.8</p><ul><li>prior was 81.8</li></ul><p>84.8 is the highest since late in January 2023.</p><p>Confidence typically jumps in early January, but this is big one. It's the 3rd-largest January jump in 15 years.</p&

<p>HSBC analysts are looking for further 'modest' strength in the yen through 2024.</p><p>They argue that after the weakness in JPY over the past 3 years it'll show some recovery this year. Says markets have already discounted expected rate increases in Japan, and falls in the US.</p><p>And add they see:

<p>News flow on this is patchy and incomplete.</p><p>It appears the explosion was at a hotel in the city, the Sandman Signature Fort Worth Texas Hotel.</p><p>Fire Department and other EMS attending.</p><p> Injuries have been reported</p><p>Fort Worth police say they are currently working a Major

<ul><li><a href="https://www.forexlive.com/centralbank/ny-fed-one-year-inflation-expectations-fall-to-the-lowest-since-january-2021-20240108/">NY Fed one-year inflation expectations fall to the lowest since January 2021</a></li><li><a href="https://www.forexlive.com/news/us-november-consumer-cre

<p>Federal Reserve Governor Bowman is speaking at the South Carolina Bankers Association 2024 Community Bankers Conference:</p><ul><li> Inflation could fall further with policy rate held steady for some time</li><li>Current policy stance appears sufficiently restrictive</li><li>It will eventually beco

<p>I posted yesterday on the Alaska Airlines / Boeing problem which, thankfully, did not turn into a tragedy:</p><ul><li><a href="https://www.forexlive.com/news/alaska-airlines-boeing-737-max-9-blowout-incident-is-alarming-20240108/" target="_blank" rel="follow" data-article-link="true&q

<p> The major US stock indices rebounded after its first declining week last week in over 2 months (9 week win streak). The Nasdaq index surged over 319 points or 2.20%. The Dow Industrial Average which was dragged down by Boeing shares (down $-20.26 or -18.1%) still closed higher by 0.58%.</p><p>A snapshot of the final […]

<p>more to come</p><p>Japanese inflation data headlines the data calendar for the session ahead. I posted a one-liner preview and an explanation of the Tokyo CPI yesterday, at this link:</p><ul><li><a href="https://www.forexlive.com/news/japanese-markets-are-closed-today-but-will-reopen-tomorrow-after-lat