The AUD/USD pair trades on a softer note above the 0.6700 mark during the early Asian session on Monday.
Blogs
China Foreign Exchange Reserves (MoM) above forecasts ($3.2T) in December: Actual ($3.238T)
China Foreign Exchange Reserves (MoM) above forecasts ($3.2T) in December: Actual ($3.238T)
ICYMI – Wharton’s Jeremy Siegel says the Dow could surpass 40,000
<p>Wharton finance professor Jeremy Siegel likes the DOW index higher, favouring the big round number just above us at 40,000:</p><ul><li>“We could definitely get it past 40,000”</li><li> "A 10% to 12% rise in stock prices is not out of the question for 2024”</li></ul><p>The risk is the Fed
Reminder – markets in Japan are closed Monday 08 January 2024 for a holiday
<p>Markets are closed in Japan for (another) public holiday today, Monday, 8 January 2024. </p><p>This will shut down physical US Treasury trade, although futures markets will be open. </p><p>As for FX, it's a regular day in New Zealand, Australia, Singapore and Hong Kong. </p> This article was written by Ea
Y'all set to spend another week muttering about imminent spot bitcoin ETF approval?
<p>We've been sitting on the edge of our seat for months on this now. Last week, same old.</p><p>Thursday:</p><ul><li><a href="https://www.forexlive.com/Cryptocurrency/is-this-confirmation-that-a-spot-bitcoin-etf-has-been-officially-approved-20240104/" target="_blank" rel="follow&
Goldman Sachs says Q4 US corporate earnings will beat analyst forecasts, may again in 2024
<p>A note from equity analysts at Goldman Sachs, bullish for 2024 on US firms' earnings.</p><p>Currently their forecast is for S&P 500 companies’ earnings per share to rise 5% to $237 this year, well above the median $231-per-share forecast, but still in danger of being too low says GS:</p><ul><li>“W
Economic calendar in Asia for Monday, 8 January 2024 is light
<p>It's a light session ahead on the data agenda:</p><p>I’ve noted data for Australia with text as the similarity of the little flag with New Zealand's can sometimes be confusing. </p> This article was written by Eamonn Sheridan at www.forexlive.com.
Trade ideas thread – Monday, 8 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.
Monday morning open levels – indicative forex prices – 08 January 2024
<p>Good morning, afternoon or evening to all ForexLive traders and welcome to the start of the new FX week.</p><p>As is usual for a Monday morning, market liquidity is very thin until it improves as more Asian centres come online … prices are liable to swing around, so take care out there.</p><p>Indicative rates:
A significant step has been taken to avert a US government shut down
<p>An sgreement on a “topline” spending level has been reached by House Speaker Mike Johnson and Senate Majority Leader Chuck Schumer.</p><p>This agreement has broken the stall on the process to avoid a shut down. While the threat still lingers its much reduced. </p><p>For the political folks<a href="https://ww