Blogs

<p>Major currencies are little changed, stuck in narrower ranges on the day and understandably so. All eyes are on the US jobs report coming later today and that will be the main draw for market players before the weekend. Here's a snapshot of the FX space and you can see that dollar pairs are much […]

<ul><li><a href="https://www.forexlive.com/news/south-koreas-kospi-equity-index-and-won-both-taking-a-hit-on-north-korea-strike-report-20240105/">South Korea's KOSPI (equity index) and won both taking a hit on North Korea strike report</a></li><li><a href="https://www.forexlive.com/news/an-

<p>News is here ICYMI:</p><ul><li><a href="https://www.forexlive.com/news/an-evacuation-order-has-been-issued-for-south-korean-border-island-of-yeonpyeong-20240105/" target="_blank" rel="follow" data-article-link="true">An evacuation order has been issued for South Korean border

<p>I haven't any further details at this stage.</p><p>Added:</p><ul><li>Yonhap (South Korean media) cites 'the situation related to North Korean provocation'.</li><li>Yeonpyeong officials says the evacuation order was issued by South Korea's military</li><li>South Korea

<p>Data comes via the UK's Society of Motor Manufacturers and Traders (SMMT)</p><ul><li>1.9 million vehicles were sold in 2023, up 17.9% y/y</li><li>For December alone, new car sales +9.6%y/y</li></ul><p>Easing supply chain issues helped fulfil pent-up demand for fleet vehicles.</p>&l

<p>Home foreclosures in China + 33.5% to 709,000 cases in the first 11 months of 2023 from the year before</p><ul><li>only 19.2 percent were successfully sold – down from 21.66 percent in the January-November period in 2022</li></ul><p>Info via <a href="https://www.thestandard.com.hk/section-n

<p>I posted earlier on what to watch in in the nonfarm payroll:</p><ul><li><a href="https://www.forexlive.com/news/here-is-what-to-watch-for-an-extreme-surprise-in-fridays-us-employment-report-20240104/" target="_self">Here is what to watch for an extreme surprise in Friday's US employment repo

<p>Goldman Sachs on oil prices, via an interview with CNBC:</p><ul><li>"If you have a disruption in the Strait of Hormuz for a month, [oil] prices would rise by 20% and could even eventually double if the disruption of the Strait of Hormuz lasted for longer"</li></ul><p>—</p><p>D

<p>The military is drafting plans to hit back at Iran-backed Houthi militants who have been attacking commercial shipping in the Red Sea, according to three U.S. officials with direct knowledge of the discussions. That includes striking Houthi targets in Yemen, according to one of the officials, an option the military has previously presented

<p>As the North American session begins, the USD is the strongest and the JPY is the weakest. The market awaits the dual jobs reports. Both the US and Canada jobs reports will be released at 8:30 AM ET. The following is estimated for the US major components from the BLS report. </p><ul><li>Non-Farm Payrolls (Dec): Expected [