<p>Headlines:</p><ul><li><a href="https://www.forexlive.com/news/dollar-keeps-firmer-with-us-jobs-report-in-focus-20240105/">Dollar keeps firmer with US jobs report in focus</a></li><li><a href="https://www.forexlive.com/news/equities-cant-get-off-the-floor-in-trading-this-week-20240
Blogs
PBOC preaches prudent monetary policy, to keep liquidity reasonably ample
<ul><li>To comprehensively use a variety of monetary policy tools to maintain sufficient liquidity</li><li>To further optimise credit structure</li><li>Prudent monetary policy needs to be flexible, appropriate, precise, and effective</li><li>To keep yuan exchange rate basically stable, at appropriate
USD/CAD seen at 1.30 at year-end – Reuters poll
<p>The poll shows that analysts are seeing USD/CAD fall to 1.30 by year-end, although not before touching 1.34 in three months' time. Scotiabank notes that: "We think rate cuts are probably going to come a little bit earlier, maybe a little quicker in the US relative to much of the rest of the world. Some […]
China says that cooperation with US is 'no longer a dispensable choice' for the world
<ul><li>Should not move towards confrontation because of differences</li><li>Artificial decoupling is moving against the tide and losses outweigh gains</li><li>The need for cooperation is not weakened, but stronger at this time</li><li>No conflict between China and US is the most important peace divid
Equities can't get off the floor in trading this week
<p>European indices are down roughly 1% now as stocks are struggling to stay afloat once again. The push lower comes as 10-year Treasury yields are at session highs, up 4.7 bps to 4.038% as bond sellers look to validate a break above the 4% mark on the week. US futures are also struggling, gradually moving […]
Eurozone December preliminary CPI +2.9% vs +3.0% y/y expected
<ul><li>Prior +2.4%</li><li>Core CPI +3.4% vs +3.5% y/y expected</li><li>Prior +3.6%</li></ul><p>Headline annual inflation may show a jump in price pressures but core annual inflation actually eased slightly further in December to 3.4%, down from 3.6% in November. As such, this still reaffirms t
UK December construction PMI 46.8 vs 46.0 expected
<ul><li>Prior 45.5</li></ul><p>UK construction activity declined once again in December but at least this is the slowest-paced one in four months. House building (41.1) remains the weakest sub-sector with commercial (47.6) and civil engineering (47.0) also still reflecting a decline in activity. The good news at least
What does 2024 hold for the cryptocurrency market?
<p>Despite many predictions, Bitcoin failed to break the $100,000 barrier last year. However, it would be wrong to say that the previous 12 months have been bad for the sector.</p><p>Even with <a href="https://www.forexlive.com/Education/coinbase-stock-is-there-life-after-secs-lawsuit-20230614/" target="_blank&qu
Dollar keeps firmer with US jobs report in focus
<p>The push higher is helped by higher bond yields on the day, with 10-year Treasury yields up 3 bps to 4.021% at the moment. Traders are paring back some of the aggressive rate cut bets in general. Here's a look at the change in the totality of rate cuts priced in for this year from […]
Germany December construction PMI 37.0 vs 36.2 prior
<p>This is still a very poor reading as it still reflects that the German construction sector remains deep in contraction territory to end the year. Employment is also cut and that could feed further into labour market weakness going into this year, especially if manufacturing conditions remain in recession as well. Housing activity may show