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<p>US equities are trading roughly flat just after the open.</p><p>Bespoke highlights how the market has done historically after back to back losses of more than 0.5% to start the year. The short version is that it's not really indicative of anything.</p> This article was written by Adam Button at www.forexlive.com.

<p>Automakers will be reporting sales figures throughout the week. Ford is out today, reporting a 7.1% rise in US sales led by crossover SUVs and pickup trucks.</p><p>Yesterday, GM reported 2.6m unit sales in the US, up 14% in 2023 and in-line with estimates. It's GM's best year since 2019, when it sold 2.9m units.</p

<p>The US dollar is at the highs of the day against the yen, up 124 pips to 144.60. It's the third day of large gains in that pair to start the week and it's backed today by an 8 bps rise in 10-year yields to 3.985%.</p><p>The latest leg of gains came after lower-than-expected claims for […]

<ul><li>Prior was 218K (revised to 220K)</li><li>Four-week moving average 207.75K vs 212.5K prior</li><li>Continuing claims 1.855m vs 1.883m expected</li></ul><p>There are distortions around holidays and year-end that make jobless an unreliable indicator so be careful in drawing conclusions.<

<p>Snippets from analysts on the 2024 outlook for the Bank of England:</p><p>Goldman Sachs predict the first rate cut from the BoE in May, a 25bp rate cut to the Bank rate</p><ul><li>then further 0.25% cuts at each policy meeting until the base rate hits 3pc by May 2025</li><li>citing "softer seq

<p>The Bank of Japan is next meeting on January 22 and 23.</p><p>The deadly New Year earthquake has finally extinguished hope (there's that four-letter word again) for an end to BOJ negative rates at this meeting. I find it difficult to believe that anyone even remotely in touch with relevant BOJ/yen news ever entertained tho

<p>Multiple social media sources, along with news wires, are saying the U.S. Securities and Exchange Commission (SEC) will be approving bitcoin spot ETF applications for multiple firms.</p><p>Unnamed sources, but the items say these sources are "extremely close to the matter".</p><p>-</p><p>It see

<p>UBS is suggesting market participants are reading the minutes of the Federal Open Market Committee (FOMC) December meeting through a lens of their pre-existing views. I am not surprised by this at all. I struggling not to do so myself. </p><p>UBS:</p><ul><li>The minutes confirm whatever you wanted to think abo

<ul><li><a href="https://www.forexlive.com/news/adp-national-employment-for-december-164k-versus-115k-expected-20240104/">ADP national employment for December 164K versus 115K expected</a></li><li><a href="https://www.forexlive.com/news/us-weekly-initial-jobless-claims-208k-vs-216k-expected-2024