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<p><img width="558" height="307" src="https://www.actionforex.com/wp-content/uploads/featured-images/f-usa4.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" fetchpriority="high" /></p> <p>US ISM Manufacturing

<p><img width="509" height="339" src="https://www.actionforex.com/wp-content/uploads/featured-images/f-fed3.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" /></p> <p>Richmond Fed Thomas Barkin, in his prepared remarks

<p><img width="612" height="432" src="https://www.actionforex.com/wp-content/uploads/2018/07/f-usd94.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" fetchpriority="high" srcset="https://www.actionforex.com/wp-content/

<p>There's no end to the stupidity in crypto but this is a new one.</p><p>There's a report doing the rounds from Matrixport that speculates the SEC will reject the bitcoin spot ETF this month. It's written by Markus Thielen, their head of research.</p><p>It's clearly speculation but it's being

<ul><li>Six-month PCE inflation now 'just below' 2% target'</li><li>'You can see the case' for a soft landing developing but it is not inevitable</li><li>Risks include delayed impact of high rates on credit, outside shocks, services inflation getting stuck and strong demand</li><

<p>The major US stock indices are down for the 2nd consecutive day. The declines are more even across the 3-major indices. Yesterday, the Nasdaq index was the hardest hit (-1.63%). The Dow moved marginally higher (+0.07%). </p><p>A snapshot of the market 14 minutes into the open is showing </p><ul><li>Dow industr

<p>US 10-year yields touched above 4% for the first time since the aftermath of the December 13 FOMC decision.</p><p>The rise in yields comes just after the equity open and erases all the move over the holiday period. </p><p>The dollar is getting a particular boost against the yen, with that pair now up 133 points to [

<p>This isn't the start to the year that equity bulls hoped for.</p><p>After yesterday's rout, S&amp;P 500 futures are down 24 points, or 0.5% while Nasdaq futures are 0.7% lower. </p><p>The market isn't getting any help from fixed income where yields have extended gains to 3-5 bps across the curve.

<p>The market certainly isn't in a good mood on the first Wednesday of the year, with S&amp;P 500 futures down 19 points, or 0.4% and the Nasdaq lagging again. In FX, the US dollar is reasserting itself as Treasury yields tick 2-3 bps higher across the curve.</p><p>On the economic calendar today, we get a pair […]

<p>This would have been better earlier in the week, but here goes … Via HSBC, analysts there saying its now a ‘Reverse Goldilocks’ environment and time to get out of risk assets:</p><ul><li>the rally into year-end 2023 was 'Goldilocks', the Fed’s dovish pivot in December amplified it</li></ul><