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<p>Judo Bank / S&amp;P Global November Services PMI comes in at 47.1, improved but still in contraction</p><ul><li>November was 46.0</li></ul><p>Composite is 46.9</p><ul><li>November's was 46.2</li></ul><p>From the analysis in the report, on inflation and employm

<ul><li><a href="https://www.forexlive.com/news/us-december-ism-manufacturing-pmi-474-vs-471-expected-20240103/">US December ISM manufacturing PMI 47.4 vs 47.1 expected</a></li><li><a href="https://www.forexlive.com/centralbank/fomc-minutes-participants-saw-upside-risks-to-inflation-as-having-di

<p>The inventory data from the private survey is out now, official data follows Thursday morning (US time).</p><p>–</p><p>Expectations I had seen centred on:</p><ul><li>Headline crude -3.7mn barrels</li><li>Distillates +0.6 mn bbls</li><li>Gasoline -0.2 mn</li></

<p>Another Chinese PMI is due today, the December Services and Composite from Caixin / S&amp;P Global. The December PMI's we've had so far have been a mixed bag:</p><ul><li><a href="https://www.forexlive.com/news/china-dec-manufacturing-pmi-490-vs-495-expected-services-504-505-expected-20231231/" t

<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.

<p>It's been a rough start for the tech-heavy Nasdaq index as it fell -1.18% today. That comes after a -1.63% decline on the first trading day of the year (yesterday).</p><p>Today, the declines were broad-based with the Dow Industrial Average, the S&amp;P index, the Russell 2000, and the NASDAQ all declining by at least -

<p>The US dollar has given back earlier gains as Treasury yields turn lower. US 10-year yields rose as high as 4.01% early in New York trade but they've since fallen to 3.91%. That turn has weighed on the dollar and sapped earlier gains against the euro and yen.</p><p>USD/JPY remains up 125 pips on the day […]

<p>The AUDUSD moved lower for the 4th consecutive day. In the process, the price will down toward its 50% midpoint of the move up from the December low. A level comes at 0.66975. Low price for the day reached just above the 0.6700 level at 0.6701 and bounced.</p><p>That bounce moved back up to retest the […]

<p>The price of crude oil futures are settling at $72.70. That's up $2.32 or +3.30%.The price high reached $72.90, while the low extended to $69.28. </p><p><a href="https://www.forexlive.com/technical-analysis/crude-oil-continues-its-run-higher-technical-resistance-now-in-play-on-the-rally-20240103/" target="

<p>The Fed minutes did back that it is likely to have cuts this year, but did not really go to the extent that the market thinks (or so it seems). The USD has moved a bit higher with the EURUSD trading to a new low. The USDJPY is pushing to the highs. Other pairs are […]