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<p>In case you missed it: <a href="https://www.forexlive.com/news/magnitude-76-earthquake-hits-japan-20240101/" target="_blank" rel="follow">Magnitude 7.6 earthquake hits Japan</a></p><p>It's a terrible way to start the new year for those affected, with local authorities in the Ishika

<ul><li><a href="https://www.forexlive.com/news/china-reports-a-strong-surge-in-travel-over-the-new-year-3-day-holiday-20240102/">China reports a strong surge in travel over the New Year 3 day holiday</a></li><li><a href="https://www.forexlive.com/news/us-dollar-still-gaining-ground-20240102/&qu

<p>Travel in China over the three-day New Year's holiday grew strongly:</p><ul><li>135 million domestic tourist trips, up 155% from last year</li><li>domestic tourism revenue rose to 79.73 billion yuan </li><li>During the New Year holidays, more than 128 million passenger trips were made on China

<p>The first trading day of the new year here in Asia has seen the US dollar trade b=higher, most notably against the yen and CHF. </p><p>EUR, AUD, NZD, GBP and Cad have also lost ground. CAD has received some support from higher oil prices. </p><p>Over the weekend were Middle East concerns:</p><ul><li&g

<p>Oil has traded higher in the early hours of the week.</p><p>Tensions in the Middle East are ratcheting a little higher. Houthi leadership was quoted as saying </p><ul><li>We will target them, We will make American battleships, American interests, and American shipping traffic targets of our drones, and our mil

<p>Coming up on Tuesday are manufacturing PMIs from the UK, Canada and US. </p><p>All three will go into the mix for their respective central banks, and that for the Federal Reserve particularly as the market weighs up the potential for a March rate cut. BoA have tipped this:</p><ul><li><a href="https://w

<p>Headlines:</p><ul><li><a href="https://www.forexlive.com/news/stocks-turn-lower-as-the-early-optimism-fades-20240102/">Stocks turn lower as the early optimism fades</a></li><li><a href="https://www.forexlive.com/news/eurozone-november-m3-money-supply-09-vs-10-yy-expected-20240102/

<p>I'll just get straight to it and it does look like not many houses are looking for extravagant gains in stocks for this year, or at least for the S&amp;P 500 index. Here's the list:</p><ul><li>Citigroup – 5,100</li><li>Morgan Stanley – 4,500</li><li>JP Morgan – 4,200

<p>In the final two months of last year, market players were convinced that the disinflation narrative is going to prevail and that major central banks are going to cut rates much sooner than anticipated. That resulted in aggressive pricing for rate cuts, which saw the dollar sink heavily alongside Treasury yields while risk trades ripped [&h

<p>There was so much promise and hope for equities coming into the new year but we're seeing all of that get dashed on opening day as the mood turns sour. US futures were little changed and marginally higher to start the session but are now down all the way amid a steep drop in the […]