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UK public inflation expectations rose higher to start the new year
<p>The survey shows that public expectations for inflation in the next 12 months rose to 3.9% in January. That is up from 3.5% in the December survey, pretty much erasing the drop in the month before. The increase is due to worries about shipping disruptions, considering the Red Sea situation.</p><p>Meanwhile, long-term inflation
The rout in Chinese equities stays the course as last week's rebound gets faded
<p>The rebound last week was largely due to speculation of a supposed ¥1 trillion rescue package for the stock market. Instead, it ended up being a <a href="https://www.forexlive.com/centralbank/pboc-to-cut-reserve-requirement-ratio-from-5-february-20240124/" target="_blank" rel="follow">50 bps RRR cut</
Time for the Magnificent Seven to step up to the plate?
<p>In the past year, shares of Meta, Amazon, Apple, Nvidia, Alphabet, Microsoft, and Tesla have collectively soared more than 96%, leaving the 22.7% growth of the S&P 500 in the dust. </p><p>Such impressive performance cannot continue forever unless these companies make another meaningful discovery (such as developing anot
Dollar mostly little changed ahead of European trading
<p>The changes among major currencies are relatively light as we look towards European trading today. The aussie is a slight mover, building on the stark rebound yesterday in US trading. Of note, AUD/USD bounced off its December low and 100-day moving average at 0.6525-30 but is now trading back to its previous consolidation zone near [&helli
Non-farm payrolls in the spotlight but there are other things brewing in markets
<p>It is NFP Friday in markets and that tends to steal the focus more often than not. While the spotlight is shining on the jobs data, it may well take a backseat in the aftermath before the weekend comes along. That is because the enigma in markets this week is the strong bid in Treasuries.</p><p>It […]
ForexLive Asia-Pacific FX news wrap: AUD and NZD follow on higher
<ul><li><a href="https://www.forexlive.com/news/north-korea-has-fired-several-cruise-missiles-off-its-west-coast-20240202/">North Korea has fired several cruise missiles off its west coast</a></li><li><a href="https://www.forexlive.com/Cryptocurrency/a-forecast-for-bitcoin-to-hit-500k-after-apri
North Korea has fired several cruise missiles off its west coast
<p>South Korea's Joint Chiefs of Staff (JCS) info via media outlets in South Korea (Yonhap)</p><p>This brings the number of North Korean cruise missile launches this year to 4, and we are only just out of January. </p><p>Provocations from North Korea used to be met with USD and JPY buying. But such stirring of the
A forecast for Bitcoin to hit $500K after April's halving, then $5mn by 2032
<p>There are a bazillion crypto/BTC forecasts about, 99.9% for much higher, of course (it's a bit of a wild unregulated market).</p><p>Near term forecasts focus on the upcoming 'halving':</p><ul><li>Halving happens every four years for bitcoin its when crypto miners' reward is cut in half to c
ROSEN, A TRUSTED AND LEADING LAW FIRM, Encourages Evolution AB (publ) Investors to Secure Counsel Before Important Deadline in Securities Class Action – EVVTY
<p>NEW YORK, Feb.</p> <p>The post <a href="https://forextv.com/top-news/rosen-a-trusted-and-leading-law-firm-encourages-evolution-ab-publ-investors-to-secure-counsel-before-important-deadline-in-securities-class-action-evvty/">ROSEN, A TRUSTED AND LEADING LAW FIRM, Encourages Evolution AB (publ) Investors to Secure