Japan's December exports rose 2.8% year-on-year, according to the Ministry of Finance (MOF), exceeding the poll forecast of +2.3%.prior was 3.8%Japan's December imports increased 1.8% year-on-year, below the poll estimate of +2.6%prior was -3.8%Japan recorded a...
South Korea Q4 economy suffered from weak consumer & business spending, political turmoil
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Saudi Arabia Aims to Boost U.S. Investments by $600 Billion
Saudi Crown Prince Discusses Trade Expansion with President TrumpSaudi Arabia Aims to Boost U.S. Investments by $600 BillionCrown Prince Sees Trump-Era Reforms Driving Economic GrowthSaudi Crown Prince Mohammed bin Salman spoke with U.S. President Donald Trump via...
South Korean Q4 2024 economic growth has come in weaker than expected
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U.S. Dollar Index (DXY) is a measure of the dollar vs. six major foreign currencies
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ICYMI – ECB’s Nagel says confident of hitting 2% inflation by mid-year
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TradeCompass for Bitcoin Futures (Valid for January 22 and 23, 2025)
This TradeCompass provides a comprehensive roadmap for Bitcoin Futures trading, covering both bullish and bearish setups for January 22 and January 23, 2025. Designed for traders seeking disciplined strategies and actionable insights, it includes critical price...
Has the US dollar topped, or is it just resting? Battle of the trend lines.
The steep up trend line for the USD appears to have been broken. The caveat, for me, is the approach to that horizontal one:I am sure readers of ForexLive can do better than me, let me know in the comments!FWIW I am suspecting that while the steep uptrend is over,...
China to boost long-term funds for equity markets
China has introduced several measures to stabilize its stock markets, including allowing pension funds to increase investments in domestic equities. Chinese state carried the report ICYMI.In summary:A directive from the central government, released by the China...
Forexlive Americas FX news wrap 22 Jan.. The USD rises with higher yields. Stocks higher.
it was a quieter day in the US after a couple of days of Trump fireworks. The economic calendar was light with leading indicators falling again after rising for the first time since February 2024. Prior to that rise the index hadn't had a positive number since March...
S&P cannot close at a new high. New intraday high reached.
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Economic calendar in Asia Thursday, January 23, 2025 – Japan trade data
A bit of a lower tier data day today. Japanese trade data for December 2024 is due but I suspect it won't move the JPY needle too much. The Bank of Japan begin their two-day meeting today. The statement is due tomorrow, Friday Japan time, and a rate hike is widely...
Trade ideas thread – Thursday, 23 January, insightful charts, technical analysis, ideas
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What economic releases and events will highlight trading in the new trading day
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The CME will launch Ripple and Solana futures
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Does the S&P index closed at a new record level?
The S&P index is trading at 6093.40 up 44.13 points or 0.73%. At current levels, it would be high enough for a new record close. The old record close is at 6090.27.Today the price did move above its intraday record level at 6099.97. The high price today was just...
Gary Cohn says Trump doesn’t believe that tariffs will cause higher prices
Gary CohnGary Cohn was a moderating influence in Trump's first term and was his chief economic advisor. He's no longer working with Trump but he can speak to the President's thinking around tariffs as they surely discussed them many times."I think he fundamentally...
Alcoa among companies reporting after the bell
Aluminum giant Alcoa is a good barometer for the industrial economy and global growth. The company will report today after the bell and I will highlight any comments about the health of the world economy.Overall, it's a quieter day of reporting than yesterday, which...
Crude oil settles at $75.44. Tests 200 day MA at session lows
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MUFG: USD/CAD rise to 1.50-1.60 range on broad 25% US tariffs
USDCAD dailyMUFG warns that a 25% tariff on all Canadian imports by the US could push USD/CAD into a 1.50-1.60 range. While markets remain optimistic that negotiations will dilute or avert the tariff threat, escalation risks loom as the 1st February deadline...