Weekend:
SPX index price prediction (my bullish and bearish orientation)Debt ceiling drama returns: Yellen warns of mid-January deadlineIt was a fairly subdued session with unofficial holidays thinning out interest and trading activity.
News and data flow was light. Japan's manufacturing PMI for December was confirmed to have remained in contraction, although the reading improved from November.
People's Bank of China Governor Pan Gongsheng indicated the Band has room to lower rates. As I noted at the time a contraint the Bank is facing is the weak yuan. Further reducing rates will be viewed by the Bank as raising the likelihood of further capital movement out of the country, which they'd prefer to avoid.
In news over the weekend China's central government has urged local governments to give cash hanbdouts ahead of New Year holidays in order to bolster demand in the economy.
USD/JPY update, tracking just below 158.00:
As I post BTC/USD remains under US$94K.
This article was written by Eamonn Sheridan at www.forexlive.com.Hence then, the article about forexlive asia pacific fx news wrap for monday 30 december 2024 holiday trade persists was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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