Monday will be a quiet one in the FX market but not completely dead 0 (0)

I was expecting something quieter last week but it was busy and volatile all week. Stats agencies tend to rush out December releases so they don’t have to release as much between Christmas and New Years.

For Monday, all major western markets are closed but the FX market is open as always.

The lone releases on the calendar are from Japan, which will release November unemployment data.

Merry Christmas.

This article was written by Adam Button at www.forexlive.com.

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Putin quietly signals that he’s open to a ceasefire – NYT 0 (0)

In a recent push of back-channel diplomacy, Russian President Vlad Putin has been sending a message: He is ready to make a deal for a Ukraine ceasefire. The New York Times made the report yesterday, saying that he’s been signaling through intermediaries since at least Sept that he is open to a cease-fire that freeze the fighting along the current lines.

They cite „two former senior Russian officials close to the Kremlin and American and international officials“ who have received the message.

The report also says that some American officials say it could be a Kremlin attempt at
misdirection and a Kremlin official said the reporting is incorrect. One timeline to be aware of is the March Russian election, as Putin may want a deal beforehand.

Whenever I see a report like this, I wonder who leaked it and why. The days of real ‚journalism‘ of long over and anything like this is planted by someone, for some reason. After reading this report, I wonder if a message is being sent to Kyiv.

This article was written by Adam Button at www.forexlive.com.

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Drone hits chemical tanker in the Indian ocean, Iran blamed 0 (0)

The global shipping market is certainly top of mind as we celebrate a holiday weekend. Yemen continues to threaten the Red Sea but now there are worries about a wider threat to shipping. Iran said it could shut down the Gibraltar Strait, which is something that most people doubt. At the same time, the latest attack defies belief.

„The motor vessel CHEM PLUTO, a Liberia-flagged, Japanese-owned, and Netherlands-operated chemical tanker was struck at approximately 10 a.m. local time (6 a.m. GMT) yesterday in the Indian Ocean, 200 nautical miles from the coast of India, by a one-way attack drone fired from Iran,“ a Pentagon spokesperson told Reuters.

Either Iran had some very bad intel, the Pentagon is playing games or Iran is playing an incredibly stupid game.

In any case, the stakes for global shipping and the oil market continue to rise. I’ll be interested to see how crude trades in the next few days.

This article was written by Adam Button at www.forexlive.com.

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Essay: Eine Supermacht enttäuscht und Europa erhält eine letzte Chance: Wo sich die Welt 2024 wirklich verändert 0 (0)

Die Menschheit steht vor politischen Umbrüchen und technologischen Disruptionen. Auf welche Entwicklungen wir im neuen Jahr besonders achten: Der Ausblick von Handelsblatt-Chefredakteur Sebastian Matthes in 18 Thesen.

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