• Expects Japan to further progress towards 2% inflation in stable, sustainable manner
• Uncertainty surrounding economy, price outlook is high
• Must avoid returning to deflation or low inflation environment
• As Japan transitions towards sustained achievement of 2% inflation, BOJ will support the economy by keeping rates below the neutral level
• But as economic, price developments continue to improve, BOJ must raise rates accordingly
• Leaving accommodative policy for too long could lead to sharp increase in interest rates
• That in turn will be negative for long-lasting economic growth
• It would be desirable for BOJ to guide policy so that it does not reach zero lower bound again

Just some token remarks there by Ueda but he’s not giving anything away on the January decision this time. But his remarks last week here will definitely still be echoing into the new year. So, do keep that in mind when taking stock of the BOJ when markets get back on the saddle in January.

This article was written by Justin Low at www.forexlive.com.

In other China news:

• China has passed a law introducing a value added tax. Will take effect on January 1 2026 according to Xinhua …. another year away
• Chinese People’s Political Consultative Conference (CPPCC) on March 4
• China’s National People’s Congress will be held March 5, 2025

This article was written by Eamonn Sheridan at www.forexlive.com.

PU Prime, a leading global fintech company in trading and
investment services, is excited to announce a new Christmas promotion, bringing
holiday cheer to traders with an exclusive opportunity to win seasonal
rewards.

This special event offers traders exciting ways to win
holiday rewards, including Deposit Vouchers, Trade Loss Vouchers, Credit Bonus
Vouchers, and more. Not only that, but PU Prime also prepared a $3,000 cash
prize pool and a $2,500 Amazon gift card prize pool waiting to be won. Running
from 1 – 31 December 2024, this limited-time promotion provides participants
with multiple chances to spin a festive wheel, earn points, and climb the
leaderboard for grand prizes.

Holiday Rewards

PU Prime’s Christmas Promotion offers a range of rewards
designed to boost users‘ trading experience and add festive cheer. Here is what
they could win:

Deposit Vouchers – Adding to their trading balance
and explore new market opportunities.

Trade Loss Vouchers – Reducing risk by offsetting
potential trade losses with these valuable vouchers.

Credit Bonus Vouchers – Getting additional credit to
increase their trading flexibility and opportunities.

Holiday Prizes – Securing a spot among the top 50 on
the leaderboard for a chance at a cash prize pool and free Amazon gift cards.

How to Participate in PU Prime’s Christmas Promotion

1. To Start Trading: To unlock the festive
spin-the-wheel game, users can make a deposit and start trading.

2. To Earn Points: Completing daily and weekly tasks
through the PU Prime App to earn points and gain more spins, with each spin
unlocking a chance to win special rewards.

3. To Compete on the Leaderboard: Accumulating points
to climb the leaderboard. The top 50 traders will secure their share of the
$3,000 cash pool and $2,500 in Amazon gift cards.

Users can join PU Prime’s Christmas Promotion from 1 – 31
December 2024.

About PU Prime

Founded in 2015, PU Prime (http://www.puprime.com/) is a
leading global fintech company providing innovative online trading solutions.
Today, they offer regulated financial products across various asset classes,
including forex, commodities, indices, and cryptocurrencies. Committed to
providing advanced technology and educational resources, PU Prime supports
traders and investors at every stage, from beginner to professional. With a
presence in over 120 countries and exceeding 40 million app downloads, PU Prime
is dedicated to enabling financial success and fostering a global community of
empowered traders.

This article was written by FL Contributors at www.forexlive.com.

The shortened US equity market session on Christmas Eve is often a formality but Santa Claus delivered this year. The 0.7% rally yesterday in the S&P 500 was followed with 0.8% today and the post-Fed rout has now been largely erased.

• S&P 500 +1.1%
• Nasdaq Comp +1.4% (led by +6% for TSLA)
• Russell 2000 +0.8%
• DJIA +0.9%
• Toronto TSX Comp +0.3%

US and Canadian markets are both completely closed on Christmas. The US market will re-open on Boxing Day while Canadian markets remain closed until December 27.

The ‚Santa Claus rally‘ period is traditionally after Christmas and before new years, so we have that to look forward to.

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

The Atlanta Fed GDPNow growth estimate for Q4 growth comes in unchanged at 3.1%.

In their own words:

The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2024 is 3.1 percent on December 24, unchanged from December 20 after rounding. After both the advance durable manufacturing report and the new home sales release from the US Census Bureau, the nowcast of fourth-quarter real gross private domestic investment growth increased from 1.2 percent to 1.3 percent.

The next GDPNow update is Thursday, January 2. Please see the „Release Dates“ tab below for a list of upcoming release

This article was written by Greg Michalowski at www.forexlive.com.