<p style=““ class=“text-align-justify“>Knock, knock. Is anyone still there at the BOJ office? 10-year JGB yields are rising up to 0.52% and pushing the boundaries of the upper limit set out via last month’s policy tweak i.e. 0.50% currently. Be reminded that the central bank bought roughly ¥5 trillion of bonds on Friday – its largest daily operation on record – and also stepped in with another ¥1.3 trillion worth of purchases today.</p><p style=““ class=“text-align-justify“>Is the market pressure enough to force another adjustment by the BOJ? That will certainly be one to watch this week. I shared some thoughts earlier <a target=“_blank“ href=“https://www.forexlive.com/news/the-risks-are-skewed-towards-disappointment-for-yen-bulls-this-week-20230116/“ target=“_blank“ rel=“follow“>here</a>.</p>

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

<p class=“MsoNormal“>The market keeps on maintaining a positive mood as the recent economic
data were interpreted as good news given the strength in labour market and the easing
in price pressures. </p><p class=“MsoNormal“><a target=“_blank“ href=“https://www.forexlive.com/centralbank/powell-we-need-to-stick-to-our-mandate-20230110/“ target=“_blank“ rel=“nofollow“>Fed
Chair Powell</a> didn’t touch on monetary policy or recent set of
data, removing a risk for the market and giving it more confidence to keep
rallying. </p><p class=“MsoNormal“>We are at a crossroads. </p><p class=“MsoNormal“>On one hand, there’s the risk that the market
is underestimating the Fed’s resolve and the impact that it will have on
the economy. </p><p class=“MsoNormal“>On the other hand, the market is trading on the beliefs that the
recession will be mild, and the Fed will achieve a soft landing. </p><p class=“MsoNormal“>Given
the uncertainty, the technical here can be a guide.</p><p class=“MsoNormal“>S&P500 Technical
Analysis</p><p>On
the daily chart above, we can see that the price is now testing the major
downward <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-trendlines-20220406/“ target=“_blank“ rel=“nofollow“>trendline</a> that defined the 2022 bear market. </p><p>The price was stuck in a range during the
Christmas holidays, but the NFP and ISM Services PMI gave the market the boost
needed to break out of the range and rallying towards the trendline. </p><p>The
bulls need a clear upside breakout to target the major <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-support-and-resistance-20220405/“>resistances</a> at 4175 and 4324. </p><p>Another fakeout and a fall below the 3900
level, will give the bears the confidence to target the October 2022 low at
3506.</p><p class=“MsoNormal“>Looking at the 1-hour chart, we can see the recent
catalysts that pushed the market to the upside. </p><p class=“MsoNormal“>The beat in <a target=“_blank“ href=“https://www.forexlive.com/news/us-december-non-farm-payrolls-223k-vs-200k-expected-20230106/“ target=“_blank“ rel=“nofollow“>NFP</a> and the
miss in <a target=“_blank“ href=“https://www.forexlive.com/news/us-december-non-farm-payrolls-223k-vs-200k-expected-20230106/“ target=“_blank“ rel=“nofollow“>AHE</a> and <a target=“_blank“ href=“https://www.forexlive.com/news/ism-december-us-services-496-vs-550-expected-20230106/“ target=“_blank“ rel=“nofollow“>ISM
Services PMI</a>, ignited a strong move to the upside. </p><p class=“MsoNormal“>Once the
market breached the resistance zone at 3920-3940, it pulled back waiting for
Fed Chair Powell. </p><p class=“MsoNormal“>As that risk was removed, the market started rallying again
targeting the blue trendline. </p><p class=“MsoCaption“>Zooming
in to the 15 minutes chart, we can see the hard time that the bulls are
having breaking to the upside. </p><p class=“MsoCaption“>The price may even consolidate here waiting
for another catalyst. </p><p class=“MsoCaption“>The levels are defined though: </p><ul><li>If
the price stays above the 4022 level the bulls are in control.</li><li>If
the price falls back into the range, it would be in no man’s land.</li><li>If the price falls below
3962 level, the bears will regain control.</li></ul>

This article was written by ForexLive at www.forexlive.com.

<p style=““ class=“text-align-justify“>This, according to the latest survey by the World Economic Forum (WEF) as they set out the backdrop ahead of their annual meeting in Davos. Some 18% of respondents also considered that a recession would be „extremely likely“ – more than twice as many as compared to the previous survey conducted in September last year.</p><p style=““ class=“text-align-justify“>Some other findings from the survey:</p><ul><li style=““ class=“text-align-justify“>9/10 respondents expect both weak demand and high borrowing costs to weigh on firms</li><li style=““ class=“text-align-justify“>This should lead to cost-cutting and reduction of operational expenses via layoffs</li><li style=““ class=“text-align-justify“>Supply chain disruptions not expected to cause a significant drag this year</li><li style=““ class=“text-align-justify“>Cost-of-living crisis may be nearing its peak, with 68% of respondents expecting it to become less severe by the end of 2023</li></ul>

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

<p class=“MsoNormal“>The bitcoin price has surpassed $21K,
adding around 23% over the week. Ethereum jumped 20% to $1570. Other leading
altcoins in the top 10 gained between 9% (BNB) and 50% (Solana). Solana has
re-entered the top 10, pushing Polygon aside.</p><p class=“MsoNormal“>The total capitalisation of the crypto
market, according to CoinMarketCap, rose 18.4% over the week, once again
approaching $1 trillion. </p><p class=“MsoNormal“>It’s easy to see that Bitcoin was
outperforming this time, which can easily be attributed to the positivity of
the stock market last week. </p><p class=“MsoNormal“>The first cryptocurrency also responded
very well to technical signals. Since securing above the 50-day average on
January 4, bitcoin has been closing all days with gains. A consolidation above
the previous local high and a break of the downtrend resistance caused an
acceleration in growth. BTCUSD closed above the 200-day average on Friday, contributing
to the weekend’s positive momentum.</p><p class=“MsoNormal“>Trading near the $21K level brought quotes
back to the area before the FTX crash, and this is a new test of the local
highs. Traders might want to be prepared that the market will need a short-term
correction towards $19.5K before we see another momentum, as locally, Bitcoin
looks overheated.</p><p>News background</p><p class=“MsoNormal“>The US Securities and Exchange Commission
(SEC) has charged cryptocurrency exchange Gemini and crypto lending service
Genesis with selling unregistered securities.</p><p class=“MsoNormal“>Crypto lending platform Nexo recorded a
significant outflow of customer funds amid reports of searches at its Bulgarian
office as part of an investigation into potential AML policy violations.
Authorities have accused the crypto bank of money laundering, tax
irregularities, fraud and providing banking services without a licence.</p><p class=“MsoNormal“>The Republican Party, which won a majority
in the lower house of the US Congress late last year, has begun forming a
subcommittee to regulate cryptocurrencies.</p><p class=“MsoNormal“>The new CEO of cryptocurrency hardware
vendor Trezor, Matej Zak, said the financial independence that bitcoin brings
is far more important than its market value. He said there will be a
consolidation of the crypto market in 2023 and then a bullish trend, which
Trezor plans to prepare for.</p><p>This article was written by <a target=“_blank“ href=“https://www.fxpro.com/“ rel=“follow“ target=“_blank“ class=“article-link“>FxPro</a>’s Senior Market Analyst Alex
Kuptsikevich.</p>

This article was written by FxPro FXPro at www.forexlive.com.

<p>1. Investing in Equities: Investing in equities, often known as stocks, is a popular method for investors to participate in a company’s development. When an investor buys a stock, they are purchasing a tiny portion of the company’s ownership. The stock’s value will change dependent on the company’s success as well as market circumstances. Investors may use elements such as a company’s financials, management, and industry trends to analyze a stock. There are also several stocks investment techniques, such as value investing and growth investing. Here is an awesome podcast with Pat Burton about equity investing with a focus on growth equities:</p><p>2. Investing in Futures or Options means investing financial derivatives that enable investors to bet on the future price of an underlying asset, such as a commodity or currency. Futures contracts are agreements to purchase or sell an asset at a fixed price at a future date, while options offer the holder the right, but not the responsibility, to buy or sell an asset at that time. Investing in futures and options may be complicated and risky, but it also offers the potential for large rewards.</p><p>Here is a great video for people starting with options investing:</p><p>3. Investing in Foreign Exchange (Forex): The foreign exchange market, often known as the Forex market, is the world’s biggest financial market. It is a decentralized market that trades currencies from all over the globe. Investing in forex involves purchasing and selling currency pairs in order to benefit from changes in exchange rates. Forex trading, like any other market, includes risk, and investors should have a strong grasp of the market and the currencies they are trading before joining it.</p><p>Many people have only head of currency investing but have never done it so here is a nice intro video ‚Forex Explained‘:</p><p>4. Bonds and Fixed Income Investing: Bonds are a sort of set income investment in which the bondholder receives a fixed rate of interest. When an investor purchases a bond, they are basically lending money to the bond’s issuer, which might be a firm or the government. In exchange, the issuer commits to pay the bondholder interest and repay the principal amount when the bond matures. Bond investing may be an excellent strategy to produce income and diversify a portfolio, but the returns on bonds are often lower than the returns on stocks.</p><p>This intro video on bond investing can get you started:</p><p>5. Portfolio investing is management is the act of generating and managing a diverse mix of assets that matches with an investor’s objectives, risk tolerance, and time horizon. A well-managed portfolio will try to balance risk and return, and will be reviewed and rebalanced on a regular basis as market conditions and the investor’s personal circumstances change. Setting investment goals, establishing the portfolio, executing the investment plan, monitoring and changing the portfolio, and assessing the outcomes are all part of the portfolio management process.</p><p>Here is what Warren Buffet has to say about that:</p><p>6. Realestate investing is the practice of acquiring and managing property with the purpose of creating income or capital appreciation. Real estate investments come in numerous forms, including rental properties, flipping, and REITs. Rent payments create money from rental properties, but flipping entails purchasing a property, making renovations, and reselling it for a profit. REITs, or Real Estate Investment Trusts, are corporations that own and manage a portfolio of real estate and distribute dividends to shareholders.</p><p>Here is a nice video guide for how to start with realestate investing:</p><p>7. Crowdfunding and Business Investment Platforms: These platforms connect investors with early-stage or small firms seeking capital. These platforms allow anyone to spend $100 or less for incentives or business stock. These platforms let people invest in private companies. However, crowdfunding and investment platforms include risk, so conduct your homework and due diligence before investing. Securities restrictions are also crucial.</p><p>Here’s a video that explains one way in which you can make money in this category:</p><p>8. Investing in Crypo – involves buying and keeping digital assets like Bitcoin, Ethereum, and Litecoin in hopes of a price increase. Blockchain-based cryptocurrencies employ cryptography to safeguard and verify transactions. Cryptocurrency exchanges allow digital asset trading. Crypto investing involves buying and keeping digital assets like Bitcoin, Ethereum, and Litecoin in hopes of a price increase. Blockchain-based cryptocurrencies employ cryptography to safeguard and verify transactions. Cryptocurrency exchanges allow digital asset trading.</p><p>Here is a beginner’s video guide for how to start investing in crypto (at your own risk):</p><p>9. Investing in collectibles involves buying and storing artifacts of historical, aesthetic, or sentimental worth in hopes of their value rising. Artworks, coins, stamps, sports memorabilia, vintage automobiles, antiques, and other unique artifacts are examples. Due to their independence from stocks and bonds, collectibles might be an alternative investment. Rarity, quality, age, and provenance define collectable value. Collectibles are speculative and vulnerable to demand changes, making them risky investments. Before investing, research the goods and market.</p><p>Start with this 101 video for investing in collectibles:</p><p>10. Investing in NFT – NFTs (non-fungible tokens) are a new kind of digital investment that lets people purchase and trade unique digital assets including artwork, films, music, and collectibles. Blockchains verify NFT ownership and legitimacy. The digital asset’s uniqueness, perceived worth, and market demand define NFT value. NFTs are hazardous and require market and technological understanding, but they may yield big profits.</p><p>First, for the basics, here is how to buy and sell NFT:</p><p>11. Retirement planning is the process of establishing retirement goals and devising a strategy to attain them. Individuals may save for retirement in a variety of ways, including 401(k)s, IRAs, and Roth IRAs. It’s critical to begin saving for retirement as soon as possible since compounding interest may have a substantial influence on the amount of money available at retirement.One advantage of retirement planning is the possibility to profit from tax-deferred or tax-free growth. Furthermore, many employer-sponsored retirement plans provide employer contributions or matching contributions, which can assist to increase savings. Taxes can have an impact on your assets and tactics for reducing your tax obligation.12. Tax Planning is the practice of structuring one’s finances in order to reduce taxes. Tax planning aims to lawfully lower the amount of taxes owing by utilizing tax deductions and credits and delaying revenue to a later period. One advantage of tax preparation is the possibility to keep more of your money rather than sending it to the government. Furthermore, tax preparation can help you stay in compliance with tax regulations and avoid hefty fines.</p><p>Now do keep in mind these interesting investing principles from Warren Buffet for investing in 2023</p><p>What do you think is going to be your interesting investment type for 2023? Or what is your take in investing? Any tups? Comment below!</p>

This article was written by Itai Levitan at www.forexlive.com.

<p>Bitcoin began to spring to life on Thursday and has gone straight-vertical since as risk assets globally spike. The high was $21,292 where it ran into some sellers just ahead of the November high. Last was $20,812, up $1001 on the day.</p><p>I take this as not-only a good sign for crypto but for risk assets in general. That said, there are warning signs here as well with seven straight days of gains and meme stocks running. It seems that whenever the Fed cracks the door open an inch, a flood of money comes back in. Perhaps that’s a sign that the bulls are still in control but it’s also the kind of thing that will make the Fed want to push back higher.</p><p>For the next few days my big worry is that the Bank of Japan pulls out the rug on the largest experimental money policy in history. </p>

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

<ul><li><a target=“_blank“ href=“https://www.forexlive.com/news/impressive-day-for-equities-as-a-late-bid-arrives-20230113/“>Impressive day for equities as a late bid arrives</a></li><li><a target=“_blank“ href=“https://www.forexlive.com/news/key-earnings-releases-scheduled-for-next-week-20230113/“>Key earnings releases scheduled for next week (and going forward)</a></li><li><a target=“_blank“ href=“https://www.forexlive.com/Cryptocurrency/bitcoin-moves-closer-to-200-day-ma-at-1951082-20230113/“>Bitcoin moves closer to 200 day MA at $19510.82.</a></li><li><a target=“_blank“ href=“https://www.forexlive.com/technical-analysis/gold-is-set-for-the-highest-weekly-close-since-april-whats-next-20230113/“>Gold is set for the highest weekly close since April, what’s next</a></li><li><a target=“_blank“ href=“https://www.forexlive.com/technical-analysis/wti-crude-oil-settles-at-7986-20230113/“>WTI crude oil settles at $79.86</a></li><li><a target=“_blank“ href=“https://www.forexlive.com/news/how-us-cpi-could-fall-more-quickly-than-anticipated-20230113/“>How US CPI could fall more quickly than anticipated</a></li><li><a target=“_blank“ href=“https://www.forexlive.com/news/baker-hughes-oil-rigs-up-5-in-the-current-week-20230113/“>Baker Hughes Oil rigs up 5 in the current week</a></li><li><a target=“_blank“ href=“https://www.forexlive.com/news/deutsche-bank-revises-german-2023-gdp-forecast-to-0-from-10-20230113/“>Deutsche Bank revises German 2023 GDP forecast to 0% from -1.0%</a></li><li><a target=“_blank“ href=“https://www.forexlive.com/technical-analysis/what-could-be-a-problem-technically-for-the-sp-20230113/“>What could be a problem technically for the S&P?</a></li><li><a target=“_blank“ href=“https://www.forexlive.com/news/european-equity-close-another-day-of-gains-why-not-20230113/“>European equity close: Another day of gains, why not?</a></li><li><a target=“_blank“ href=“https://www.forexlive.com/centralbank/the-yen-is-screaming-about-the-risks-around-the-bank-of-japan-20230113/“>The yen is screaming about the risks around the Bank of Japan</a></li><li><a target=“_blank“ href=“https://www.forexlive.com/news/us-30-year-fixed-mortgage-rate-could-break-6-20230113/“>US 30-year fixed mortgage rate could break 6%</a></li><li><a target=“_blank“ href=“https://www.forexlive.com/news/umich-jan-us-prelim-consumer-sentiment-646-vs-605-expected-20230113/“>UMich Jan US prelim consumer sentiment 64.6 vs 60.5 expected</a></li><li><a target=“_blank“ href=“https://www.forexlive.com/technical-analysis/it-is-friday-the-13th-the-morning-forex-technical-report-will-help-guide-you-through-20230113/“>It is Friday the 13th. The morning forex technical report will help guide you through…</a></li><li><a target=“_blank“ href=“https://www.forexlive.com/news/us-december-import-price-index-04-mm-vs-09-expected-20230113/“>US December import price index +0.4% m/m vs -0.9% expected</a></li><li><a target=“_blank“ href=“https://www.forexlive.com/technical-analysis/th-jpy-is-the-strongest-and-the-nzd-is-the-weakest-as-the-na-session-begins-20230113/“>Th JPY is the strongest and the NZD is the weakest as the NA session begins</a></li><li><a target=“_blank“ href=“https://www.forexlive.com/news/jamie-dimon-has-no-idea-whats-coming-for-the-us-economy-20230113/“>Jamie Dimon has no idea what’s coming for the US economy</a></li><li><a target=“_blank“ href=“https://www.forexlive.com/news/forexlive-european-fx-news-wrap-dollar-regains-some-composure-as-risk-slips-20230113/“>ForexLive European FX news wrap: Dollar regains some composure as risk slips</a></li></ul><p>The ghost of 2022 is behind us in the stock market as the major indices closed higher for the 2nd consecutive week to start the new year. The gains have been led by the Nasdaq which rose by an oversized 4.82% this week (largest 1 week gain since November 7 week), after rising by near 1% last week. </p><p>The Nasdaq closed above its 100 day MA at 11057.78 with a close for the day and week at 11079.17. That is the first close above that MA going back to September 12, 2022.</p><p>The S&P index closed the week up 2.67% and like the Nasdaq, is closing above a key daily MA level. For it, the S&P is closing above its 200 day MA for the 1st time since December 1. </p><p>Risk on was the name of the game with Cathy Woods ARK Innovation rising by 14.73% for the week, which was the largest weekly gain for it since June 21, 2022 week, and the 4th largest weekly gain going back to April 2020.. </p><p>CPI fears were eased a bit this week, when the CPI data for the month of December showed a MoM decline of -0.1% for the headline number on Thursday. The last 6 months MoM numbers cumulate to 0.9% over that time period, which if anualized comes to 1.8% YoY – below the 2% target for the Fed. The service inflation is still higher, however, which is likely to keep the Fed on the tighten path until it start to slow as well. </p><p>Nevertheless, there even more good things to come for the CPI going forward as some fairly lofty levels from the 1H of 2022, will start to fall out of the YoY calculations. </p><p>Moreover, Tesla today announced they were slashing the cost of the Model 3 by $3K and the Model Y by a whooping $13k (see <a target=“_blank“ href=“https://www.forexlive.com/news/how-us-cpi-could-fall-more-quickly-than-anticipated-20230113/“ target=“_blank“ rel=“follow“>Adam’s post</a> on what is ahead for YoY inflation numbers). </p><p>The Michigan consumer survey (preliminary) saw 1 year inflation expectations fall to 4.0% since same level in June 2021. The Goldilocks number also showed above consensus numbers for the current conditions and expectations (<a target=“_blank“ href=“https://www.forexlive.com/news/umich-jan-us-prelim-consumer-sentiment-646-vs-605-expected-20230113/“ target=“_blank“ rel=“follow“>see post here</a>).</p><p>The price of housing is also expected to come off going forward which will put a tailwind to the downside. </p><p>The problem with inflation remains the service sector where that measure of inflation rose by 0.6% in the CPI data this week (compared to the -0.1% decline). </p><p>Looking at the forex market today, the JPY remained well bid as trader gear up for the BOJ meeting on Wednesday. The CAD, NZD and EUR fought it out for the weakest of the major currencies today. </p><p>The USD fell vs all the major currencies this week led by a 3.21% move vs the JPY (JPY was higher by that amount). Looking at the changes for the week vs the greenback</p><ul><li>EUR +1.80%</li><li>GBP. +1.21%</li><li>JPY +3.21%</li><li>CHF +0.61%</li><li>CAD +0.37%</li><li>AUD +1.52%</li><li>NZD +0.66%</li></ul><p>In the US debt market this week:</p><ul><li>2 year yield fell -3.2 bps to 4.224%</li><li>5 year yield fell -10.2 bps to 3.599%</li><li>10 year yield fell -6.2 bps to 3.498%</li><li>30 year yield fell -7.8 bps to 3.61%</li></ul><p>In commodities, gold, silver and oil is ending the week higher. Natural gas is lower:</p><ul><li>Gold is closing near the high for the week. It rose $54.70 or 2.93% at $1919.50. That is the highest close since April 11, 2022 week. </li><li>SIlver is up $0.46 or 1.947% at $24.25. That is also the highest close since April 11, 2022 week. </li><li>Crude oil is trading back above the $80 in post settlement trading (at $80.02). The gain for the week is $6.27 or 8.47%</li><li>Natural gas is trading down -$0.33 or -9.15% at $3.32.</li></ul>

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

<p>The New York Stock Exchange is closed on Monday for the MLK holiday. The CME and CBOT are also closed and SIFMA recommends a holiday in the bond market.</p><p>CME Globex trading will continue as normal — so futures are open — but will close early at 1 pm ET (1800 GMT) and then reopen at 6 pm ET (2300 GMT).</p><p>The FX market is open as always but liquidity will be thinned, particularly after Europe heads out.</p>

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

<p>Some of the key earnings releases scheduled for next week:</p><p>Tuesday January 17</p><ul><li>Morgan Stanley</li><li>Goldman Sachs</li><li>Interactive Brokers</li><li>Unites Airlines</li></ul><p>Wednesday, January 18</p><ul><li>Charles Schwab</li><li>PNC Financial</li><li>Kinder Morgan</li><li>Discover</li><li>JB Hunt</li><li>Alcoa</li></ul><p>Thursday, January 19</p><ul><li>Proctor and Gamble</li><li>Netflix</li><li>PPG Industries</li><li>American Airlines</li><li>Comerica</li><li>Kimberly Clark</li></ul><p>Friday, January 20</p><ul><li>Schlumberger</li></ul><p>Other key earnings ahead:</p><p>Tuesday, January 24</p><ul><li>Microsoft</li><li>J&J</li><li>Verizon</li><li>Raytheon</li><li>Lockheed Martin</li><li>General Electric</li><li>3M</li><li>Travelers</li></ul><p>Wednesday, January 25</p><ul><li>Tesla</li><li>AT&T</li><li>IBM</li><li>Boeing</li><li>ServiceNow</li><li>General Dynamics</li><li>Hess</li></ul><p>Thursday, January 26</p><ul><li>McDonald’s</li><li>Comcast</li><li>Intel</li><li>Intuitive Surgical</li><li>Freeport McMoran</li><li>Dow</li><li>Southwest airlines</li><li>US Steel</li></ul><p>Tuesday, January 31</p><ul><li>Alphabet</li><li>Exxon Mobil</li><li>Pfizer</li><li>Caterpillar</li><li>AMD</li><li>Stryker</li><li>General Motors</li></ul><p>Wednesday, February 1</p><ul><li>Meta-Platforms</li><li>Alibaba</li><li>PayPal holdings</li><li>Boston Scientific</li></ul><p>Thursday, February 2</p><ul><li>Apple</li><li>Amazon</li><li>Visa</li><li>MasterCard</li><li>Merck and Company</li><li>Bristol-Myers Squibb</li><li>ConocoPhillips</li><li>Honeywell</li><li>Amgen</li><li>Qualcomm</li><li>Starbucks</li><li>Ford Motor</li><li>Motorola</li></ul>

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

<p>S&P 500 futures fell by as many as 40 points in the premarket but the bulls steadied the ship and have slowly turned it around. The index is now up 15 points to a session high of 4018.</p><p>There’s a year-long downtrend in the index that could soon be threatened.</p>

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