Previous Trading Days Events 09 Jan 2024

A post sent from the Securities and Exchange Commission SEC account on the social platform XTwitter announced the approval of a longawaited Bitcoin exchangetraded fund causing a shock in the market and a jump in Bitcoins price reaching near to 48K USD. Price soon reversed as it was officially announced later that the post was unauthorised, and that the agencys account had been compromised.

Source httpswww.theguardian.comtechnology2024jan09sectwitteraccounthackedbitcoinetfnotapproved

Winners vs Losers

The USD has gained some strength causing the pairs USD as base to move to the top of the winners list for the week. USDCHF leads for the week and USDJPY continues to lead for the month with near 3 gains.

News Reports Monitor Previous Trading Day 09 Jan 2024

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Midnight Night Session Asian

Inflation in Tokyo keeps slowing as per the report at 130, taking pressure off BOJ as the numbers get lower and lower for the second straight month in December. No major shock was recorded at the time of the release.

An upbeat of Aussie Retail Sales showed the report at 230. Retail sales increased by 2 instead of the expected 1.20 indicating improved risk appetite. No major impact on the market was recorded upon release.

MorningDay Session European and N. American Session

The monthly figure for the unemployment rate in Europe surprisingly fell to 6.4 in November from 6.5. No major impact was…