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Tranquil Opening to a Data-Heavy Week: Major Data from US, UK, Japan Featured

The forex markets commenced the week on a relatively quiet note, despite generally positive risk sentiment. This was highlighted by Japan's Nikkei, which continued its impressive performance, breaking above 35k mark to reach new three-decade highs. The robust momentum could continue until the eagerly awaited BoJ meeting later in the month, where fresh economic forecasts are set to be revealed.
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Week Ahead – China GDP and UK December CPI Reports Eyed Amid Rate Cut Frenzy

The Chinese economy suffered several wobbles in 2023, as the property crisis went from bad to worse. Markets held their breath for a major stimulus announcement, but with one eye on deleveraging, authoritiesโ€™ response only went as far as offering targeted drip-feed measures, leaving investors flabbergasted and disappointed.
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