The Traderszone Network

Barclays analysis of EUR/USD for the opening week of the year
(Bolding is mine)
– FX market liquidity dropped materially into year-end, with average daily EURUSD volumes about 1/3 of their 2015 average according to our VolT data.
And, their ‘trade of the week’:

The Obama administration has begun detaining Central Americans who have evaded deportation orders, including women and children, according to immigration attorneys and advocates.
read more

The Federal Reserve’s interest rate hike last month was a prudent first step to a more normal policy era and it signaled the central bank’s confidence that the U.S. economy will continue to improve, a top Fed official said on Sunday. “I fully supported the … December action,” said Cleveland Fed President Loretta Mester, a somewhat hawkish policymaker who regains a vote on U.S. monetary policy this year.

As reported previously, in addition to celebrating the new year, starting January 1, Texans also celebrated a new open-carry gun law which took effect in the new year. Handgun license holders in Texas will now be allowed to carry their guns in visible holsters on their hip or shoulder.

Previously, Texans wanting to carry a handgun had to obtain a concealed handgun license and conceal their weapon. With the new law, the more than 826,000 state license holders will be allowed to openly display their handguns in most public places.

read more

Investors who poured billions into China’s homegrown technology companies scored big during 2015.

read more

An earthquake measuring 6.8 struck northwest of Imphal in India, near the Myanmar border, on Monday, the U.S. Geological Survey said
(Reuters reports )
More:

Saudi Arabia expels Iranian diplomats
Yes, Middle East tension increasing, oil and gold both up a little in early trade.
– Brent and WTI crude both up around a dollar

ps. Its still early in Asia, just past 8am in Toyo and an hour earlier in HK and Singapore.