Markets are still expecting/hoping for a cut in interest rates in March, though with the CBE Fedwatch tool showing a 65% probability this is still very uncertain.

Less than two months after the European Central Bank (ECB) failed to convince markets that it may raise interest rates again this year, the US Federal Reserve finds itself in the same boat.

Traders should be wary; the main actors in this conflict's long and bloody history are not known for their restraint, and all wars are unpredictable by their nature.

Following the successful rebranding of legacy sites in South Africa, India and Australia, Forex-Malaysia becomes the latest regional site to come under the wider FxScouts umbrella.

But with a US recession now looking likely and the EUR/USD heading deep into oversold territory, the outlook for 2024 is much less clear.