Share: The greenback appears to have taken a break following the strong start of the new trading year on Thursday. In the upcoming Asian trading hours, investors are expected to remain vigilant on the final Services PMI in Japan as well as the … [Continue reading]
United States EIA Crude Oil Stocks Change came in at -5.503M, below expectations (-3.725M) in December 29
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
ADP Employment Report Preview: Steady job gains in December could add to soft-landing narrative
Share: The ADP survey is expected to show the US private sector added 115K new positions in December. The data is relevant ahead of the Nonfarm Payrolls report to be out on Friday. Recent Private Payrolls align with the Federal Reserve’s view … [Continue reading]
Australian Dollar hovers around a major level ahead of US employment data
Share: Australian Dollar faced challenges on risk-off mood and bearish commodity prices. Australian Services and Composite PMI reduced to 47.1 and 46.9, respectively, in December. China Services PMI rose to 52.9 in December, exceeding the 51.6 … [Continue reading]
GBP/USD lacks any firm intraday direction, consolidates in a range above mid-1.2600s
Share: GBP/USD struggles to gain any meaningful traction amid a mixed fundamental cue. An uptick in the US bond yields underpins the USD and cap the upside for the pair. Traders also seem reluctant and keenly await the release of the US NFP on … [Continue reading]
Australia Judo Bank Composite PMI: 46.9 (December) vs previous 47.4
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
Canadian Dollar extends decline against Greenback on US PMI beats
Share: Canadian Dollar slips further on Wednesday as US Dollar bids firm up. Canada economic data on hold until Friday, to be overshadowed by US NFP. US ISM PMI beat expectations but still on the contractionary side. The Canadian Dollar (CAD) is … [Continue reading]
USD/CAD climbs to near 1.3350 amid firm US Dollar ahead of FOMC minutes
Share: USD/CAD advances to near 1.3350 as investors’ risk-appetite fades. The FOMC minutes will provide outlook on inflation and interest rates. Canadian jobless rate is seen higher at 5.9% vs. 5.8% in November. The USD/CAD pair jumps to near the … [Continue reading]
Switzerland SVME – Purchasing Managers’ Index climbed from previous 42.1 to 43 in December
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
Bitcoin price trades above $45,000 even as spot BTC ETF applicants cut it close with the SEC
Share: Bitcoin price rallied by more than 6% over the weekend to hit a 21-month high, breaching the crucial resistance of $45,000. Bloomberg ETF analyst James Seyffart states that the January 9-10 approval window remains intact. Most of the … [Continue reading]