Morning Update (06.01.2025). 📈 We’re kicking off a new trading
 | by NordFX | Coinmonks | Jan, 2025


Coinmonks

📈 We’re kicking off a new trading week!

🌏 Asian markets continue last week’s declines đŸ”» despite better-than-expected Caixin Services PMI data 👍. However, combined with the industrial report, December’s overall economic outlook worsens (Composite reading) 😕.

😞 Even Saturday’s PBoC announcements didn’t lift sentiment. New plans to stimulate the economy — including more support for tech innovation 💡 and stock market liquidity 💰 — weren’t enough.

🇹🇩 The Canadian dollar is strengthening today âŹ†ïž after Reuters reported PM Trudeau will resign on Wednesday/Thursday.

đŸ‡ȘđŸ‡ș European futures signal a slightly higher open âŹ†ïž. Eurostoxx 50 contracts are up 0.25%.

đŸ‡ŻđŸ‡” USD/JPY edged above 157.80 âŹ†ïž. Today was Japan’s first trading session of the year. BoJ Governor Ueda spoke but gave no clear hints on rate hikes. Nikkei lost 1.65% compared to the last 2024 session đŸ”».

đŸ”„â›œ Natural gas surged over 8% today, boosted by forecasts of significant cooling in the eastern US ❄.

💰🚀 Bitcoin bounced back over the weekend and is near the $100,000 mark again!

🌐 Investors are eyeing services PMI data from major economies today. December inflation from Germany could be key. We’ll also get US durable goods orders during Wall Street’s opening hours.

Stay informed and trade wisely with NordFX at https://nordfx.com/! 📊✹

  • Umair

    Muhammad Umair is a passionate content creator, web developer, and tech enthusiast. With years of experience in developing dynamic websites and curating engaging content, he specializes in delivering accurate, informative, and up-to-date articles across diverse topics. From gaming and technology to crypto and world news, Umair's expertise ensures a seamless blend of technical knowledge and captivating storytelling. When he's not writing or coding, he enjoys gaming and exploring the latest trends in the tech world.

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