Morning Update (06.01.2025). šŸ“ˆ Weā€™re kicking off a new tradingā€¦ | by NordFX | Coinmonks | Jan, 2025


Coinmonks

šŸ“ˆ Weā€™re kicking off a new trading week!

šŸŒ Asian markets continue last weekā€™s declines šŸ”» despite better-than-expected Caixin Services PMI data šŸ‘. However, combined with the industrial report, Decemberā€™s overall economic outlook worsens (Composite reading) šŸ˜•.

šŸ˜ž Even Saturdayā€™s PBoC announcements didnā€™t lift sentiment. New plans to stimulate the economy ā€” including more support for tech innovation šŸ’” and stock market liquidity šŸ’° ā€” werenā€™t enough.

šŸ‡ØšŸ‡¦ The Canadian dollar is strengthening today ā¬†ļø after Reuters reported PM Trudeau will resign on Wednesday/Thursday.

šŸ‡ŖšŸ‡ŗ European futures signal a slightly higher open ā¬†ļø. Eurostoxx 50 contracts are up 0.25%.

šŸ‡ÆšŸ‡µ USD/JPY edged above 157.80 ā¬†ļø. Today was Japanā€™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 šŸ”».

šŸ”„ā›½ Natural gas surged over 8% today, boosted by forecasts of significant cooling in the eastern US ā„ļø.

šŸ’°šŸš€ Bitcoin bounced back over the weekend and is near the $100,000 mark again!

šŸŒ Investors are eyeing services PMI data from major economies today. December inflation from Germany could be key. Weā€™ll also get US durable goods orders during Wall Streetā€™s opening hours.

Stay informed and trade wisely with NordFX at https://nordfx.com/! šŸ“ŠāœØ

  • 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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