📈 We’re kicking off a new trading week!
🌏 Asian markets continue last week’s declines 🔻 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 ⬆️ after Reuters reported PM Trudeau will resign on Wednesday/Thursday.
🇪🇺 European futures signal a slightly higher open ⬆️. Eurostoxx 50 contracts are up 0.25%.
🇯🇵 USD/JPY edged above 157.80 ⬆️. 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 🔻.
🔥⛽ 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/! 📊✨
Morning Update (06.01.2025) was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.