đ Weâre kicking off a new trading week!
đ Asian markets continue last weekâs declines đť despite better-than-expected Caixin Services PMI data đ. However, combined with the industrial report, Decemberâs overall economic outlook worsens (Composite reading)Â đ.
đ Even Saturdayâs PBoC announcements didnât lift sentiment. New plans to stimulate the economyâââincluding more support for tech innovation đĄ and stock market liquidity đ°âââwerenât enough.
đ¨đŚ The Canadian dollar is strengthening today âŹď¸ after Reuters reported PM Trudeau will resign on Wednesday/Thursday.
đŞđş European futures signal a slightly higher open âŹď¸. Eurostoxx 50 contracts are up 0.25%.
đŻđľ USD/JPY edged above 157.80 âŹď¸. Today was Japanâs 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 đť.
đĽâ˝ Natural gas surged over 8% today, boosted by forecasts of significant cooling in the eastern US âď¸.
đ°đ Bitcoin bounced back over the weekend and is near the $100,000 mark again!
đ Investors are eyeing services PMI data from major economies today. December inflation from Germany could be key. Weâll also get US durable goods orders during Wall Streetâs opening hours.
Stay informed and trade wisely with NordFX at https://nordfx.com/! đâ¨
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.