Author: FX

The US jobs report will be the main economic release next week, with other US data including the ISM indices and consumer sentiment. Elsewhere, the focus will be on inflation in Europe and China, whilst wage data is due in Japan, Deutsche Bank’s economists report. Europe and China inflation in focus”In the US, the key event will be the December jobs report due Friday. Our US economists expect nonfarm payrolls to rise by +50k (+64k in November), with the unemployment rate falling slightly to 4.5% (4.6%), and the hourly earnings growth rising to +0.3% MoM (+0.1%). The ADP and JOLTS…

GBP/USD dips below 1.3450 following final UK manufacturing PMI dataThe Pound has been rejected at 1.3475 on the early London trading session on Friday, and retreated to session lows at the 1.3450 area at the time of writing. The pair has turned negative on the daily chart following the downward revision of the UK’s December $&P Global Manufacturing PMI, but remains within the weekly range, above 1.3400. Read More…GBP/USD Price Forecast: Holds above nine-day EMA near 1.3450GBP/USD edges higher on the first day of the year, trading around 1.3470 during the Asian hours on Friday. The technical analysis of the daily…

Sector OverviewThe stock market witnessed a notable rally today, with the semiconductor sector leading the charge. Key players like Nvidia (NVDA) and Advanced Micro Devices (AMD) surged by 2.02% and 3.63% respectively, reflecting robust investor confidence in tech hardware advancements.🚀 Technology: Broad gains were observed with companies like Oracle (ORCL) and Palantir (PLTR) climbing up by 1.44% and 1.12%.📈 Consumer Cyclical: The sector stayed bullish with leaders such as Amazon (AMZN) and Tesla (TSLA) rising by 0.84% and 1.80% respectively.🏦 Financial: It was a mixed day in financials, with JPMorgan Chase (JPM) posting a modest gain of 0.14%, whereas Visa…

The Canadian manufacturing sector remains stuck in the mud as the final Canadian S&P Global survey of manufacturers was released. It’s another soft reading for the Canadian economy, and the details here are painting a stagflationary picture that the Bank of Canada isn’t going to like.Here are the details from the S&P Global Manufacturing PMI for December:48.6 vs 48.4 prior.Output Index: Declined at a quicker rateNew Orders with a ‘solid decline’Employment: 11th consecutive month of job shedding.Prices: Selling price inflation hit a six-month high.The report explicitly blames tariffs for driving up prices while simultaneously killing demand. Fortunately, the consumer side…

EUR/USD extends losses on Friday’s European session, trading near 1.1720 heading into the US trading session, down from highs past 1.1800 in late December. The disappointing manufacturing activity figures in the Eurozone and some of its main economies have increased bearish pressure on the Euro, in an otherwise calm New Year’s session.From a wider perspective, however, the pair remains at a relatively short distance from the three-month highs at 1.1808 seen right before Christmas. The US Dollar USD) depreciated about 14% against the Euro in 2025, weighed by market concerns about US President Donald Trump’s erratic trade policies, signs of…

Gold (XAU/USD) accelerated its recovery on a holiday-thinned session on Friday, with markets in Japan and China closed for the New Year festivities. The precious metal is 1.75% up on the day, reaching levels near $4,400, after bouncing from $4,274 earlier this week.A combination of market expectations of lower interest rates in the US and growing geopolitical frictions has underpinned support from precious metals over the last few sessions. Russia has announced the revision of its stance at the peace talks with Ukraine, after an alleged drone attack in one of President Vladimir Putin’s residences, while US President Trump has…

The US Dollar is trading practically flat against the Swiss Franc, right below the 0.7940 line, ahead of the US session opening on Friday, The pair has edged up from three-month lows at the 0.7860 area in late December, but it closed the 2025 year with a more than 12% decline.A combination of market concerns about Trump’s trading policies, with signs of lower economic growth and high inflation in the US economy, and the unprecedented attacks from US President Donald Trump on the Federal Reserve, has weighed heavily on the US Dollar over the last months.Fed easing hopes keep US…

As the year begins, major central banks are on completely different trajectories. The Fed is cutting while the BoJ is hiking, the ECB is on hold while the BoE continues cutting, and the RBA is thinking about tightening while the RBNZ has finished easing. Central banks around the world are moving in more different directions right now than they have at any point in the last decade! Where does this leave currency markets? This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact…

Markets won’t be back in full swing until next week but we’re getting a bit of a teaser of what the focus will be today already. US futures are running higher but it is once again commodities that are hogging the spotlight, in particular precious metals. After melting higher in December, we’re starting to get a taste of that again to start the new year with both gold and silver running up today.The former is up nearly 2% to $4,393 with the latter up over 4% to $74.38. The gains have largely been sustained in European morning trade, with buyers…

The FTSE 100’s brief rally above the 10,000 milestone is a powerful signal for UK markets, reflecting ongoing confidence in earnings resilience, attractive valuations and the growing appeal of UK equities to international investors at a time when policy headwinds are beginning to ease. While the index’s recent outperformance may become choppier in 2026, it remains fundamentally supported by globally diversified earnings, strong cash generation and the prospect of a more accommodative Bank of England, suggesting the trend is sustainable even if gains moderate compared to 2025’s over 20% advance. Key catalysts for UK equities in 2026 include continued progress…