The Trading Pair

Hello and welcome to your quick market update for Monday, January 13th!

New Zealand building consents rebounded sharply by 5.3%, while in Australia, inflationary pressures increased with a 0.6% rise in the MI Inflation Gauge. Chinese trade data beat expectations, with the trade balance hitting $104.8 billion in USD terms, signaling strong export demand. Meanwhile, Swiss consumer sentiment improved slightly but remains cautious at -30.

In the markets, Bitcoin is up 0.8% at $28,100, gold is down 0.2% to $1,920, and silver is off 0.4%, trading at $23.90.

For the U.S. Dollar Index, stronger global data and improving risk sentiment may put pressure on the dollar as investors lean away from safe havens.

That’s it for today! Stay tuned for more updates tomorrow.

Hello and welcome to your quick market update for Thursday, January 9th!

In the U.S., consumer credit fell by $7.5 billion, a surprising drop that signals weaker borrowing activity. Over in Europe, Germany’s industrial production surged by 1.5%, well above expectations, while the trade balance rose to €19.7 billion. However, Eurozone retail sales underwhelmed with a modest 0.1% gain.

In Asia, Japan saw a strong 3% increase in wage growth, and Australia reported a robust trade surplus of AUD 7.08 billion. China’s inflation held steady at 0.1%, while producer price deflation eased slightly to -2.3%.

Now, market movers: Bitcoin is down 1.2% at $27,800, gold is flat at $1,925, and silver is up 0.3% at $24.10.

For the U.S. Dollar Index, weaker domestic credit data might weigh on the dollar, but strong German industrial data and Fed commentary later today could provide balance.

Thanks for tuning in, and we’ll catch you tomorrow!

Good morning! It’s Tuesday, January 7th, and here’s your quick market recap.

In Japan, the Monetary Base dropped by 1% year-over-year, showing tighter liquidity. Over in the U.K., retail sales grew 3.1%, but housing prices slipped 0.2%, and construction PMI fell to 53.3, indicating a slowdown in growth. Australia’s building approvals dropped sharply by 3.6%, highlighting pressure on the housing sector.

In Europe, inflation data was mixed, with French CPI up 0.2% and Eurozone CPI holding steady at 2.4%. Italy’s unemployment rate improved to 5.7%, but inflation underperformed at 0.1%.

In the U.S., ISM Services PMI beat expectations at 54.1, while JOLTS job openings climbed to 8.1 million. However, the trade deficit widened to $78.2 billion. In Canada, trade and PMI data signaled modest economic growth.

On the commodities and crypto front: Bitcoin is down 1.2%, trading at $27,500. Gold is steady at $1,945, and silver slipped 0.3% to $23.80.

For the DXY, stronger U.S. services and job data provide support, but a wider trade deficit and mixed global data could limit gains. That’s it for today—see you tomorrow!

Good morning! Here’s your quick update for Monday, January 6th.

China’s Caixin Services PMI rose to 52.2, signaling stronger growth. In Europe, Spanish and Italian Services PMIs improved significantly, lifting the Eurozone’s overall PMI to 51.6. German inflation ticked up to 0.4%, but Swiss retail sales missed expectations. Meanwhile, U.K. services data slipped slightly to 51.1, highlighting continued challenges.

In the U.S., the Final Services PMI dropped to 56.8, below expectations, and Factory Orders fell by 0.4%. Later today, FOMC Member Cook will speak, potentially shedding light on Fed policy.

For the DXY, strong European and Chinese data may weigh on the dollar, while weaker U.S. numbers could add further downside pressure. Stay tuned for more updates tomorrow!

Happy Friday, January 3rd! Here’s a quick market recap.

In Europe, Spanish unemployment improved but missed expectations, while German unemployment rose by 10K. Over in the U.K., mortgage approvals and lending data fell short, reflecting weakness in the housing market.

In the U.S., the ISM Manufacturing PMI came in at 49.3, beating forecasts but still showing contraction. Manufacturing prices rose, and vehicle sales hit 16.8 million, exceeding expectations. Natural Gas Storage dropped by 116B, smaller than predicted, and all eyes are on FOMC Member Barkin’s speech later today.

For the DXY, strong U.S. manufacturing and auto data could offer support, but global labor market concerns might keep it balanced. Stay tuned for more updates next week!

Hello and welcome! Here’s a quick update for Thursday, January 2nd.

China’s Caixin Manufacturing PMI came in softer at 50.5, signaling slower growth. Over in Europe, Spain’s Manufacturing PMI improved to 53.3, but Italy and the Eurozone overall remain in contraction. The U.K.’s housing market surprised with a 0.7% rise in prices, though manufacturing data missed expectations.

In the U.S., unemployment claims dropped to 211,000, showing strength in the labor market. The Manufacturing PMI improved to 49.4, but construction spending flatlined, and crude oil inventories saw a smaller-than-expected decline.

For the DXY, strong labor and manufacturing data may lend support, but mixed signals from other sectors could limit gains. Stay tuned for more tomorrow!

Hello and welcome to the last update of the year, December 31st!

China’s Manufacturing PMI held steady at 50.1, just above the expansion mark, while the Non-Manufacturing PMI surged to 52.2, showing strength in the services sector. Over in the U.S., home prices rose 4.2% year-over-year, slightly beating expectations, though monthly gains slowed to 0.4%.

With bank holidays in Japan and Germany, global markets were quieter today. As for the dollar, mixed U.S. housing data and stronger Chinese activity could lead to a balanced DXY, with minimal movement heading into 2025.

Thanks for listening, and Happy New Year!

Here's a quick update for today, December 30th, 2024.

The Final Manufacturing PMI for Japan came in slightly better than expected at 49.6, still indicating contraction. In Switzerland, the KOF Economic Barometer dropped to 99.5, signaling weaker economic momentum. Over in Spain, Flash CPI rose to 2.8%, surpassing expectations and adding to inflation concerns.

In the U.S., the Chicago PMI fell sharply to 36.9, suggesting a slowdown in manufacturing, but Pending Home Sales surprised with a 2.2% increase, pointing to resilience in the housing market.

As for the DXY, the weaker manufacturing data could drag the dollar down, but the strong home sales report might offer some support. Stay tuned for more updates tomorrow!