Trading news

Austria Industrial Production (YoY) down to -0.3% in November from previous 3.3%

Switzerland Unemployment Rate s.a (MoM) remains unchanged at 3% in December

Austria Trade Balance: €-84.6M (October) vs €-230.8M

Spain Industrial Output Cal Adjusted (YoY) climbed from previous 1.2% to 4.5% in November

France Consumer Spending (MoM) below forecasts (0.2%) in November: Actual (-0.3%)

France Industrial Output (MoM) came in at -0.1% below forecasts (0%) in November

The EUR/CAD pair oscillates in a range around mid-1.6100s through the early European session on Friday, though it seems to have stalled the previous day's modest pullback from over a three-week high.

Silver price (XAG/USD) gains ground after two days of losses, trading around $77.20 per troy ounce during the Asian hours on Friday.

Germany’s industrial sector activity unexpectedly increased in November, the latest data published by Destatis showed on Friday.

Sweden Industrial Production Value (MoM): -0.1% (November) vs -6.6%

Sweden Industrial Production Value (YoY) fell from previous 5.9% to 4.2% in November

Germany Industrial Production s.a. (MoM) above forecasts (-0.4%) in November: Actual (0.8%)

Germany Trade Balance s.a. registered at €13.1B, below expectations (€16.5B) in November

Germany Imports (MoM) above expectations (0.2%) in November: Actual (0.8%)

Germany Exports (MoM) came in at -2.5%, below expectations (0%) in November

Here is what you need to know on Friday, January 9:

USD/CAD continues its winning streak that began on January 2, trading around 1.3870 during the Asian hours on Friday. Traders await the US Nonfarm Payrolls (NFP) report, which is expected to offer further insight into labor market conditions and the Federal Reserve’s (Fed) policy outlook.

West Texas Intermediate (WTI) Oil price loses ground after registering over 4% gains in the previous session, trading around $58.10 per barrel during the Asian hours on Friday. Oil prices depreciate amid rising global inventories and oversupply.

The GBP/JPY pair moves higher to near 211.30 during the late Asian trading session on Friday. The pair gains as the Japanese Yen (JPY) underperforms its peers, with ongoing trade tensions between Japan and China offsetting Tokyo’s unexpectedly strong Overall Household Spending data.

The Indian Rupee (INR) ticks lower in the opening session against the US Dollar (USD) on Friday. The USD/INR pair rises to near 90.25 as the US Dollar (USD) trades firmly ahead of the release of the United States (US) Nonfarm Payrolls (NFP) data for December at 13:30 GMT.