Trading news

Official manufacturing PMI returned to expansionary territory in December as new orders recovered m/m. The 2Y CAGR for real activity and trade likely picked up thanks to improved demand.

EUR/CAD remains in the negative territory after paring daily losses, trading around 1.6100 during the European hours on Monday. The currency cross pares recent losses as the commodity-linked Canadian Dollar (CAD) struggles amid weaker Oil prices.

The Euro has opened the first full week of 2026 in a weak tone and is trading lower against a somewhat firmer Japanese Yen. The pair accelerated its reversal from Friday’s highs, at 184.40, and is testing the bottom of the last two-week trading range, at 183.30, at the time of writing.

The AUD/USD pair is down 0.26% to near 0.6670 during the European trading session on Monday. The Aussie pair is under pressure as the Australian Dollar (AUD) underperforms its peers amid a risk-off market mood.

Dow Jones futures inch higher 0.06% to trade near 48,650 during the European session on Monday, while S&P 500 and Nasdaq 100 futures also gained, edging higher 0.14% and 0.38% to near 6,910 and 25,480, respectively.

The Pound Sterling (GBP) faces selling pressure against its safe-haven currency peers, outperforming risky ones at the start of the week.

EUR/USD has opened the week on the same soft tone that closed the previous one. The pair trades at four-week lows of 1.1690 at the time of writing, with traders trying to look ahead to the US intervention in Venezuela into a slew of key US macroeconomic releases due later in the week.

The Sterling has failed, once again, to break above the resistance area at 211.50, where it was capped on December 22 and 26, and is trading lower on Monday. Technical indicators hint at a weaker bullish momentum, although the pair has not shown a clear sign of a trend shift as of yet.

Spain Unemployment Change: -17K (December) vs -18.805K

USD/CHF remains firm following the weaker-than-expected Swiss Real Retail Sales, which rose 2.3% year-over-year in November, falling short of the expected 2.9% but coming above the prior 2.2% increase (revised from 2.7% increase).

Silver price (XAG/USD) gains nearly 4%, trading around $75.50 during the European hours on Monday. The technical analysis of the daily chart timeframe suggests the price of the precious metal remains within an ascending channel pattern, suggesting a persistent bullish bias.

Switzerland Real Retail Sales (YoY) registered at 2.3%, below expectations (2.9%) in November

Here is what you need to know on Monday, January 5:

Turkey Consumer Price Index (MoM) came in at 0.89% below forecasts (0.98%) in December

Turkey Consumer Price Index (YoY) came in at 30.89%, below expectations (31%) in December

The USD/CAD pair edges higher to near 1.3770 during the early European session on Monday. Nonetheless, a rise in crude oil prices following the United States’ (US) capture of Venezuelan President Nicolas Maduro could lift the commodity-linked Loonie against the US Dollar (USD). 

The NZD/USD pair attracts some sellers to around 0.5755 during the early European session on Monday. The US Dollar (USD) edges higher against the New Zealand Dollar (NZD) on the global flight to safety, bolstered by rising geopolitical tensions.

Netherlands, The Retail Sales (YoY): 3.9% (November) vs 3.1%

Netherlands, The Retail Sales (YoY) up to 3.3% in November from previous 3.1%

The Indian Rupee (INR) slides to a fresh almost two-week low against the US Dollar (USD) at the open on Monday.