Trading news

EUR/USD drops for the fourth straight day on Thursday as jobs economic data fared better than expected. Data in the Eurozone reaffirmed traders that the European Central Bank easing cycle finished, as producer prices in the bloc deflated in December.

United States Consumer Credit Change below expectations ($10B) in November: Actual ($4.229B)

United States Consumer Credit Change came in at $4.229B, below expectations ($10B) in November

United States Consumer Credit Change came in at $4.23B, below expectations ($10B) in November

Gold price hovers around its opening price on Thursday after hitting a daily low of $4,407 as US Treasury yields rise and the Greenback follows suit. Economic data in the US has improved the outlook of the labor market ahead of the release of the crucial December Nonfarm Payrolls report.

Earlier, on a CNBC interview, the US Treasury Secretary Scott Bessent said that the Federal Reserve should continue to cut rates.

The US Dollar (USD) posted decent gains, enough to maintain its optimism unchanged so far this year. Meanwhile, market participants remained cautious ahead of the release of the critical US labour market report at the end of the week.

Argentina Industrial Output n.s.a (YoY) declined to -8.7% in November from previous -2.9%

The Canadian Dollar (CAD) remains on the defensive against the US Dollar (USD) on Thursday, pressured by broad-based Greenback strength. At the time of writing, USD/CAD trades around 1.3875, hovering near its highest level since December 5.

AUD/USD extends its pullback and trades around 0.6690 on Thursday at the time of writing, down 0.40% on the day, after posting a more-than-one-year high on the previous day.

United States 4-Week Bill Auction fell from previous 3.59% to 3.55%

The Pound Sterling falls for the third straight day, down some 0.10% as US jobs data has revealed that the labor market is healthier than expected, weighing on expectations of Fed rate cuts ahead in the year. At the time of writing, the GBP/USD trades at 1.3444 after reaching a daily high of 1.3465.

The Swiss Franc (CHF) trades marginally higher against the US Dollar (USD) on Thursday, as markets weigh firm US weekly labour-market data against a modest pick-up in Swiss inflation. At the time of writing, USD/CHF trades around 0.7991, hovering near its highest level since December 11.

India M3 Money Supply: 12.1% (December 22) vs 9.3%

United States EIA Natural Gas Storage Change registered at -119B, below expectations (-109B) in January 2

The Japanese Yen (JPY) trims earlier gains against the US Dollar (USD) on Thursday, as the Greenback strengthens broadly following the latest US economic releases. At the time of writing, USD/JPY trades around the 157.00 mark, pushing higher for a third consecutive day.

NZD/USD trades lower and holds around 0.5750 on Thursday at the time of writing, extending a negative trend seen over recent days. The pair reflects a weakening New Zealand Dollar (NZD), a risk-sensitive currency, as investors remain cautious.

United States Wholesale Inventories meets forecasts (0.2%) in October

The Japanese Yen (JPY) remains incredibly quiet as it extends the tight consolidation that we’ve observed over the past couple of weeks, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

Turkey Treasury Cash Balance fell from previous 56.39B to -333.15B in December