Home News Market Update – January 3 – JPY & Gold add to gains

Market Update – January 3 – JPY & Gold add to gains


Today’s markets are back at full-time to kick-start 2023. A key week is topped by NFP Data on Friday was distorted by the ongoing rise of Covid Cases and deaths China Japan and New Zealand Currently, the office is closed. However, in Asia, it’s open. ASX The laggard (-1.3%) is while Chinese bourses have a stronger footing (Shanghai Comp +0.8%, Hang Seng +2.1%), despite Data on PMI for manufacturing are weaker Caixin 49.0 vs. 49.4)  JPY is the most notable gainer among the major FX currencies (USDJPY -0.77% @ 129.50 Earlier, 6-mth lows were recorded)d USD Is receiving a bid when the European markets are in full swing (EURUSD At 1.0570 Starting at 1.0675).

  • The USD Index Capacity remains at 103.50 Today as the USD begins to weaken in early New Year trading
  • EUR – rotates at 1.0570 Now, the spike has reached to 1.0710 This key round number was not available for Monday, but it is possible.
  • JPY – moved lower again as the pivot from the BOJ becomes more baked-in to market thinking, the key 130.00 was broken earlier, for the first time since June 20,22.
  • GBP – Sterling has a significant over 1.2000 At 1.2070 In the first London trades for the year.
  • Stocks – European and UK FUTS trade at a higher level than US500.F, and are therefore more expensive. 3872 Now, the close of the cash market for 2022 is at 3839.50.
  • USOil – To…

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