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January China NBS non-manufacturing PMI reports 49.4, below expectations of 50.3

China’s January Non-Manufacturing PMI dropped to 49.4, signaling sector contraction and impacting global markets. The stronger US dollar and declines in cryptocurrencies highlight ongoing bearish trends. Markets brace for turbulence ahead. – vtmarketsmy.com

In January, China’s NBS Manufacturing PMI was 49.3, below the expected 50.

China’s January PMI of 49.3 signals manufacturing contraction amid supply chain challenges and weak global demand. Analysts suggest risk mitigation strategies for currency and commodity investments related to this downturn. – vtmarketsmy.com

The Euro fell against the Dollar following a Fed appointment and rising inflation data.

The EUR/USD dropped 0.75% as Kevin Warsh’s Federal Reserve nomination boosted US yields and Dollar demand amidst rising inflation. Traders should brace for further Euro weakness and increased market volatility. – vtmarketsmy.com

Japan’s CFTC JPY NC net positions increased from ¥-44.8K to ¥-33.9K

The US Dollar surges as Kevin Warsh’s Fed chair nomination intensifies market reactions, causing declines in EUR/USD and GBP/USD. Commodities, crypto face pressure; gold stabilizes, but risk sentiment remains bearish. – vtmarketsmy.com

CFTC reports a decrease in US gold net positions from $244.8K to $205.4K

CFTC gold positions fell significantly, reflecting market shifts amid a stronger US Dollar and Fed chair nomination. Stocks and crypto struggle as investor anxiety rises, suggesting a bearish outlook ahead. – vtmarketsmy.com

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