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Gold faces downward pressure as the US dollar strengthens, currently trading around $4,425.

Gold prices are declining as the US Dollar strengthens, trading near $4,425. Geopolitical tensions and mixed US economic data create a cautious atmosphere, prompting analysts to suggest potential buying opportunities amid short-term bearishness. – vtmarketsmy.com

The Euro falls against the US Dollar as strong labor market data boosts the Greenback

The Euro is under pressure against the US Dollar, currently at 1.1662, influenced by mixed US labor data. Traders are eyeing tomorrow’s Nonfarm Payrolls report for further direction. – vtmarketsmy.com

ABN AMRO reports that China’s manufacturing and composite PMIs show signs of improving economic momentum.

China’s December PMIs indicate a growth rebound, driven by stimulus measures. Manufacturing and non-manufacturing indices crossed into expansion, while construction surged. However, consumer sectors still face challenges, suggesting a cautious recovery. – vtmarketsmy.com

Scotiabank reports that the USD is stronger against commodity currencies while the DXY stays stable.

The US Dollar strengthens against commodity currencies, but remains stable against the Euro and Yen. Divergence in Fed rate cut expectations may create trading opportunities amid uncertain market conditions. – vtmarketsmy.com

The United States’ goods trade balance improved from a deficit of $79 billion to $59.1 billion

The US goods trade deficit improved in October, boosting the dollar’s strength. With strong job growth and persistent inflation, expect volatility and potential investments in dollar options and VIX strategies. – vtmarketsmy.com

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