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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

Silver sees a 4.20% decline in a quiet market due to profit-taking and labor data expectations

Silver is retreating to around $75 as traders take profits ahead of critical U.S. employment data. With geopolitical tensions and market caution, silver’s future hinges on the upcoming Nonfarm Payrolls report. – vtmarketsmy.com

New unemployment insurance applications in the US increased to 208K, according to reports.

Initial Jobless Claims in the US rose to 208,000, surpassing last week’s figures. As the labor market shows signs of softening, traders should adapt strategies to navigate upcoming economic shifts effectively. – vtmarketsmy.com

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