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Pound falls below 1.3450 after rejection at 1.3475 following final UK manufacturing PMI data

The Pound Sterling dipped below 1.3450 due to weak UK manufacturing data but rebounded slightly amid expectations of US rate cuts. Traders should watch for technical movements around 1.3550. – vtmarketsmy.com

In December, the S&P Global Manufacturing PMI in the United States matches forecasts at 51.8.

The US manufacturing PMI holds steady at 51.8, signaling ongoing expansion. With fluctuating markets, traders are advised to prepare for volatility driven by the upcoming US jobs report. – vtmarketsmy.com

In December, Canada’s Manufacturing PMI rose from 48.4 to 48.6.

Canada’s Manufacturing PMI rose slightly to 48.6 in December, indicating ongoing contraction. This persistent weakness could prompt early interest rate cuts, creating trading opportunities in currency and equity derivatives. – vtmarketsmy.com

Singapore’s manufacturing PMI increases to 50.3 from 50.2

Singapore’s Manufacturing PMI slightly rose to 50.3, indicating minor sector recovery. Meanwhile, gold stabilizes at $4,320 amid a weaker US Dollar, as markets await crucial US jobs data. – vtmarketsmy.com

Brazil’s manufacturing PMI drops to 47.6 in December from 48.8

Brazil’s manufacturing PMI fell to 47.6, signaling deeper economic contraction and challenging growth prospects. This decline may weaken the Brazilian Real and pressure interest rates, influencing trading strategies. – vtmarketsmy.com

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