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Unemployment rate in Austria rises to 8.4%, up from 7.2%

Austria’s unemployment rate surged to 8.4% in December, raising concerns about the economy. This could lead to market corrections and necessitate strategies like put options on the Austrian Traded Index. – vtmarketsmy.com

Turkey’s exports totaled $22.5 billion in December, a slight decrease from $22.7 billion.

Turkey’s December exports dipped slightly to $22.5 billion, signaling cautious economic stability. This may prompt currency volatility and require strategies to bolster export growth amid high inflation challenges. – vtmarketsmy.com

Spain’s manufacturing PMI was 49.6, below the expected 51.1

Spain’s December manufacturing PMI hit 49.6, indicating contraction and highlighting economic weaknesses. This data suggests potential downturns for the Eurozone, impacting traders’ strategies for equities and currency positions. – vtmarketsmy.com

The pound shows a slight bullish trend against the yen, held back by resistance near 211.60.

The GBP/JPY struggles under 211.60 resistance amid holiday trading and mixed economic signals. A pivotal breakout could lead to significant volatility in the coming weeks—traders should prepare for action. – vtmarketsmy.com

USD/CAD trades near 1.3700 with slight losses, indicating potential for an upward breakout

The USD/CAD pair is poised for potential upside after mixed employment reports; strong US jobs data contrasts with Canada’s losses. A decisive break above 1.3715 may signal a bullish trend ahead. – vtmarketsmy.com

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