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In January, the Australian S&P Global Manufacturing PMI fell slightly from 52.4 to 52.3.

Australia’s manufacturing PMI slightly fell to 52.3 in January, signaling continued expansion but at a slower pace. Global market tensions and inflation pressures suggest cautious trading strategies ahead. – vtmarketsmy.com

In January, South Korea’s trade balance exceeded expectations, reaching $8.74 billion instead of the projected $4.6 billion.

South Korea’s January trade surplus of $8.74 billion, far surpassing expectations, signals strong economic performance and export resilience. This bullish trend could positively influence the Korean Won and KOSPI index. – vtmarketsmy.com

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

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