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Recent Posts by davin

UK S&P Global Services PMI exceeds expectations with a value of 52.1

The UK’s December services PMI at 52.1 indicates unexpected economic growth, impacting GBP stability and Bank of England rate decisions. Traders should prepare for potential market volatility ahead of US job data. – vtmarketsmy.com

The Indian rupee keeps falling against the US dollar due to foreign outflows and a cooling PMI.

The Indian Rupee continues to decline against the US Dollar, reaching 91.45, driven by foreign fund outflows. Despite a shrinking trade deficit, economic indicators suggest challenges ahead for India. – vtmarketsmy.com

Hopes for a Russia-Ukraine truce lead Brent oil prices to a six-month low

Oil prices are tumbling due to renewed hopes for a Russia-Ukraine ceasefire, with Brent crude dropping to a six-month low. Declining demand and growing surplus signal further price declines ahead. – vtmarketsmy.com

December’s Eurozone HCOB Composite PMI at 51.9 falls short of the expected 53

The Eurozone’s December Composite PMI dropped to 51.9, hinting at economic slowdown. This may prompt the ECB to adopt a cautious approach, impacting the Euro’s strength against the Dollar. – vtmarketsmy.com

The Japanese yen may rise further due to a weak US dollar and expectations of a BoJ decision.

The Japanese Yen strengthens as expectations rise for a Bank of Japan interest rate hike, pushing USD/JPY below 155.00. Economic divergence hints at further Yen gains amidst a weak USD. – vtmarketsmy.com

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