Live Updates

Germany’s HCOB Composite PMI hit 52.4, indicating economic resilience and growth. This positive trend boosts prospects for German equities and the Euro, suggesting potential investment opportunities ahead. – vtmarketsmy.com

Germany’s HCOB Services PMI for November hit 53.1, exceeding forecasts. This growth signals a robust services sector, suggesting a healthier economy and potential gains in the Euro and German DAX index. – vtmarketsmy.com

AUD/USD shows promising signs, hovering at a crucial support level of 0.6410. Anticipated US rate cuts could boost the Australian dollar, making it a potentially attractive investment opportunity. – vtmarketsmy.com

Italy’s services PMI soared to 55 in November, indicating strong economic growth and boosting confidence in the Italian economy. This may influence ECB monetary policy, creating exciting investment opportunities. – vtmarketsmy.com

The USD/CNH is declining due to strong exporter flows and Chinese economic strength, potentially leading to a stronger CNY as authorities shift focus from exports to domestic consumption. – vtmarketsmy.com

European natural gas prices are plunging due to mild weather and high US LNG exports, but storage levels are critically low, raising fears of a sudden price spike if cold weather hits. – vtmarketsmy.com

The Australian Dollar faced a brief dip due to disappointing GDP data but bounced back thanks to strong private consumption and investment. Economic recovery looks promising, driven by domestic demand. – vtmarketsmy.com

China’s economy shows mixed signals: manufacturing PMI improves slightly, but domestic demand weakens. Export growth benefits from a US-China trade deal, while infrastructure opportunities arise for commodity traders amidst ongoing challenges. – vtmarketsmy.com

EUR/USD is rising as hedging costs decrease for Eurozone investors, boosting demand. Favorable terms of trade and expectations of Fed rate cuts suggest a bullish outlook, eyeing resistance near 1.17. – vtmarketsmy.com

Spain’s HCOB Services PMI fell to 55.6, affecting the Euro’s strength against the US Dollar, while Bitcoin surges past $92,000. Economic shifts signal caution in global trading dynamics. – vtmarketsmy.com