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    The Redbook Index in the United States decreased from 7.6% to 7.1% year-on-year

    by VT Markets
    /
    Jan 6, 2026
    In related market news, the FXStreet team shares updates on different financial markets. We see the GBP/USD weakening and gold prices fluctuating due to geopolitical issues.

    Cryptocurrency Trends

    There are also changes in cryptocurrency trends. Profit-taking is slowing down the growth seen in Bitcoin and Ethereum. At the same time, Cardano appears to have the potential to break out if it can rise above the 50-day EMA resistance. In the broader economy, U.S. involvement in Venezuela during political unrest is being discussed. While these international developments are important, they haven’t significantly changed financial or economic forecasts. The recent drop in the Redbook Index to 7.1% may indicate a slowdown in consumer spending as we move into 2026. This trend calls for caution, making it a good time to look at protective put options for consumer discretionary ETFs. We experienced a similar post-holiday slowdown early last year in 2025, but the market bounced back after a strong jobs report.

    Upcoming US Employment Data

    Everyone is now watching the upcoming U.S. employment data for insights into the economy’s future. In January 2025, the jobs report revealed a surprising gain of 225,000 jobs, contradicting fears of an economic slowdown. If we see a similarly strong report now, the market could react sharply, making call options on the VIX a smart hedge against that uncertainty. Gold remains around $4,500 even as the dollar strengthens, showing a solid demand for safe-haven assets amid geopolitical tensions. Gold usually performs well in uncertain times, and its current strength suggests traders should stay invested. Call options on gold miners (GDX) could be a way to benefit from further price increases in gold. Bitcoin’s recent dip from its highs near $95,000 seems like a healthy consolidation, especially with strong ETF inflows. Last quarter, net inflows into spot Bitcoin ETFs averaged over $500 million daily, indicating strong institutional demand. This dip might be a good opportunity to adopt bullish positions through call options on major crypto ETFs. Create your live VT Markets account and start trading now.

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