Gold retreated sharply from the $4,400 area and trades flat for the day in the $4,320 price zone. Choppy trading conditions exacerbated the intraday decline, although XAU/USD bearish case is out of the picture, considering growing expectations for a dovish Fed and persistent geopolitical tensions.
Spain’s manufacturing sector slid back into contraction territory for the first time since April amid falls in both output and new orders. Softer demand conditions are to blame but manufacturers also chose not to renew temporary labour contracts, resulting in the biggest monthly fall in employment for two years. HCOB notes that: “Spain’s manufacturing sector saw an unexpected setback…
GBP/USD dips below 1.3450 following final UK manufacturing PMI data The Pound has been rejected at 1.3475 on the early London trading session on Friday, and retreated to session lows at the 1.3450 area at the time of writing. The pair has turned negative on the daily chart following the downward revision of the UK’s December $&P Global Manufacturing PMI,…
Article Highlights A bullish MACD crossover in USD/JPY suggests buyers may be attempting to reassert control after a recent consolidation near highs. Price is pausing just below key resistance around 157.70, making follow-through and support behavior critical for confirmation. The signal carries whipsaw risk, as momentum shifts near resistance can fail without broader trend and fundamental alignment. The latest…
A fresh drop in output and new orders mark a setback for Italy’s manufacturing sector in December. The good news at least is that cost pressures were seen easing but employment conditions also suffered on the month. On the latter, manufacturers made further cutbacks to their workforce numbers, signalling a full quarter of job shedding. Tough. HCOB notes that:…
Gold retreated sharply from the $4,400 area and trades flat for the day in the $4,320 price zone. Choppy trading conditions exacerbated the intraday decline, although XAU/USD bearish case is out of the picture, considering growing expectations for a dovish Fed and persistent geopolitical tensions.
The final estimate is little changed from the preliminary reading as France’s manufacturing sector saw a modest jump in activity to round off the 2025 year. A strong rise in new export orders was the key reason in underpinning sentiment while employment conditions also returned to growth on the month. Meanwhile, output volumes also came close to stabilising after…
The US jobs report will be the main economic release next week, with other US data including the ISM indices and consumer sentiment. Elsewhere, the focus will be on inflation in Europe and China, whilst wage data is due in Japan, Deutsche Bank’s economists report. Europe and China inflation in focus “In the US, the key event will be…
The headline reading is a 10-month low as a drop in demand conditions sees German manufacturing activity slump in the final month of last year. Of note, manufacturing output slid into contraction territory for the first time in ten months amid falling export sales. And that led to deeper cuts to employment, purchasing and stocks of inputs. Meanwhile, price…
The Canadian Dollar (CAD) hit a bit of a soft patch on Friday, kicking off the first trading day of 2026 on the back foot. The Loonie is one of the worst performers for the day, shedding weight against all but one of its major currency peers. Despite a steady note of overall weakness to open up the new…
