Sweden’s services activity expanded at a slower pace in December, though it maintained strong growth momentum, survey results from Swedbank and the logistics association Silf showed on Wednesday. The purchasing managers’ index, or PMI, for the services sector dropped to 56.7 in December from 59.2 in November. However, a reading above 50 indicates expansion in
The USD/JPY forecast tilts to the downside as BoJ-Fed divergence favors yen. Risk-off sentiment strengthens yen but limits gains amid dollar’s own haven appeal. Today’s US ADP jobs report is crucial to watch, along with the US ISM PMI and JOLTS data. The USD/JPY remains under mild pressure as the Japanese yen continues to find
Gold (XAU/USD) trims a part of its intraday losses, though it retains its negative bias through the first half of the European session on Wednesday and remains well below the $4,500 psychological mark. As investors digest the recent US attack on Venezuela, the underlying bullish sentiment turns out to be a key factor that prompted
The gold outlook remains constructive despite profit-taking at the $4,500 level. Geopolitical risks and a weaker dollar continue to favor the bullion. Market participants now eye the US ADP report with more focus on Friday’s NFP. After a robust two-day rally, gold prices have paused near the $4,500 mark. Buyers are exhibiting some reluctance as
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Kelvin Wong Senior Market Analyst Based in Singapore, Kelvin Wong is a well-established senior global macro strategist with over 15 years of experience trading and providing market research on foreign exchange, stock markets, and commodities. Passionate about connecting the dots in the financial markets and sharing perspectives around trading and investment, Kelvin Wong is an
In case you missed the release and the earlier headlines: Just a quick caveat to the latest inflation data here is that this is still a relatively new release. For some context, the October reading was the first complete monthly CPI published by the ABS. So, this is just the second one and is yet
USD/CAD extends its gains for the fourth successive session, trading around 1.3810 during the Asian hours on Wednesday. The pair appreciates as the commodity-linked Canadian Dollar (CAD) struggles amid lower Oil prices. It is important to note that Canada is largest crude exporter to the United States (US). West Texas Intermediate (WTI) Oil price loses
The total number of building permits issued in Australia in was up a seasonally adjusted 15.2 percent on month in November, the Australian Bureau of Statistics said on Wednesday – coming in at 18,406. That beat expectations for an increase of 2.0 percent following the 6.1 percent contraction in October. On a yearly basis, building
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2026.01.06 2026.01.07 Weekly Economic Calendar for 12.01.2026–18.01.2026 Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ The key events of the past trading week were the release of US ISM PMI data and the latest monthly labor market report. In addition, investors were highly concerned about developments in Venezuela following the detention and transfer of the country’s president, Nicolas Maduro, to the
Summary: Trump says Venezuela will send 30–50m barrels of oil to the U.S. Proceeds from sales to be controlled by the U.S. administration Move follows U.S. capture of Maduro and international backlash Talks underway to redirect Venezuelan crude exports into U.S. markets Oil companies may be tapped to rebuild Venezuela’s energy sector President Donald Trump
The evening session begins a very important phase for FX Markets, with a quintessential Australian CPI report coming up in a few hours. Tomorrow’s session should also be quite a ride. To begin with, late night (and Asian/European) traders will start a long session with German Retail Sales and Unemployment figures at 02:00 A.M. and
The Australian Bureau of Statistics (ABS) will publish the Consumer Price Index (CPI) data for November at 00:30 GMT on Wednesday. This is the second complete monthly CPI report, as the government continues to transition from the quarterly CPI to the monthly gauge as the primary measure of headline inflation. “However, the RBA has said
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Amazon frustrated investors last year. There are obvious synergies between Amazon and AI and AWS is also a big beneficiary of AI spending. Despite that, shares were virtually flat in 2025. That could be changing. Shares are up 3.49% today and more than 4% this year. That’s bumped them to the highest since November 11
Market conditions have settled after earlier risk-on moves, with European indexes and US futures showing little direction. The absence of follow-through buying suggests traders are shifting toward more cautious trading. With desks fully staffed again, attention is turning to Friday’s December US non-farm payrolls report. Dollar remains broadly on the back foot and will be
