Market Insights
Trading Tools
The Canadian dollar steadied after stronger-than-expected December jobs, with speculators raising bearish bets to historic highs.
US stocks dropped Friday, with the S&P 500 wiping out 2025 gains, as a strong jobs report fueled cautious Fed rate cut expectations.
Job creation in November rebounded as the Boeing strike and Southeast hurricanes eased, according to the BLS. Worker pay rose 0.4% month-over-month.
The euro remained near a two-year low on Friday, with the market expecting further weakness as Trump’s presidency begins.
Oil prices fell on Thursday, extending losses due to large US fuel inventory builds, but concerns over tighter OPEC+ supplies limited the decline.
EUR/CHF gained annually as the EU and Switzerland updated their trade deal. Switzerland's economy is solid but faces deflation and US tariff risks.
ADP reports 146K new jobs in November, below the 163K forecast and October's revised 184K, indicating slower job growth.
The Australian dollar barely moved on Wednesday, weakening over 7% against the USD and falling against all G7 peers in the past three months.
The Nikkei 225 rose over 2% on Tuesday. Economists forecast Japan's economy will grow by over 1% in real terms in fiscal 2025.
Gold stayed near a three-week high on Monday, with Chinese dealers raising premiums due to stronger demand ahead of the New Year.
Oil prices were on track for a second weekly gain, driven by hopes of increased government support to boost economic growth and fuel demand.
The South African rand erased early gains on Thursday, extending December's weakness, but could rally, according to the options market.
On October 2, HK stocks surged 18% after China announced policy easing in a rare briefing by central bank governor Pan Gongsheng.
The Turkish lira slumped nearly 20% in 2024, while global central banks rushed to defend currencies after the Fed signaled slower rate cuts.
