Risk FX improved early Monday, supported by the likely absence of concerns over Trump's tariff shots in his first 100 executive orders and a US holiday.
Markets are uncertain early Friday, despite positive data from China on Retail Sales and GDP growth.
Market sentiment is cautiously positive today, boosted by weaker-than-expected US Core CPI and a downbeat NY Empire State Manufacturing Index.
Strong US jobs and inflation data, along with China’s efforts to stabilize the Yuan, roiled the market sentiment and pushed the US Dollar higher.
Markets are subdued early Friday before the US jobs report, with concerns over China’s economy and global tensions.
AUDUSD continues to decline, pressured by US Dollar strength and negative market sentiment, as weak Australian data fails to support buyers.
The US Dollar rose following strong US ISM Services PMI and JOLTS Job Openings data, along with a risk-off sentiment.
Market sentiment remains uncertain despite gains in risky assets, driven by softer US data, reduced fears of Trump tariffs, and hopes for Chinese stimulus.
Asia-Pacific markets start the week positively, with Japan returning from a four-day holiday.
Strong capital inflows and positive US data clashed with risk-negative geopolitical news, creating an active start to 2025.
The first trading day of 2025 is quiet, with the Asian session sluggish as traders remain in holiday mode.
Market momentum slows as Japan kicks off its four-day New Year holiday and Western traders embrace the festive mood.
Market momentum slows on Monday as traders focus on year-end festivities, overlooking the week's only active trading day with a light calendar.
