Market Roundup
• US Redbook (YoY) 7.1%,7.6% previous
•Canada Services PMI (Dec) 46.50, 44.30 previous
• US S&P Global Services PMI (Dec) 52.5, 52.9 forecast, 54.1 previous
• US S&P Global Composite PMI (Dec)52.7, 53.0 forecast,54.2 previous
Looking Ahead Economic Data (GMT)
•No Data Ahead
Looking Ahead Events And Other Releases (GMT)
•No Events Ahead
Currency Summaries
EUR/USD : The euro eased on Tuesday as softer German inflation and revised Eurozone PMIs weighed on the euro. The euro area expanded at a slower pace in December, yet ended 2025 on its best quarterly growth since 2023, as services strength offset manufacturing weakness.The final HCOB Eurozone Composite PMI fell to 51.5 in December from November’s 30-month high of 52.8, slightly below the earlier estimate of 51.9.PMI readings above 50.0 indicate growth in activity, while those below that level point to a contraction.Separate data showed, German inflation eased more than expected in December, falling to 2.0% year-on-year, according to preliminary data from the federal statistics office.Immediate resistance can be seen at 1.1741(50%fib), an upside break can trigger rise towards 1.1828(38.2%fib).On the downside, immediate support is seen at 1.1658(61.8%fib), a break below could take the pair towards 1.1617(Lower BB).
GBP/USD: Sterling eased slightly on Tuesday as stronger dollar and soft UK PMI data weighed on the pair.Britain’s services sector finished 2025 weaker than expected, with rising costs likely to be passed on to consumers.The final S&P Global UK Services PMI rose slightly to 51.4 in December from 51.3 in November, below the earlier flash estimate of 52.1.Meanwhile, the composite PMI, which merges the services survey with last week’s manufacturing data that reached a 15-month high, increased to 51.4 from 51.2 in November, though it fell short of the preliminary 52.1 estimate. Immediate resistance can be seen at 1.3595(38.2%fib), an upside break can trigger rise towards 1.3639(Higher BB).On the downside, immediate support is seen at 1.3471 (38.2%fib), a break below could take the pair towards 1.3441(SMA 20).
USD/CAD: The Canadian dollar weakened against its U.S. counterpart on Monday as lower oil prices and down beat Canadian economic data weighed on loonie . Canada’s services sector stayed in contraction in December, with trade uncertainty weighing on jobs and client spending, PMI data showed.The Business Activity Index rose to 46.5 from 44.3 in November but stayed below the 50 expansion threshold. Canada’s employment report for December, due on Friday, is expected to show the economy shedding 5,000 jobs and the unemployment rate ticking up to 6.6% from 6.5% in November.Oil prices fell 1.2% to $57.66 a barrel, as markets balanced expectations of ample global supply against uncertainty over Venezuelan crude output. Immediate resistance can be seen at 1.3878 (38.2%fib), an upside break can trigger rise towards 1.3905 (Higher BB).On the downside, immediate support is seen at 1.3778(38.2%fib), a break below could take the pair towards 1.3755(SMA 20).
USD/JPY: The U.S. dollar edged higher against yen on Tuesday investors focused on how upcoming data will shed light on U.S. monetary policy outlook. Markets are also digesting diverging commentaries by Federal Reserve officials on the path of interest rates this year.Fed interest rate changes will need to be "finely tuned" to incoming data given risks to both the Fed's unemployment and inflation goals, Richmond Fed president Tom Barkin said on Tuesday. Barkin is a non-voter on the Fed's rate-setting committee this year.Fed governor Stephen Miran, whose term ends at the end of January, said Tuesday the U.S. central bank needs to cut interest rates aggressively this year to keep the economy moving forward. Immediate resistance can be seen at 157.72(23.6%fib) an upside break can trigger rise towards 158.00(Psychological level) .On the downside, immediate support is seen at 156.21 (SMA 20) a break below could take the pair towards 154.92 (38.2%fib).
Equities Recap
European markets notched another record close on Tuesday after German and Spanish benchmarks hit all-time highs, with upbeat local economic data outweighing worries about international tensions..
UK's benchmark FTSE 100 closed up by 1.18 percent, Germany's Dax ended up by 0.09 percent, France’s CAC finished the day up by 0.32 percent.
Wall Street closed higher on Tuesday, driven by a surge in chip stocks on renewed AI optimism, a rally in Moderna shares, and the Dow Jones reaching a record high.
Dow Jones closed up by 0.99 % percent, S&P 500 closed up by 0.62 % percent, Nasdaq settled up by 0.65% percent
Commodities Recap
Gold extended its gains on Tuesday, lifted by safe‑haven demand after the U.S. capture of Venezuela’s president heightened geopolitical tensions, while investors awaited U.S. payroll data for clues on the Federal Reserve’s rate outlook.
Spot gold was up 0.8%at $4,485.39 per ounce by 01:40 p.m. ET (1840GMT), after a nearly 3% gain in the previous session, bringing prices closer to the record high of $4,549.71 hit on December 24.
U.S. gold futures for February delivery settled 1% higher at $4,496.10.
Oil prices fell on Tuesday as traders weighed expectations of abundant global supply this year against uncertainty about Venezuelan crude output following the U.S. capture of President Nicolás Maduro.
Brent crude futures fell $1.06, or 1.7%, to settle at $60.70 a barrel, while U.S. West Texas Intermediate crude fell $1.19, or 2%, to $57.13 a barrel.
