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2025-12-16 Tuesday

2025-12-20

13:01:19

Preliminary HSBC Manufacturing PMI for India in December

Previous : 56.60 Forecast : 57.20

Published Value 55.70

Previous

13:01:12

HSBC Services PMI for India in December

Previous : 59.80 Forecast : 60.10

Published Value 59.10

Previous

13:00:47

India's HSBC Composite PMI for December

Previous : 59.70 Forecast : 59.30

Published Value 58.90

Previous

11:13:24

[Market Focuses on Weak Non-Farm Payroll Expectations; Data Becomes an Economic and Policy Indicator] 1. The upcoming non-farm payroll report, one of the most closely watched economic indicators in the United States, has sparked widespread market concerns. Last month's data showed that the US economy added 119,000 jobs, a significant slowdown from the beginning of the year. This year's report, delayed by 11 days due to the government shutdown, is expected to be even weaker, with only about 50,000 new jobs anticipated. 2. Investors are focusing not only on the total number of jobs but also on employment trends in key sectors such as technology, healthcare, and leisure, which are often seen as leading indicators of overall economic health. Wage growth is also crucial—a slowdown could indicate easing inflationary pressures, thus influencing the Federal Reserve's interest rate decisions; conversely, a faster growth suggests a still tight labor market and potentially high inflation. 3. The report has also been embroiled in political issues. US President Trump previously blamed Federal Reserve Chairman Powell for relatively weak employment data, intensifying scrutiny of the central bank. Some analysts believe that if the data is significantly weaker than expected, Powell may face pressure from the public and political spheres to cut interest rates, regardless of his own assessment. 4. Historically, the non-farm payroll report has had a significant impact on the market: the stock market reflects expectations of economic momentum, while bond yields and the dollar exchange rate are sensitive to potential changes in Fed policy. If the data falls short of expectations, safe-haven assets such as gold are often favored. Besides triggering immediate market volatility, the report's more important value lies in helping investors determine whether the economy is slowing down, maintaining stable growth, or demonstrating resilience in a high-interest-rate environment.

11:08:56

The average liquidity balance of financial institutions in South Korea in October - seasonally adjusted

Previous : 5998.50 Forecast : -

Published Value 6032.49

Previous

11:00:46

South Korea's M2 monthly rate for October

Previous : 0.70% Forecast : -

Published Value 0.90%

Previous

11:00:38

South Korea's monthly rate of money supply in October

Previous : 1% Forecast : -

Published Value 0.60%

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11:00:02

South Korea's annual rate of money supply in October

Previous : 7.20% Forecast : -

Published Value 7.10%

Previous

10:48:57

[First Time in History! Volkswagen to Close Dresden Plant on Tuesday] 1. Volkswagen will officially close its iconic "transparent factory" in Dresden, Germany, on Tuesday. This will be the first time in the group's 88-year history that it has shut down a vehicle assembly plant in Germany. Since its opening in 2001, the plant has produced over 165,500 vehicles and has focused on electric vehicle manufacturing in recent years. 2. Volkswagen's brand head, Thomas Schäfer, previously explained that although the decision was painful, it was "economically necessary." The shutdown is mainly due to multiple factors, including rising energy costs in recent years, weak sales in several key markets such as Europe, China, and the United States, and pressure from US tariffs, which have put enormous pressure on the company's cash flow. 3. This move is part of Volkswagen's plan announced last year to reduce German production capacity and cut 35,000 jobs. In fact, the entire German automotive industry is facing structural challenges. Clemens Fuest, director of the ifo Institute, warned that the German economic downturn is "becoming increasingly severe," and German Chancellor Friedrich Merz also acknowledged that the economy has fallen into a "structural crisis," with many industries experiencing a significant decline in competitiveness. Besides Volkswagen, German automakers such as BMW and Mercedes-Benz are also facing continued pressure this year from high energy prices, intensified competition from Chinese brands, and US tariffs.

10:18:00

The proportion of foreign holdings of New Zealand government bonds in November

Previous : 58.60% Forecast : -

Published Value 58%

Previous

09:37:27

[ECB Decision and Non-Farm Payrolls Preview: Morgan Stanley Bullish on Euro, Long-Term Target 1.30 if ECB Does Not Refute Rate Hike Expectations] 1. Morgan Stanley believes that if European Central Bank (ECB) President Christine Lagarde avoids explicitly opposing market expectations of higher interest rates at this week's policy meeting, and US non-farm payroll data is weak, the euro will face significant upside risks. Weak US employment data will further strengthen expectations of continued easing by the Federal Reserve, thus putting downward pressure on the US dollar. 2. From a technical analysis perspective, the euro is expected to break through key resistance levels. If it can hold above 1.1920, it will open the door to 1.20, a level not reached since the early recovery phase after the pandemic. Broader dollar weakness could drive the euro further up, even if the ECB may cut rates later. 3. In the medium term, Morgan Stanley is relatively optimistic about the euro. Although the baseline scenario still expects the ECB to cut rates by 50 basis points, the euro can still appreciate if US interest rate trends, risk premiums, and global capital flows are favorable to the euro. 4. In a more optimistic scenario, if US interest rate expectations continue to adjust, the dollar risk premium declines, and European economic growth stabilizes, the euro could rise to 1.30 in the long term. Currently, strategists believe the downside risks for the euro are relatively limited, while its upside potential is greater. 5. Note: US October non-farm payroll data will be released at 21:30 Beijing time today, and the European Central Bank's policy decision will be announced on Thursday.

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Real-Time Popular Commodities

Instrument Current Price Change

XAU

4338.22

5.61

(0.13%)

XAG

67.126

1.664

(2.54%)

CONC

56.54

0.54

(0.96%)

OILC

60.48

0.76

(1.28%)

USD

98.717

0.277

(0.28%)

EURUSD

1.1707

-0.0014

(-0.12%)

GBPUSD

1.3375

-0.0004

(-0.03%)

USDCNH

7.0341

0.0029

(0.04%)