Data released early this morning:
• 3 Jan 22:30 Dec Australia AIG Services Index, 52.0 Actual | 51.7 Previous
• 4 Jan 00:30 Dec Japan Nikkei Mfg PMI, 54.0 Actual | 54.2 Previous
• 4 Jan 01:45 Dec China Caixin Services PMI, 53.9 Actual | 51.9 Previous
Bitcoin lost some of its overnight gains made on the back of news that PayPal co-founder Peter Thiel’s venture-capital firm Founders Fund had bought between $15 million and $20 million worth of the cryptocurrency in 2017, investments that are now worth hundreds of millions. By the end of the market session in London on Wednesday, Bitcoin was trading around $15,089.
Euro dipped against the Dollar by close of market session on Wednesday as the Dollar rallied across the board on upbeat U.S. Manufacturing and Construction Data and after the Federal Reserve reiterated their support for raising interest rates several times this year.
Sterling declined from three-month high against the Dollar as investors were cautious about taking on large new positions without any new catalysts.
The Canadian Dollar held near two and a half – month high as higher Oil prices limited losses, though it weakened against its U.S. counterpart as the Dollar recovered from recent lows after strong U.S. Data and Fed Minutes.
The U.S. Dollar strengthened against the Japanese Yen following the release of minutes from last month’s Federal Reserve meeting, while upbeat US Economic Data also supported dollar bulls.
Potential Catalysts Today
07:55 PM GMT German Services PMI (Dec)
08:00 AM GMT EuroZone Market Composite PMI (Dec)
08:30 AM GMT UK Services PMI (Dec)
12:15 PM GMT ADP Nonfarm Employment Change (Dec)
12:30 PM GMT US Initial Jobless Claims
01:45 PM GMT US Market Composite PMI (Dec)
03:00 PM GMT Crude oil Inventories