Indonesia
2025-02-05 21:34
IndustriOil Down, Gold Hits Record, Data Ahead
Looking at other markets to start the trading day:
Crude oil is trading down $-0.82 or -1.13% and $71.88
Gold is trading up and to new record highs. The current price is up $28.13 or 0.99% at $2869.67. The new all-time high reached $2877.04 today.
Bitcoin is trading Below the $100,000 level at $98,164, that's up marginally from the close yesterday
On the economic calendar:
ADP national employment data will be released at 8:15 AM ET with expectations of 150K versus 122K last month. Note the ADP does not include government job changes. This report should not see impact from DOGE, but going forward it will be an impact. Also, data will be perused going forward for impacts from immigration.
US international trade for December is expected to show a deficit of $-96.6 billion versus $-78.2 billion last month. The goods trade balance showed a $-122.11 billion deficit a week or so ago as companies prepare for tariffs to come.
Canada trade balance for December will also be released with a expected surplus of $0.75 billion. Last month the data showed a modest deficit of $-0.32 billion
S&P global composite PMI data will be released at 9:45 AM. The preliminary came in at 52.4 for the composite. The service component was at 52.8
ISM PMI index is expected to come in at 54.3 versus 54.0 last month
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Oil Down, Gold Hits Record, Data Ahead
Looking at other markets to start the trading day:
Crude oil is trading down $-0.82 or -1.13% and $71.88
Gold is trading up and to new record highs. The current price is up $28.13 or 0.99% at $2869.67. The new all-time high reached $2877.04 today.
Bitcoin is trading Below the $100,000 level at $98,164, that's up marginally from the close yesterday
On the economic calendar:
ADP national employment data will be released at 8:15 AM ET with expectations of 150K versus 122K last month. Note the ADP does not include government job changes. This report should not see impact from DOGE, but going forward it will be an impact. Also, data will be perused going forward for impacts from immigration.
US international trade for December is expected to show a deficit of $-96.6 billion versus $-78.2 billion last month. The goods trade balance showed a $-122.11 billion deficit a week or so ago as companies prepare for tariffs to come.
Canada trade balance for December will also be released with a expected surplus of $0.75 billion. Last month the data showed a modest deficit of $-0.32 billion
S&P global composite PMI data will be released at 9:45 AM. The preliminary came in at 52.4 for the composite. The service component was at 52.8
ISM PMI index is expected to come in at 54.3 versus 54.0 last month
#SeputarTrading
#ForexTrick
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