Argentina’s industrial output saw a contraction of 8.7% year-on-year in November, a decrease from the previous month’s dip of 2.9%. This reflects a downward trajectory in industrial performance over the specified period.<\/p>\n
In the foreign exchange market, the People’s Bank of China set the USD\/CNY reference rate at 7.0128, a slight change from the prior rate of 7.0197. This adjustment comes amidst ongoing evaluations of currency performance and economic data.<\/p>\n
In the commodities market, gold prices hovered near $4,455, influenced by rising yields and the recovery of the US dollar. The dynamics suggest a cautious approach by traders, pending key US employment data which could influence future trading decisions.<\/p>\n
Cryptocurrencies faced volatility, with Ripple (XRP) trading down for a third consecutive day. This decline followed its peak of $2.41 on Tuesday, the highest since mid-November, as investors appeared to engage in profit-taking amidst fluctuating market conditions.<\/p>\n
With the US Nonfarm Payrolls report due today, January 9th, we are advising a cautious stance. Market consensus is for around 170,000 jobs added in December, a figure that will heavily influence the Federal Reserve’s rate-cut timeline. The outcome of this report will likely set the market’s direction for the next several weeks.<\/p>\n
This anticipation is already strengthening the US dollar, pushing pairs like EUR\/USD down toward the 1.1640 level. We see this as an opportunity to consider put options on the Euro or British Pound, betting on continued dollar momentum if the jobs data comes in stronger than expected. The market is pricing in significant movement, and derivatives offer a way to manage that risk.<\/p>\n
We are seeing nervousness build, with the VIX volatility index creeping up to 16.5 this week from lows around 13 just a few weeks ago. The sharp profit-taking in speculative assets like XRP, which fell after hitting a high of $2.41, confirms this risk-off mood. Traders should consider strategies like straddles on major indices to play a potential spike in volatility after the jobs numbers are released.<\/p>\n
Gold remains stalled near $4,455, caught between the strong dollar and underlying support from the geopolitical shocks of 2025. A hot jobs report could send yields higher and gold lower in the short term, making short-dated call options risky right now. Any significant dip, however, could be a buying opportunity given the lingering global uncertainty.<\/p>\n
Meanwhile, a serious red flag is waving from emerging markets like Argentina, where industrial output just plunged by 8.7%. This is a severe contraction, nearing levels seen during their 2018 crisis, and it comes on top of the hyperinflationary pressures we saw throughout 2025. This makes us look at bearish positions on assets tied to the Latin American economy, as contagion risk could be underestimated.<\/p>\n
Create your live VT Markets account<\/a>\u00a0and\u00a0start trading<\/a>\u00a0now. <\/b><\/p>\n","protected":false},"excerpt":{"rendered":" Argentina’s industrial decline, China’s stable yuan, gold steadies on yields, Ripple drops amid profit-taking and volatility.<\/p>\n","protected":false},"author":62,"featured_media":16965,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59],"tags":[],"class_list":["post-38654","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/38654","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/users\/62"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/comments?post=38654"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/38654\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media\/16965"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media?parent=38654"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/categories?post=38654"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/tags?post=38654"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}