Today, traders also had a chance to take a look at the Factory Orders report for December. The report indicated that Factory Orders declined by 0.9% month-over-month, compared to analyst forecast of -0.7%.
Factory Orders ex Transportation increased by 0.3%, while analysts expected that they would grow by +0.6%.
U.S. Dollar Index tested session lows as traders reacted to the weaker-than-expected JOLTs Job Openings report. Traders bet that Fed may be less hawkish in case the job market find itself under pressure. Currently, U.S. Dollar Index is trying to settle below the 108.20 level.
Gold tested historic highs as traders focused on U.S. dollar’s pullback. Spot gold has recently managed to settle above the $2840 level and is trying to gain additional upside momentum.
