After closing the previous trading day at $1,834, Palladium is up to $1,874 per troy ounce, which makes for a move of 2.19%/$40 today.
United States ADP Nonfarm Employment Change (Nov) is next today at 13:15 UTC.
Uptick comes while some more positive signs for Palladium are out as highly important Consumer Confidence data from United States beat analyst expectations of 100 with a reading of 100.2.
At the same time, United States API Weekly Crude Oil Stock came out at -7.85 million, while a consensus of analysts was expecting -2.49 million. United States S&P/CS HPI Composite – 20 n.s.a. (YoY) (Sep) released yesterday at 14:00 UTC with a figure of 10.4, while the previous figure was 13.1.
A look at other Metals also shows upside as having closed the previous session at $1,008.6, Platinum is up 0.66% today to currently trade at around $1,015.3. Gold is up 0.22%.
Moreover, macro data could boost sentiment further as United States Pending Home Sales is projected to outperform its last figure with -5%. It previously stood at -10.2%; data will be released today at 15:00 UTC. United States Crude Oil Inventories is projected to outperform its last figure with -2.76 million. It previously stood at -3.69 million; data will be released today at 15:30 UTC.
Furthermore, the market is looking at United States Core PCE Price Index (MoM) (Oct) is expected tomorrow at 13:30 UTC.
CME Palladium is now trading 41.76% below the significant high of $3,149 it set around 8 months ago.