MHMarkets：The published value of Dallas Fed Business Activity Index is -9.3, and the previous value was -19.9.
At the end of the Asian market on Wednesday (December 27), yesterday evening, the US released the December Dallas Fed Business Activity Index, with a published value of -9.3 and a previous value of -19.9.
Technical Analysis & Forecast 26.12.2023
EURUSD continues developing a growth wave to 1.1040. Upon reaching this level, the quotes might form a corrective link to 1.0986 (a test from above). Next, a rise to 1.1055 is expected, possibly followed by a new decline wave to 1.0888.
Technical Analysis & Forecast December 26, 2023
JPY May Extend Corrective Wave. The overview also details the dynamics of EUR, GBP, CHF, AUD, Brent, Gold, and the S&P 500 index.
Sterling stabilises in 2023, as rate cuts move into view for 2024
After losing 11.9% of its value against the US dollar in 2022, 2023 has seen a period of consolidation for the pound, and a much more uneventful year than was the case in 2022 when we saw wild swings between highs of 1.3530 and a low point of 1.0350.
S&P 500, Nasdaq Futures Tread Cautiously Before Key Inflation Data: Analyst Banks On Historical Tren
Caution clouded U.S. stocks before the opening bell on Friday as traders eagerly anticipated a crucial inflation metric, a key factor influencing the Federal Reserve’s policy decisions.
Russian rouble little changed in sluggish trading
The Russian rouble has been broadly steady against the U.S. dollar and euro on Tuesday in thin trading, with the European and U.S. markets closed for Christmas.
Oil prices rise slightly as investors focus on Middle East tensions, US rate cut
Crude oil prices slightly increase as investors closely monitor the situation. Escalating geopolitical tensions in the Middle East and a recent interest rate reduction by the United States
Netease crashes 23% as China flags more online gaming curbs; Seen as an 'overeaction'
Shares of Chinese gaming giant Tencent (HK:0700) and smaller peer Netease fell sharply on Friday after authorities unveiled more regulations aimed at curbing player spending on online gaming.
Metals, energy stocks power gains in Indian benchmarks
Indian benchmarks settled higher on Tuesday lifted by gains in energy and metal companies, with rising expectations of interest rate cuts in the United States boosting global markets.
Japanese Government to Scrap Corporate Tax on Unrealized Crypto Gains
In Japan, the government wants to go ahead with tax reform to scrap payments of taxes on unrealized gains from crypto holdings. This comes following a report that the cabinet approved a revision to the country’s tax regime for digital assets.
Japanese Candlesticks Analysis 26.12.2023 (XAUUSD, NZDUSD, GBPUSD)
Gold has formed a Hanging Man reversal pattern. Currently, the instrument could go by the reversal signal in a descending wave. The correction target might be 2040.00. Upon testing the support, the price could rebound from this level and continue developing the uptrend. However, the price might rise to 2085.00 without any correction.
Japan stocks higher at close of trade; Nikkei 225 up 0.07%
Japan stocks were higher after the close on Tuesday, as gains in the Shipbuilding, Precision Instruments and Rubber sectors led shares higher.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is correcting after a rebound from the upper boundary of the descending channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper boundary of the Cloud at 1.2670 is expected, followed by a rise to 1.2865.
Gold Price Analysis: XAU/USD pulls back from $2,070 as markets hunker down for holidays
XAU/USD briefly tested above $2,070 on Friday before paring back toward the day’s opening bids. With the Federal Reserve’s (Fed) main interest rate at a 22-year high, markets are incredibly eager for the Fed to begin cutting interest rates, and receding US inflation is pinning investor hopes of an accelerated pace of Fed rate cuts in 2024.
Gold marches toward $2,100 amid downbeat US Dollar, cautious optimism
Global markets remain dicey during the year-end holiday season, especially amid a light calendar and off in the UK, Europe, Canada and Switzerland.
Gold Gains on Risk Aversion and Slight Decline in US Dollar Before American Economic Reports
On Thursday, gold prices saw a notable recovery, clawing back much of the losses experienced earlier in the week and stirring interest among investors. Despite this rebound, gold has remained within a well-trodden range as the market’s attention is fixed on potential new drivers that could shape the next significant price movement. Investors are particularly focused on the upcoming release of the US Core Personal Consumption Expenditure (PCE) Price Index. This key inflation indicator, due on Friday, could provide insights into the Federal Reserve’s next moves and is expected to be a critical determinant of gold’s short-term price direction.
EUR in Demand: Overview for December 26, 2023
The EUR/USD pair continues its upward trajectory.
Bitcoin Futures Slide while ETH Redeems Dominance
Bitcoin futures dominance recently declined. It slid to 38% compared to 50% of BTC shares in crypto futures 2 months ago.
The market continues to chase risks The US dollar continued its downward trend yesterday
The market continues to chase risks The US dollar continued its downward trend yesterday
Market Highlights: Post-Holiday Gains, Tech Surges, and Forex Moves
Insights into U.S. Stock Movement, Tech Sector Winners, and Forex Trends
