Gold faces key test at year-end, bulls need to hold above 2069.90 for upside potential. EUR/USD in correction phase, key levels to watch 1.1080 and 1.1120 for direction. GBP/USD expected to fall further before resuming bullish trend, technical correction awaited.

The Japanese yen is gaining momentum on the back of mixed economic data and potential policy changes by the BoJ. The market is closely watching central bank decisions and data releases in both Japan and the US for further direction.

AUD/USD and EUR/USD inch lower as traders await key data releases next week. Mixed sentiment across major currencies as China and eurozone inflation figures take center stage. Risk appetite weighs on major currencies ahead of economic data from China and the eurozone.

For December 28, 2023: Major pairs exhibit mixed movements with potential for both bullish and bearish scenarios.

The euro is on a tear, bolstered by dovish Fed signals and a risk-on mood, while the Swiss franc maintains its strength after a year of intervention. Both currencies face potential clashes between market expectations and central bank stances in the coming year.

Here are the market forecast for major cryptocurrencies this December 27-28, 2023.

Here are the hottest markets to watch in December 26-27, 2023.

Canadian loonie wins again, bagging a second straight week of gains despite flat GDP. US inflation cools, potentially paving the way for Fed cuts, boosting the loonie further. UK pound takes a breather on holiday with mixed economic signals. BoE likely sticking to “higher for longer” rates despite recession risk.

The Euro is benefiting from a risk-on sentiment and anticipation of central bank easing, while the Yen is holding steady despite hints of a future policy change by the BoJ.

Holiday cheer? More like trading fear! December’s thin markets & wild swings test even the bravest. Opportunities abound, but tread lightly. Choose rest or risk, just manage it well. Festive spirit, wise decisions, happy trades! Wishing you a season of peace, good health, and continued success in the New Year. Thank you for being a part of our journey. Merry Christmas!