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!
Friday’s data releases, particularly the US PCE price index, are likely to drive movement in all three currencies. Stay tuned for updates and potential shifts in market sentiment.
EURUSD has more upside potential in the short term due to hawkish ECB and bullish market expectations. GBPUSD remains highly dependent on relative US and UK economic performance. Both trades require active risk management and close monitoring of economic developments
Long for BTC, ETH, Oil, Gold; short for XRP. Here are the details for today’s analysis!
