MHMarkets:US employers expect to reduce recruitment in 2024, which is expected to constrain wage growth and ease inflationary pressures.
Abstract：On Thursday (December 28), a survey by several regional Federal Reserve banks, including New York and Dallas, showed that US employers are expected to reduce recruitment in 2024, which is expected to constrain wage growth and ease inflationary pressures.
On Thursday (December 28), a survey by several regional Federal Reserve banks, including New York and Dallas, showed that US employers are expected to reduce recruitment in 2024, which is expected to constrain wage growth and ease inflationary pressures. This result means a slowdown in employment, but not a direct contraction. These survey results will be released before the government's monthly employment report next week. After the US dollar index was suppressed above yesterday, market prices quickly fell and broke through multiple support levels. At the opening of the Asian market today, the US dollar index slightly adjusted, with the current price around 100.86. Gold accelerated its rise during the US market session yesterday and broke through multiple resistance levels consecutively. Currently, there has been no weak performance in gold. At the opening of the Asian market today, gold continued to rise and reached a new high, with the current price around 2085.13. Recently, due to the impact of the Red Sea situation, the price of US crude oil has continued to rise. Yesterday, the overall correction and consolidation occurred, and it closed near the intraday low. At the opening of the Asian market today, US crude oil saw a slight correction and volatility, with the current price around 74.19. After receiving support below yesterday, EURUSD rose significantly in the market and broke through multiple resistance levels in a row, ultimately closing near the intraday high. When the Asian market opened today, EURUSD rose first and then fell, with the current price around 1.1110. BOJ Governor Kazuo Ueda stated in an interview with public broadcaster NHK that the BOJ can make policy judgments before all salary data for small and medium-sized enterprises is released. USDJPY fell sharply in the market yesterday after being suppressed above and continuously broke through multiple support levels, ultimately closing near the intraday low. At the opening of the Asian market today, USDJPY continued to decline, with the current price around 141.17.
MHMarkets strategy is only for reference and not for investment advice. Please carefully read the statement at the end of the text. The following strategy will be updated at 15:00 on December 28, Beijing time.
| Gold XAUUSD· | |
| Resistance | 2090.39 – 2100 – 2120.85 |
| Support | 2076.42 – 2061.45 – 2054.30 |
 | |
| Crude Oil USOUSD· | |
| Resistance | 75.06 – 76.22 – 76.76 |
| Support | 73.18 – 72.47 – 72.14 |
 | |
| EURUSD· | |
| Resistance | 1.1150 - 1.1188 - 1.1230 |
| Support | 1.1096 - 1.1065 - 1.1027 |
 | |
| GBPUSD· | |
| Resistance | 1.2817 – 1.2839 – 1.2866 |
| Support | 1.2785 - 1.2762 – 1.2698 |
 | |
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