MHMarkets:December 28, 2023,--Fundamental Reminder
On Wednesday, the dollar index in the US trading session accelerated downward, and fell below the 101 mark, hit a new low in July this year, and ultimately closed down 0.6% at 100.94; US bond yields plummeted, 10-year US bond yields fell below the 3.8% mark, and ultimately closed at 3.789%; on the Fed's policy rate is more sensitive to the yield of two-year U.S. bonds closed at 4.240%.
The yield of US long-term treasury bond bonds fell. The US dollar continued to fall yesterday Gold prices hit a three week high with four consecutive bullish days
The yield of US long-term treasury bond bonds fell. The US dollar continued to fall yesterday Gold prices hit a three week high with four consecutive bullish days
Daily Market Report - December 28, 2023: Stocks Rise Modestly, Cryptos Soar, and Forex Dynamics Unfold
Insights into Stock Market Performance, Cryptocurrency Trends, and Forex Movements
WCG Markets:2023-12-28
WCG Markets:2023-12-28
12/27 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
The Central Bank of Nigeria Unbans Banks from Facilitating Digital Asset Transactions
Nigeria’s apex bank has unbanned Nigerian banks from facilitating crypto transactions after almost two years of enforcing a ban on their engagement with digital currencies. A few days ago, the Central Bank of Nigeria (CBN) sent a circular to banks, recognizing that the rise in global demand and adoption of crypto requires removal of the restrictions placed on financial institutions.
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.