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TRENDING: US NFP| EURUSD| GBPUSD| XAUUSD| AUDUSD| USDCAD

TRENDING: US NFP| EURUSD| GBPUSD| XAUUSD| AUDUSD| USDCAD
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EUR/USD TRADES WITH MODEST GAINS ABOVE MID-1.0900S AHEAD OF EUROZONE CPI, US NFP

The EUR/USD pair trades with a positive bias for the second successive day on
Friday, albeit lacks follow-through and remains confined in the previous day's
broader trading range. Spot prices hover above mid-1.0900s as traders keenly
await important macro data from the Eurozone and the United States.


RECOMMENDED

 * EUR/USD: Euro could rise towards 1.1000 before pausing




EUR/USD News





GBP/USD RISES TOWARD 1.2700 AHEAD OF US NONFARM PAYROLLS

GBP/USD continues its winning streak for the third successive day, trading
higher around 1.2690 during the early European hours on Friday. The Pound
Sterling gained ground possibly on the improved data released on Thursday from
the United Kingdom (UK). 


GBP/USD News




GOLD PRICE CONSOLIDATES IN A NARROW RANGE ABOVE WEEKLY LOW, US NFP AWAITED

Gold price continues with its struggle to gain any meaningful traction on Friday
and remains confined in a narrow trading band below the $2,050 level heading
into the European session. Traders also seem reluctant to place aggressive bets
ahead of the US monthly jobs report.


Gold News




LITECOIN PRICE RECOVERY OF 10% CRASH LIKELY AS GRAYSCALE PAVES WAY TO CONVERT
LTC TRUST INTO ETF

Litecoin price crashed by a little over 10% on Wednesday following the
Matrixport FUD but that did nothing to the bearishness witnessed by the asset in
2023. Over the past 12 months, LTC noted no major growth.


Read more




NFP PREVIEW: NONFARM PAYROLLS EXPECTED TO GROW BELOW 200K IN DECEMBER FOR THIRD
STRAIGHT MONTH

US Nonfarm Payrolls are forecast to rise by 170K in December after November’s
199K increase. The US jobs report could influence the market pricing of the Fed
rate outlook and the US Dollar valuation. 


Read more




LATEST NEWS


 1.  USD/CHF TRADES HIGHER NEAR 0.8500 AMID IMPROVED US DOLLAR, US LABOR DATA
     AWAITED
     
     By Akhtar Faruqui | 38 minutes ago


 2.  JAPANESE YEN HANGS NEAR TWO-WEEK LOW AGAINST US DOLLAR AHEAD OF US NFP
     REPORT
     
     By Haresh Menghani | 45 minutes ago


 3.  GOLD PRICE CONSOLIDATES IN A NARROW RANGE ABOVE WEEKLY LOW, US NFP AWAITED
     
     By Haresh Menghani | 05:30 GMT


 4.  AUSTRALIAN DOLLAR CONTINUES ITS LOSING STREAK AHEAD OF US NONFARM PAYROLLS
     DATA
     
     By Akhtar Faruqui | 05:04 GMT


 5.  US NFP FORECAST: NONFARM PAYROLLS EXPECTED TO GROW BELOW 200K IN DECEMBER
     FOR THIRD STRAIGHT MONTH
     
     By FXStreet Team | 05:00 GMT


 6.  USD/CAD SURPASSES 1.3350 AS US TREASURY YIELDS IMPROVE, CANADA, US LABOR
     DATA EYED
     
     By Akhtar Faruqui | 04:52 GMT


 7.  FOLLOWING SPOT BITCOIN ETF APPLICANTS, SEC HOLDS MEETINGS WITH NYSE, NASDAQ
     AND OTHER EXCHANGES
     
     By Aaryamann Shrivastava | 04:02 GMT


 8.  WTI IMPROVES TO NEAR $72.70 AFTER RECENT LOSSES ON US GASOLINE INVENTORIES
     
     By Akhtar Faruqui | 03:48 GMT


 9.  CRYPTOCURRENCIES PRICE PREDICTION: BITCOIN, LITECOIN & DYDX — ASIAN WRAP 05
     JANUARY
     
     By FXStreet Team | 02:44 GMT


 10. GBP/USD RISES TOWARD 1.2700 AHEAD OF US NONFARM PAYROLLS
     
     By Akhtar Faruqui | 02:43 GMT


 11. LITECOIN PRICE RECOVERY OF 10% CRASH LIKELY AS GRAYSCALE PAVES WAY TO
     CONVERT LTC TRUST INTO ETF
     
     By Aaryamann Shrivastava | 02:32 GMT


 12. EUR/USD TRADES WITH MODEST GAINS ABOVE MID-1.0900S AHEAD OF EUROZONE CPI,
     US NFP
     
     By Haresh Menghani | 02:26 GMT


 13. DYDX PRICE CRASHES 12% AFTER DYDX AUTO DELEVERAGES PROFITABLE TRADERS
     CLOSING THEIR TRADES
     
     By Lockridge Okoth | 02:00 GMT

More Latest News



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DEEPER DIVE




THREE CALLS FOR COMMODITY MARKETS

Despite more recent weakness in the oil market, a tight balance in the second
half of next year should see prices trade higher. Meanwhile, we expect Europe to
end the 2023/24 winter with comfortable gas storage. 




GLOBAL CENTRAL BANKS FOCUS IN 2024

The central banks and market participants will now shift their attention from
inflation pressures, pivoting to the timing and magnitude of interest rate cuts
in 2024, as global economies are in various stages of a slowdown.




2024 INTERNATIONAL ECONOMIC OUTLOOK

Growth prospects are to be restrained by a U.S. economy likely to experience a
mild recession in mid-2024, recessions in the Eurozone and U.K., as well as a
Chinese economy that is decelerating amid structural challenges.





FXS SIGNALS






TECHNICAL CONFLUENCES DETECTOR




XAU/USD HOLDS GROUND AROUND $2,040 PREMIUM

XAU/USD trades little changed in the $2,040 area on Thursday, trimming early
gains in the American session. The US Dollar came under mild pressure late
Wednesday, pressured by mixed United States (US) data and the FOMC Meeting
Minutes. The Federal Reserve (Fed) met in mid-December, and Chair Jerome Powell
said policymakers put rate cuts on the table. Still, the Minutes provide no
clues on when the Fed plans to proceed but only mention it's possible in 2024.

Meanwhile, the US published the ADP survey on private job creation. The report
showed 164K new positions were added, much more than the 115K anticipated by
market players. The document also showed that the labor market is very much
"aligned with pre-pandemic hiring," somehow signaling a more stable situation.
On Friday, the US will publish the monthly Nonfarm Payrolls (NFP) report, which
is expected to show the economy added 170K new jobs in September.


Read full report

Go to the Tool Page








CRYPTOCURRENCIES





BITCOIN PRICE RECLAIMS ABOVE $44,000: SPOT BITCOIN ETF UPDATES AS WINDOW FOR
APPROVAL OPENS

Bitcoin price has reclaimed the $44,000 psychological level. It holds above the
midline of the weekly supply barrier at $43,860, though not decisively. By and
large, there is still no directional bias as the market exercises caution.


More Bitcoin News



LITECOIN PRICE RECOVERY OF 10% CRASH LIKELY AS GRAYSCALE PAVES WAY TO CONVERT
LTC TRUST INTO ETF

Litecoin price crashed by a little over 10% on Wednesday following the
Matrixport FUD but that did nothing to the bearishness witnessed by the asset in
2023. Over the past 12 months, LTC noted no major growth.


More Litecoin News




RIPPLE PRICE LIKELY TO BOUNCE 20% AS BALANCE RESTORES IN THE XRP MARKET

Ripple recorded a massive dip during the Wednesday trading session, but this has
turned out to be a healthy correction as it saw the payments token fill an
imbalance in the XRP market. Now, the upside potential may come to fruition.


More Ripple News



DYDX PRICE CRASHES 12% AFTER DYDX AUTO DELEVERAGES PROFITABLE TRADERS CLOSING
THEIR TRADES

dYdX (DYDX) price suffered a double hit on Wednesday when the market crashed
over the Matrixport report suggesting the denial of the
spot Bitcoin exchange-traded funds (ETFs) by the US Securities and Exchange
Commission. 


More DYDX News




THE STOCK OF THE DAY




DOW JONES: DECLINING INTEREST RATES SHOULD KEEP STOCKS AT ALL-TIME HIGHS IN 2024

Dow Jones Industrial Average reached all-time high in December 2023, up more
than 12% YTD, while S&P 500, NASDAQ Composite add 23% and 42%, respectively.
Expectations for 2024 rely on the Federal Reserve cutting interest rates by a
minimum of 75 basis points, ushering in higher asset prices.







ECONOMIC CALENDAR


GMT
Event
Vol.
Actual
Consensus
Previous
Thursday, Jan 04 23:50
JPY Monetary Base (YoY)

8.0%
9.0%
8.9%
Friday, Jan 05 00:30
JPY Jibun Bank Services PMI

51.5

52.0
05:00
JPY Consumer Confidence Index

37.2

36.1
07:00
EUR Retail Sales (MoM)


-0.1%
1.1%
07:00
EUR Retail Sales (YoY)


-0.5%
-0.1%
07:00
GBP Halifax House Prices (MoM)



0.5%
07:00
GBP Halifax House Prices (YoY/3m)



-1%
09:00
EUR Public Deficit/GDP



5.4%
09:30
GBP S&P Global/CIPS Construction PMI


46.0
45.5
10:00
EUR Core Harmonized Index of Consumer Prices (MoM)



-0.6%
10:00
EUR Harmonized Index of Consumer Prices (YoY)


3.0%
2.4%
10:00
EUR Harmonized Index of Consumer Prices (MoM)



-0.6%
10:00
EUR Core Harmonized Index of Consumer Prices (YoY)


3.5%
3.6%




REAL-TIME RATES



Customize your rates







WEEKLY FORECAST




EUR/USD: VESTIGES OF NORMALITY IN 2024 AS CENTRAL BANKS PARE MASSIVE TIGHTENING
PREMIUM

If 2023 could be described with one word, that would be "sentiment". Through the
last four years, the world has become a different one, and so have investors’
mindsets. As this year ends, some vestiges of normality are peeping in the near
future, although the road is still long.


Read full analysis



GBP/USD: WILL POLITICS AND POLICY SPOIL THE POUND STERLING PARTY IN 2024?
PREMIUM

Setting out to analyze the GBP/USD price outlook for 2024, there are plenty of
unknowns and looming uncertainties that make it difficult to convincingly
predict the course of the Pound Sterling against the US Dollar (USD) in the year
ahead. 


Read full analysis



GOLD: CAN XAU/USD PRESERVE BULLISH MOMENTUM IN 2024? PREMIUM

Following the rally seen in the fourth quarter of 2022, Gold price continued to
push higher to start 2023. After registering impressive gains in March, XAU/USD
corrected lower in the third quarter before setting a new record high above
$2,100 early December.


Read full analysis




BITCOIN: BTC READIES FOR HOME RUN IN 2024 WITH TWO BULLISH FUNDAMENTALS ON TAP

Bitcoin (BTC) price has been bullish in 2023, scaling up as it tried to plough
back the ground lost following the Terra (UST) and FTX crashes of the preceding
year. The trajectory took shape in spite of it being an eventful year, with BTC
riding the wave of macroeconomic as well as industry-related developments.


Read full analysis



USD/JPY: LESS DIVERGENCE IN MONETARY POLICY SHOULD BENEFIT THE YEN PREMIUM

The USD had a mixed performance during 2023, supported mainly by the robust US
economy and limited by the rally on Wall Street. On the other hand, the Japanese
Yen (JPY) went from verbal intervention aimed at limiting its depreciation to
rally on every speculation and rumor regarding a potential shift in the
BoJ ultra-loose monetary policy. 


Read full analysis



MEXICAN PESO: WHICH FACTOR WOULD IMPACT MOST IN 2024, ECONOMICS OR POLITICS?

The USD/MXN began the year near the highs for 2023, extending the downtrend that
started in April 2020 for the third consecutive year. In January, the exotic
pair traded sideways before sliding towards its monthly low at around 18.56, but
it rallied toward its second-highest level reached during the year at 19.29. 


Read full analysis





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