Analysis

Happy new year, fellow traders! Ready to start 2024 with a bang? Here’s a roundup of the top-tier market catalysts to watch out for and what market players are expecting.

Crystal ball time! What’s brewing for the major currencies in 2024?

In our final strategy talks for 2023, it was an arguably net effective week with 3 out of 3 directional biases playing out in USD/JPY, GBP/AUD, & Gold!

JPY & USD were the biggest losers this thanks to central bank sentiment and outlook, supported by the latest BOJ monetary policy statement & a busy U.S. calendar. 

Anti-Dollar & risk-on vibes played out across the financial markets, likely a continuation of themes driven by recent less hawkish central bank statements.

Will the upcoming U.S. Core PCE Price Index get markets moving, and finally bring in enough bulls to break a bullish chart setup on Gold (XAU/USD)?

Will the latest U.K. CPI data be the catalyst that Sterling bears have been looking for to break the floor on GBP/AUD?

U.S. Core PCE Price Index is coming & it tends to be a solid short-term USD mover. Here’s our scouting report if you’re planning on tackling it on Friday!

The BOJ is about to give their last monetary policy statement & if recent price action in an indication of anything, it’s that USD/JPY could get wild this week!

Take a moment to catch up on U.K. CPI expectations and explore if the impending release could influence sentiment on the BOE’s policy trajectory.

We’ve got a couple more major central banks scheduled to make their rate statements this week, plus a fresh batch of inflation readings and consumer spending data!

Our FX strategists discussed more short-term scenarios, with arguably 3 out of 4 discussions being helpful with navigating a challenging environment.

Monetary policy statements from 4 central banks brought the action for forex traders this week, including the Fed who sparked a lousy week for USD bulls!

All eyes were on the FOMC this week who signaled the possibility of rate cuts next year, slamming USD & bond yields deep into the red for the week.

The ECB is up in a few hours! Will today’s event lead to EUR/CAD extending its short-term uptrend?

AUD/NZD is knocking on December’s range resistance! Will we see a breakout today?

Before the year comes to a close, the Bank of England will make its final monetary policy statement of 2023. What’s expected this time?

EUR/GBP is testing the top of its December range! Will today’s U.K. data release finally push EUR/GBP out of its consolidation?

The last FOMC statement of 2023 is next! Here are major points & data you need to catch up on if you plan on taking risk around the event!

GBP/JPY has risen by hundreds of pips since hitting new monthly lows last week. Are we looking at a pullback opportunity? Or was last week’s downswing just a fluke?