Previous Trading Days Events 26 Dec 2023

Winners vs Losers

Gold is still on top for this week with 0.66 gains. AUDUSD remains the top performer for this month with 3.42 gains. 

News Reports Monitor Previous Trading Day 26 Dec 2023

Server Time Timezone EEST UTC 0200

Midnight Night Session Asian

Japans jobless rate remained unchanged at 2.5. Bank of Japan Governor Kazuo Ueda noted in a speech recently that labour conditions have tightened relative to last year, helping to support wage growth and spur workplace efficiency. There was no notable impact on the JPY at the time of the release.

At 700, the yearly core inflation figure was reported lower than expected 2.7 versus 3. This supports the evidence that Japans inflation is cooling significantly, good news that supports their current policy. The central bank might scrap its negative interest rate in January and wait until April to abandon its control of bond yields. The report release had no major impact in the market at that time.

MorningDay Session European and N. American Session

No important news announcements, no special scheduled releases.

General Verdict

No major movement is expected due to the absence of scheduled releases and market participants. The dollar is weakening significantly with the dollar index ready to test lower support levels.
Gold moved to the upside further but Silver remained low.
Crude climbed higher significantly as it shows high volatility and is expected to…