Powered by
Markets are in limbo. Christmas festivities are giving way to New Year celebrations and traders are in no hurry to return to their desks. Just as last week, much of the current will be occupied by market closures and low-liquidity conditions.
International markets were predictably subdued over the Christmas period. Currencies had almost nothing to offer; the Dollar stayed strong but did not venture any further to the upside; the DXY remains around 108. The Greenback will be one of the major talking points as we move into 2025. Its resurgence over the past three months has been impressive to say the least – how long can the aggressive push be sustained? A strong Dollar extends far beyond mere currency trading; it affects financial markets in general and factors into the developing geopolitical landscape. With Donald Trump’s inauguration a mere three weeks away, there is no world in which the Dollar does not take centre stage.
Gold wrapped up one of the most boring weeks it has had in a long time. The precious metal barely moved out of a $30 trading range all week, leaving behind an entirely unimpressive weekly candle. Gold is still over $100 down from the US election, illustrating the shift in sentiment towards the safe-haven narrative. If the incoming administration can indeed muster an aura of implacability, then flights to precious metals may potentially become less appealing.
The economic calendar is looking as cold and gloomy as the weather outside, at least for those of us in the northern hemisphere. Bleak promises of manufacturing PMIs are the only thing on the menu for us wretched souls this week, starting with China tomorrow then Europe and America on Thursday.
คำเตือนความเสี่ยง : การซื้อขายตราสารอนุพันธ์และผลิตภัณฑ์ที่มีเลเวอเรจมีความเสี่ยงสูง
เปิดบัญชี
