Weekly Forecast Video on Forex, BTCUSD, XAUUSD
Stay ahead in the markets with our detailed analysis of gold and forex trade setups for this upcoming week, Dec 30 to Jan 03.
XAUUSD – Market Hesitation Keeps Gold Under Pressure Despite Rising Geopolitical Risks
Gold, often seen as a beacon of safety in turbulent times, is facing an interesting paradox. Despite strong safe-haven demand fueled by geopolitical tensions and economic uncertainties, its prices have edged lower. If you’re curious about the reasons behind this intriguing situation, you’re in the right place! Let’s dive deep into the factors shaping the market and explore what’s influencing gold’s movements.
XAUUSD is moving in an uptrend channel
Why Gold Is Considered a Safe Haven
Gold’s Timeless Appeal
Gold has been a preferred asset for centuries, and it’s no mystery why. It doesn’t lose its value like paper currency or digital assets during turbulent times. In moments of economic uncertainty, geopolitical instability, or inflation fears, gold shines as a reliable store of value.
How Gold Reacts to Market Trends
Unlike stocks or bonds, gold doesn’t yield interest or dividends, but its appeal grows when traditional financial instruments falter. Investors flock to gold to preserve their wealth when the global economy wobbles or geopolitical risks rise. However, even the timeless allure of gold isn’t immune to external pressures.
Gold Faces Headwinds: What’s Keeping Prices Down?
A Strong US Dollar
One of the major factors impacting gold is the strength of the US Dollar. Gold is priced in dollars, so when the greenback gains value, gold becomes more expensive for holders of other currencies. This dampens demand and puts downward pressure on prices.
The US Dollar Index (DXY), which measures the dollar’s strength against a basket of major currencies, has recently climbed to impressive levels. While this bodes well for the US currency, it’s a headwind for commodities like gold.
Subdued Bond Yields
Another element in the mix is US Treasury bond yields. These yields are closely watched by investors as they provide insight into the cost of borrowing and the health of the economy. While bond yields remain subdued, they haven’t been enough to lift gold’s appeal significantly.
The Role of Geopolitical Tensions
Heightened Global Unrest
Geopolitical tensions are a major driver of safe-haven demand for gold. Ongoing conflicts, including the Russia-Ukraine war and tensions in the Middle East, have created an environment of uncertainty. Events such as recent airstrikes in Gaza and assassination plots in Moscow have only added to the global anxiety.
These developments usually drive investors toward gold. However, the simultaneous strengthening of the US Dollar and market anticipation around economic signals from the United States are keeping prices in check.
Central Bank Purchases
A notable trend in recent years has been the significant increase in gold purchases by central banks worldwide. This year, central banks have accumulated record amounts of gold, reflecting their desire to diversify reserves away from the US Dollar. These purchases are part of a broader strategy to hedge against geopolitical and economic risks.
XAUUSD is moving in an Ascending channel, and the market has reached the higher low area of the channel
Economic Signals and Market Sentiment
Fed’s Rate Outlook
One of the most closely watched elements influencing gold prices is the Federal Reserve’s monetary policy. While recent data points to moderate inflation, the Fed has signaled a cautious approach toward future rate cuts. This stance introduces uncertainty into the market, making traders hesitant to push gold prices higher.
Economic Transitions Under New Administration
The incoming administration in the United States also plays a significant role in shaping market sentiment. Investors are keeping a close eye on potential policy changes that could impact economic growth, inflation, and the strength of the US Dollar. These factors collectively influence gold’s trajectory.
Final Thoughts: Gold’s Balancing Act
Gold remains a fascinating asset, standing at the crossroads of tradition and market dynamics. Its price movements reflect a delicate balancing act between safe-haven demand, geopolitical tensions, and economic indicators. While current pressures like a strong US Dollar and cautious Federal Reserve policies are keeping gold in check, the long-term appeal of this precious metal remains unshaken.
For those considering investing in gold, it’s essential to understand that prices are influenced by a mix of global events and economic trends. Whether you’re an experienced investor or just starting out, keeping an eye on these factors can help you make informed decisions in this ever-evolving market.
EURUSD – EUR/USD Climbs in Quiet Markets as Greenback Softens
In a quiet day of trading, the EUR/USD currency pair edged higher, with thin volume playing a significant role. While the pair moved toward 1.0430, its overall trajectory remains under pressure due to the US Dollar’s continued strength. Let’s dive deeper into what’s shaping the Euro and the US Dollar, what investors are anticipating, and the broader economic factors in play.
EURUSD is moving in a descending channel, and the market has fallen from the lower high area of the channel
What’s Driving the EUR/USD Movement?
The EUR/USD pair often reflects the tug-of-war between the Eurozone and US economies. Here’s what’s happening on both sides of the Atlantic:
The Eurozone’s Economic Landscape
The European Central Bank (ECB) has been actively trying to combat inflation while maintaining economic stability. Investors are speculating that the ECB might continue reducing its Deposit Facility Rate throughout next year. A potential 100 basis points (bps) cut in 2024 could be on the table as inflationary pressures in the Eurozone moderate.
ECB President Christine Lagarde has expressed cautious optimism about bringing inflation closer to the central bank’s 2% medium-term target. However, she has also warned about inflation risks in the services sector, signaling that the ECB’s vigilance is far from over. Policymakers seem to align on the need for consistent interest rate adjustments to balance inflation control and economic growth.
US Dollar Strength and the Fed’s Path Forward
Across the Atlantic, the US Dollar remains a dominant force. The Federal Reserve’s gradual approach to monetary policy has kept the Greenback resilient. Despite some cooling inflation trends, recent Fed projections suggest interest rates might not decline as aggressively as once anticipated. Policymakers are eyeing two potential rate cuts next year, compared to earlier predictions of four cuts.
Adding to this dynamic is the robust performance of the US labor market. Recent data shows a surprising drop in Initial Jobless Claims to 219,000, signaling resilience in employment despite broader economic uncertainty.
Key Economic Indicators to Watch
When it comes to the EUR/USD pair, both macroeconomic data and central bank actions play critical roles. Let’s break down some of the recent developments shaping market sentiment:
US Labor Market Resilience
The US labor market continues to defy expectations. Initial Jobless Claims for the week ending December 20 came in lower than forecast, a sign that fewer Americans are seeking unemployment benefits. While economists expected claims to hit 224,000, the actual figure of 219,000 suggests ongoing strength in the job market.
This robust labor data gives the Federal Reserve more room to maintain its cautious policy stance, as a tight labor market can support gradual monetary tightening or slower easing.
ECB’s Interest Rate Strategy
On the Eurozone side, the ECB is in a different phase of monetary policy. Having already reduced its Deposit Facility Rate by 100 bps this year, the ECB appears set to cut rates further in 2024. This aligns with its goal of managing inflation while fostering economic recovery.
Lagarde’s recent comments hint at a balanced but vigilant approach: achieving disinflation without letting inflation undershoot the target. This nuanced strategy reflects the ECB’s focus on maintaining a neutral interest rate, around 2%, as the baseline for economic stability.
EURUSD is moving in an Ascending channel
Why the EUR/USD Outlook Remains Cautious
Even with short-term gains, the EUR/USD outlook remains subdued. A stronger US Dollar, coupled with the Eurozone’s ongoing economic adjustments, creates a challenging environment for the pair. Let’s explore the underlying reasons:
US Dollar’s Continued Dominance
The US Dollar Index (DXY), which measures the dollar against a basket of six major currencies, remains resilient. Though the DXY faced slight pressures recently, its overall strength reflects investor confidence in the US economy. Expectations of moderate Fed easing rather than aggressive rate cuts further bolster the Dollar’s position.
Eurozone’s Growth Challenges
In contrast, the Eurozone faces hurdles such as slower growth and inflation risks in specific sectors. While the ECB’s proactive monetary policy has helped stabilize inflation, the region still grapples with uncertainties in services and other key industries. This keeps the Euro under pressure, limiting its ability to capitalize on broader market trends.
Final Thoughts: What to Expect Moving Forward
As we move into 2024, the EUR/USD pair will likely continue its dance between short-term fluctuations and long-term trends. Here’s what traders and investors should keep in mind:
- Central Bank Policies: Keep a close watch on updates from the ECB and the Fed. Their decisions on interest rates and inflation targets will significantly influence the pair’s movement.
- Economic Indicators: Pay attention to labor market data, inflation trends, and GDP growth figures from both regions. These metrics provide valuable insights into each economy’s health and trajectory.
- Market Sentiment: Thin trading volumes, as seen during the holiday season, can lead to sudden price swings. However, such movements might not always reflect broader trends, so it’s essential to analyze the underlying drivers.
In summary, while the EUR/USD pair has shown some upward momentum, the broader outlook remains clouded by diverging economic conditions in the Eurozone and the US. Whether you’re a seasoned trader or just keeping tabs on currency markets, staying informed and adaptable will be your best tools in navigating the ever-changing forex landscape.
USDJPY – BoJ Rate Hike on the Horizon? Tokyo CPI Data Fuels Yen’s Resilience
The Japanese Yen has been making waves lately, grabbing attention as it appreciated significantly after the release of Tokyo’s Consumer Price Index (CPI) data for December. This data isn’t just numbers—it’s a reflection of Japan’s evolving economic landscape. In this article, we’ll dive into the factors that drove this appreciation, explore the broader implications of inflation data, and look at how central bank policies are shaping the future of currencies like the Yen.
USDJPY is moving in the Ascending channel
Why the Tokyo CPI Data Matters
When Tokyo’s Consumer Price Index (CPI) figures come out, they’re more than just statistics—they offer a sneak peek into Japan’s inflationary trends and the economic forces at play. In December, the Tokyo CPI reported a year-on-year increase of 3.0%, a jump from November’s 2.6%. Such a rise underscores growing price pressures in Japan’s economy, which had long battled deflationary challenges.
Understanding Inflation’s Role
Inflation plays a key role in determining a currency’s value. Higher inflation often leads to speculation that central banks might tighten monetary policies, like raising interest rates, to keep inflation in check. This expectation can make a currency more appealing to investors, which is exactly what happened with the Japanese Yen.
The Bank of Japan’s Evolving Stance
One of the biggest questions on everyone’s mind is how the Bank of Japan (BoJ) will respond to this inflationary trend. Historically, the BoJ has maintained ultra-loose monetary policies to stimulate the economy, but recent developments suggest a potential shift.
Key Highlights from the BoJ’s Recent Meetings
The BoJ’s December monetary policy meeting brought some intriguing insights. According to the Summary of Opinions:
- Some board members advocated for the possibility of adjusting easing measures, provided economic conditions meet expectations.
- There was an emphasis on monitoring wage negotiations, as wage growth is often a key driver of sustained inflation.
With inflation moving closer to the BoJ’s 2% target, Governor Kazuo Ueda hinted at a possible review of the current accommodative policies. However, the pace and timing of these changes remain dependent on Japan’s economic performance and global uncertainties.
Why Wage Growth Matters
Wage-driven inflation is a more sustainable form of economic growth. If workers earn more, they tend to spend more, driving up demand and prices organically. This contrasts with inflation driven purely by external factors like rising import costs.
How the Yen Stacks Up Against the US Dollar
The Japanese Yen’s appreciation wasn’t just about domestic data—it also intersected with developments in the United States. The US Dollar has been a dominant force in global markets, but its trajectory is increasingly influenced by Federal Reserve policies and broader economic data.
The Federal Reserve’s Rate Cuts in Perspective
The Federal Reserve (Fed) recently reduced its rate cut projections for 2025, signaling a more cautious approach to monetary easing. While fewer rate cuts generally support the US Dollar, moderate US inflation data and subdued Treasury yields have tempered its strength. This dynamic has opened a window for the Yen to shine.
The Bigger Picture: Japan’s Economic Outlook
Japan is navigating a complex economic environment. Rising inflation, shifting monetary policies, and global uncertainties are shaping its outlook. Here’s a closer look at some of the major factors influencing its economic trajectory:
1. Domestic Economic Growth
Japan’s economy has been striving for steady growth, with the government introducing measures to boost spending and counter deflationary pressures. However, challenges remain, especially as global economic headwinds threaten to slow down trade and investment.
USDJPY is moving in an uptrend channel, and the market has reached the higher low area of the channel
2. Global Economic Uncertainties
The global economic landscape is fraught with uncertainties—from geopolitical tensions to fluctuating commodity prices. These factors can significantly impact Japan, given its heavy reliance on exports and imported energy resources.
3. Exchange Rate Sensitivity
Japan’s Finance Ministry recently flagged concerns about sharp foreign exchange movements. Such fluctuations can affect trade competitiveness, making it crucial for policymakers to maintain a balanced approach.
The Road Ahead for the Japanese Yen
The future of the Japanese Yen depends on several moving parts, from inflation trends to central bank decisions. Here’s what we can expect in the coming months:
- Potential BoJ Policy Shifts: If inflation continues to rise, the BoJ may gradually tighten its monetary stance, which could further support the Yen.
- Global Factors: The Yen’s performance will also hinge on developments in global markets, particularly the trajectory of the US Dollar and other major currencies.
- Investor Sentiment: As always, market sentiment plays a big role. The Yen often serves as a “safe-haven” currency, gaining appeal during times of uncertainty.
A Quick Recap
Let’s break down the key takeaways:
- Tokyo’s December CPI data showed a significant rise, reflecting growing inflationary pressures.
- The Bank of Japan is signaling a possible shift in its long-standing accommodative policies, depending on economic conditions.
- The Japanese Yen is benefiting from these domestic factors and a comparatively weaker US Dollar environment.
Final Thoughts
The Japanese Yen’s recent appreciation highlights the intricate dance between inflation data, central bank policies, and global economic forces. For anyone keeping an eye on the forex markets, it’s a reminder of how quickly the narrative can shift. While the path ahead for the Yen is filled with uncertainties, one thing is clear—it’s a currency worth watching as Japan’s economy navigates these transformative times. So, stay tuned, and keep your eyes peeled for the next big update!
GBPUSD – Why the Pound Is Strengthening Even as BoE Dovish Expectations Grow
The Pound Sterling (GBP) has been making waves lately, rising against its major counterparts despite an air of uncertainty around future monetary policy moves by the Bank of England (BoE). If you’re wondering what’s driving this shift, you’re in the right place. Let’s dive into the key factors behind the Pound’s recent rally, explore the role of the BoE, and examine the broader economic context.
GBPUSD is moving in a descending channel, and the market has fallen from the lower high area of the channel
The Bank of England’s Approach: A Gradual Path Ahead
The Bank of England is at the center of the Pound’s movement, and traders are paying close attention to its signals. While the BoE has chosen to keep interest rates on hold in its latest policy meeting, the voting pattern among its Monetary Policy Committee (MPC) has sparked significant speculation. A split decision, with six members voting to maintain rates and three favoring cuts, suggests that a policy easing cycle may be on the horizon in 2025.
Why This Matters
The possibility of future interest rate cuts signals a shift in the economic outlook. Markets are currently pricing in at least two rate cuts of 25 basis points (bps) next year. While this hints at a more accommodative stance, BoE Governor Andrew Bailey has remained cautious. He has refrained from providing a clear-cut easing strategy, pointing to the uncertainties clouding the UK economy.
Why Is the Pound Rising Despite Dovish Signals?
You might think the anticipation of rate cuts would weigh down the Pound, but that’s not the full story. Here’s why the GBP is holding its ground—and even gaining:
Investor Confidence in the UK Economy
Even with potential rate cuts on the table, investors seem to believe in the resilience of the UK economy. Recent BoE decisions and the overall stability in the monetary framework have contributed to this confidence.
Comparative Outlook with the US Dollar
The Pound’s rise is also linked to movements in the US Dollar (USD). The USD has been showing mixed performance, which indirectly benefits the GBP. For instance, the US Dollar Index (DXY) recently edged lower, reflecting softer demand for the currency in thin holiday trading conditions.
The US Economic Landscape: What It Means for the GBP/USD Pair
The US economy, with its own set of dynamics, plays a crucial role in shaping the GBP/USD exchange rate. Recent data from the US sheds light on the Dollar’s movements and provides clues about its near-term trajectory.
Labor Market Resilience
The US labor market continues to show strength, as evidenced by Initial Jobless Claims falling to 219,000 in the latest report. This unexpected dip highlights robust employment conditions, which are often linked to economic stability.
Inflationary Pressures Persist
Inflation in the US has proven stubborn, keeping the Federal Reserve (Fed) cautious about cutting rates too quickly. While the Fed has hinted at fewer rate cuts in 2025 than initially expected, this restrained approach contrasts with the market’s growing anticipation of BoE cuts. This divergence in policy expectations creates room for the GBP to strengthen against the USD.
Factors Supporting the Pound Sterling’s Rally
Economic Stability in the UK
Despite concerns over potential policy easing, the UK economy shows signs of resilience. Investors are betting that the BoE’s measured approach will avoid economic shocks while ensuring steady growth.
Weaker USD Performance
The Pound’s gains are not entirely about its own strength. The USD’s temporary softness, influenced by holiday trading volumes and mixed economic data, has given the GBP an edge.
Market Sentiment
Market sentiment can be a game-changer. The Pound has benefited from optimistic investor sentiment, with many betting on the UK’s ability to navigate future challenges effectively.
GBPUSD is moving in a box pattern
What to Watch for in the Coming Weeks
While the Pound has been climbing, the journey ahead depends on several factors. Keep an eye on these key developments:
Policy Updates from the BoE
The BoE’s next moves will be critical. Any indication of a clearer easing path or economic projections could sway the market.
US Economic Data
Upcoming US data, particularly revisions to December’s manufacturing PMI figures, could influence the GBP/USD pair. Strong US data might bolster the Dollar, potentially capping the Pound’s gains.
Global Market Trends
Broader market trends, such as shifts in risk appetite or geopolitical developments, can also impact currency movements. Staying updated on these factors is essential for understanding the bigger picture.
The Bottom Line: What Does This Mean for You?
If you’re a trader, investor, or just someone curious about currency markets, the recent movements in the Pound Sterling offer valuable lessons. They highlight how central bank policies, economic data, and market sentiment intersect to shape currency dynamics. The Pound’s rise, despite dovish signals from the BoE, underscores the importance of looking beyond headlines and considering the broader context.
The coming months will likely bring more clarity as central banks refine their strategies and new economic data emerges. Whether you’re watching the GBP/USD pair or the Pound’s performance against other currencies, staying informed and adaptable will be your greatest assets.
Remember, the currency market is as much about perception as it is about reality, and right now, the Pound seems to be striking the right chord with investors.
USDCAD – Canadian Dollar Falters, Fails to Recover by Week’s End
The Canadian Dollar, affectionately known as the “Loonie,” has been under significant pressure recently. With limited economic data releases and global market shifts, many are left wondering what’s in store for this currency. Let’s dive deep into the factors influencing the Loonie, its current struggles, and what could lie ahead for traders and the economy in 2025.
USDCAD is moving in a box pattern, and the market has fallen from the resistance area of the pattern
The Canadian Dollar’s Recent Struggles
The Loonie has been finding it tough to gain traction against its counterparts, especially the US Dollar. As markets inch closer to the new year, the Canadian Dollar has been stuck near multi-year lows. This isn’t just a temporary blip; there are several contributing factors to this downward trend.
Holiday Slowdown Impact
With the recent holiday season, trading volumes have been notably low. The Christmas holiday midweek closure disrupted regular trading patterns, and now, traders are gearing up for another slowdown with the upcoming New Year’s midweek holiday. Reduced market activity means fewer opportunities for the Loonie to recover lost ground.
The Lack of Economic Data
One of the most glaring challenges for the Canadian Dollar right now is the absence of fresh economic data. Without new insights into Canada’s economic performance, traders are left without guidance, making it harder for the currency to gain momentum. This “data drought” adds to the uncertainty, leaving the Loonie in a precarious position.
Why the Policy Rate Divergence Matters
One of the most significant drivers of currency strength is interest rate policies. Central banks play a crucial role in setting the tone for their respective currencies, and for the Canadian Dollar, the divergence in policy rates is proving to be a major headwind.
Bank of Canada’s Approach
The Bank of Canada (BoC) has been adopting a more dovish stance, with expectations of easing rates further. This approach, aimed at supporting domestic economic growth, makes the Canadian Dollar less attractive to investors seeking higher returns.
The Federal Reserve’s Stance
On the other hand, the US Federal Reserve has indicated a slower pace of rate cuts heading into 2025. This relatively hawkish stance makes the US Dollar more appealing, further pressuring the Canadian Dollar. The growing gap between the two central banks’ policies is creating a significant challenge for the Loonie to compete on the global stage.
What This Means for the Loonie
The policy rate divergence has made the Canadian Dollar less competitive. Investors often flock to currencies with higher yields, and with the BoC’s dovish stance, the Loonie finds itself at a disadvantage. This trend is likely to continue unless there’s a significant shift in either bank’s approach.
Navigating a Quiet Market Period
The lack of data and holiday-induced slowdowns mean that traders and investors need to adopt a more cautious approach. With no major economic releases scheduled, market participants are relying on global trends and broader economic sentiment to guide their decisions.
USDCAD is moving in a box pattern
Holiday Markets and Thin Trading Volumes
As we approach the new year, trading activity is expected to remain subdued. Thin trading volumes often lead to exaggerated price movements, making the Canadian Dollar’s near-term trajectory even more unpredictable. For traders, this period requires patience and a focus on the bigger picture.
What Traders Should Watch For
While Canadian data may be sparse, global events could still influence the Loonie. Key factors to monitor include:
- US economic indicators, which could impact the USD/CAD exchange rate.
- Global oil prices, as Canada’s economy is heavily tied to its energy exports.
- Any surprise announcements or shifts in monetary policy from major central banks.
A Challenging Road Ahead
The Canadian Dollar’s journey into 2025 is shaping up to be a tough one. With a combination of low trading volumes, a lack of fresh data, and policy rate divergence, the Loonie has its work cut out for it. However, these challenges also present opportunities for those willing to take a long-term perspective.
Potential Catalysts for Change
While the current outlook may seem bleak, several factors could help the Canadian Dollar regain its footing:
- A rebound in global oil demand could provide a much-needed boost to Canada’s energy sector.
- Positive surprises in domestic economic data could restore confidence in the Loonie.
- A shift in the Federal Reserve’s policy stance might narrow the policy rate gap, easing pressure on the Canadian Dollar.
Long-Term Outlook
The Loonie’s struggles aren’t insurmountable. Canada’s strong fundamentals, including its resource-rich economy and stable financial system, provide a solid foundation for recovery. However, patience will be key as the currency navigates these turbulent times.
A Quick Wrap-Up
The Canadian Dollar is facing multiple headwinds as we move into 2025. Holiday slowdowns, the absence of fresh economic data, and widening policy rate divergence have left the Loonie in a vulnerable position. However, this isn’t the end of the road. While the challenges are real, so are the opportunities for recovery.
As we look ahead, it’s crucial to stay informed and keep an eye on the broader economic landscape. Whether you’re a trader, an investor, or simply someone keeping tabs on the Canadian Dollar, understanding the factors at play will help you navigate these uncertain times with confidence.
USDCHF – Swiss Franc Slips as USD/CHF Nears 0.9000 with Fed Policy in Focus
The USD/CHF currency pair has been making notable moves recently, sparking curiosity among traders and investors. While the US Dollar gains strength due to shifting Federal Reserve policies, the Swiss Franc faces its own challenges. Let’s dive into the factors influencing this pair and what it could mean for the broader market.
USDCHF is moving in a downtrend channel
Fed Signals Fewer Rate Cuts: A Boost for the US Dollar
One of the key drivers of the recent USD/CHF rally is the Federal Reserve’s updated outlook on interest rates. The Fed’s December meeting brought surprising adjustments that caught the attention of the financial community.
Why the Fed’s Stance Matters
The Federal Reserve plays a critical role in shaping the US economy through its monetary policy decisions. Recently, it announced a slight rate cut but adjusted its 2025 projections to include only two rate cuts instead of the previously anticipated four. This cautious approach indicates the Fed’s confidence in the economy’s resilience, reducing the need for aggressive rate cuts.
This shift has bolstered the US Dollar’s appeal, as fewer rate cuts typically signal a stronger currency. Coupled with moderate inflation data, the Fed’s stance has provided a solid foundation for the USD’s upward momentum.
The Swiss Franc: Strengths and Weaknesses
While the US Dollar gains ground, the Swiss Franc has faced mixed signals. Known as a safe-haven currency, the CHF often benefits during global uncertainties, but domestic factors are currently shaping its trajectory.
Economic Growth and Central Bank Policies
Switzerland’s economy has shown signs of robust growth, as reflected in recent GDP data. However, comments from Swiss National Bank (SNB) President Martin Schlegel have raised eyebrows. Schlegel hinted that Switzerland’s interest rates might fall below zero in the near future, a move that could undermine the Franc’s value. Negative interest rates often make a currency less attractive to international investors, potentially leading to depreciation.
Balancing Growth and Policy Risks
While the Swiss economy’s recent performance is commendable, the possibility of lower interest rates adds an element of uncertainty. Traders are now weighing Switzerland’s economic strength against the potential impact of SNB’s dovish outlook, creating a tug-of-war effect on the Franc.
The USD/CHF Pair: A Closer Look
Factors Supporting the USD/CHF Upside
- Strong US Dollar: The USD continues to gain strength as the Federal Reserve signals caution in its rate-cut trajectory.
- Shifts in Swiss Policy: The SNB’s dovish tone, paired with hints of negative rates, could weaken the CHF, giving the USD an edge.
- Holiday Market Conditions: Thin trading activity following the Christmas holiday has contributed to USD/CHF’s recent recovery, as liquidity remains limited.
Challenges for the USD/CHF Pair
Despite the pair’s recent rally, certain factors may cap its gains. Subdued US Treasury bond yields and potential geopolitical or economic uncertainties could influence the broader market sentiment, keeping the pair’s movements in check.
USDCHF is moving uptrend channel
What This Means for Traders
Traders focusing on the USD/CHF pair should stay alert to developments on both sides. On the US front, the Federal Reserve’s upcoming meetings and economic data releases will be key. Meanwhile, in Switzerland, any updates from the SNB regarding interest rates could shift the market’s expectations.
Short-Term Outlook
For now, the USD/CHF appears to be benefiting from a stronger US Dollar and weaker Swiss Franc sentiment. However, market conditions can change quickly, especially with major economies like the US and Switzerland actively managing their monetary policies.
Key Takeaways
- US Federal Reserve: The Fed’s cautious approach to rate cuts is strengthening the US Dollar, giving USD/CHF an upward push.
- Swiss National Bank: SNB’s hints at negative rates create uncertainty for the Swiss Franc, adding to USD/CHF volatility.
- Thin Market Activity: Holiday trading conditions have amplified USD/CHF’s recent movements, but this may stabilize as liquidity returns.
Final Thoughts
The USD/CHF pair is a fascinating case study of how global monetary policies and economic indicators interact. While the US Dollar gains from the Fed’s measured approach, the Swiss Franc navigates its challenges under the SNB’s guidance. For traders, this dynamic offers both opportunities and risks, underscoring the importance of staying informed and adaptable.
As we move forward, keeping an eye on the Federal Reserve’s statements and Swiss economic data will be crucial. Whether you’re a seasoned trader or just starting, understanding the forces behind the USD/CHF pair can help you make better-informed decisions in this ever-evolving market.
USD Index – US Dollar Surges Ahead While Year-End Market Activity Slows
As the year comes to a close, the US Dollar is maintaining its strength despite quieter markets and lower trading activity. If you’ve been keeping an eye on currency trends, you might be wondering why the dollar’s performance continues to stand out even when the market seems to be winding down. Let’s break it all down and uncover what’s fueling this impressive run.
USD Index Market price is moving in an uptrend channel
Why the Dollar Is in the Spotlight
The US Dollar Index, a key measure that tracks the dollar against a basket of other major currencies, has been sitting comfortably near its yearly highs. This resilience is surprising to many, given the muted trading environment typically seen during the holiday season. So, what’s keeping the Dollar elevated? Here are some of the key drivers:
Thin Year-End Trading Keeps Markets Steady
As the year closes, trading desks tend to operate with fewer staff, and the resulting lower market participation often leads to reduced volatility. This year is no exception. Even with fewer traders actively engaging, the Dollar has managed to hold its ground. Its buoyancy shows that even in a quieter market, the underlying confidence in the US economy remains strong.
US Growth Outlook Inspires Confidence
Investors are feeling optimistic about the US economy heading into 2025. Economic indicators suggest that growth will remain steady, and that optimism has translated into a stronger dollar. Markets are anticipating that the Federal Reserve will take a cautious approach to rate cuts, which helps maintain the Dollar’s appeal as a safe and reliable currency.
Global Developments and Their Limited Impact
Interestingly, global economic developments that could typically weigh on the Dollar seem to have had little effect this time around. Let’s take a closer look at why:
Industrial Slowdown in Asia
Recent data from major economies like Japan and China have pointed to an industrial slowdown. Normally, such news could lead to a shift in market sentiment. However, these developments have had minimal impact on the US Dollar. Why? The answer lies in the relative strength of the US economy. Even as other regions face challenges, the US continues to show signs of stability and growth, which bolsters the Dollar’s appeal.
China’s Stimulus Measures
China has implemented various measures to stimulate its economy, including lowering deposit rates. While these actions have supported local markets, they haven’t dented the Dollar’s strength. This resilience reflects the market’s broader focus on US fundamentals, rather than being swayed by external influences.
Key Trends Supporting the Dollar
Let’s dive deeper into the broader trends that are shaping the Dollar’s impressive performance.
Government Shutdown Concerns
Political developments in the US are always a factor to watch, and the recent inability of House Republicans to pass a funding deal has raised concerns about a potential government shutdown. While such events might sound alarming, short-term shutdowns historically haven’t had a major impact on the economy. With the Treasury having room to maneuver, the risks remain contained, and the Dollar has stayed largely unaffected.
Climbing Treasury Yields
Another factor supporting the Dollar is the steady climb in longer-term Treasury yields. Both the 10-year and 30-year yields are near highs not seen in months, reflecting investor confidence in the US economy’s resilience. Higher yields make US assets more attractive to global investors, further boosting demand for the Dollar.
USD Index Market price is moving in a box pattern
The Dollar’s Annual Performance
As 2025 approaches, the Dollar is on track for a remarkable near 7% annual gain. This performance reflects the market’s broader belief in the US economy’s strength and the Federal Reserve’s cautious stance on easing monetary policy. It’s clear that the Dollar has been one of the standout performers in the currency market this year.
What Does This Mean for You?
If you’re involved in the markets, either as a trader or just someone keeping tabs on global trends, the Dollar’s strength offers valuable insights. It highlights the importance of economic stability and investor confidence, especially during times of uncertainty. Even if you’re not directly trading currencies, a strong Dollar can impact other areas, such as commodity prices and international trade.
Final Thoughts
As we step into 2025, the US Dollar’s resilience is a testament to the strength of the US economy and the confidence it inspires in global markets. Despite quieter trading conditions and external challenges, the Dollar has held its ground and even thrived. This performance isn’t just about numbers—it’s about the broader story of economic stability, investor trust, and strategic policy decisions.
Whether you’re an active trader or simply someone curious about global markets, the Dollar’s journey this year offers plenty to reflect on. So, keep an eye on the trends, and let’s see how the currency market shapes up in the months to come!
EURGBP – Euro Weakens Against Pound as Markets Brace for ECB Policy Adjustments
The financial markets have been abuzz lately with developments surrounding the Euro (EUR) and British Pound Sterling (GBP). With central banks on both sides of the channel signaling potential shifts in their monetary policies, the EUR/GBP pair has come under downward pressure. Let’s unpack what’s going on and how it’s shaping the currency dynamics.
Why the Euro Is Feeling the Heat
ECB’s Focus on Lowering Borrowing Costs
The European Central Bank (ECB) is taking steps to address inflation and borrowing costs. ECB President Christine Lagarde recently highlighted the progress being made toward bringing inflation down to the medium-term target of 2%. This goal is crucial for economic stability, but it comes with its challenges.
EURGBP is moving in a box pattern, and the market has reached the support area of the pattern
Lagarde also emphasized that vigilance remains essential, particularly when it comes to inflation within the services sector. This sector often lags behind others in responding to monetary policy, requiring the ECB to stay cautious.
Future Rate Reductions on the Horizon
Adding to this narrative, ECB Governing Council member Boris Vujcic revealed plans to continue reducing borrowing costs into 2025. His statement, “The direction is clear—it’s a continuation of the path from 2024,” underlines the ECB’s commitment to a long-term strategy aimed at supporting economic growth while keeping inflation in check.
However, these announcements have created mixed reactions in the currency market. While they reflect the ECB’s dedication, they also signal potential challenges for the Euro as investors weigh the implications of sustained rate reductions.
The British Pound’s Dovish Dilemma
BoE’s Evolving Policy Stance
On the other side of the spectrum, the Bank of England (BoE) is also navigating a period of monetary policy recalibration. The central bank faces growing expectations of a dovish outlook for the coming years. Recent decisions by the Monetary Policy Committee (MPC) indicate a potential shift toward rate cuts, driven by concerns over slowing economic growth and a need to support domestic markets.
What’s Driving the Pound’s Weakness?
The Pound Sterling has faced challenges due to the rising odds of interest rate cuts in the UK. Market participants are now pricing in a 53-basis-point rate reduction by 2025, up from earlier expectations of 46 bps. This anticipation of a dovish trend has weakened the Pound against its major counterparts, including the Euro.
Interestingly, despite these headwinds, the Pound remains relatively attractive when compared to the Euro. This is primarily because the BoE’s expected rate cuts are fewer than those anticipated from the ECB, offering a slight edge to the GBP in this currency pairing.
EUR/GBP Pair: A Tug-of-War in Progress
The EUR/GBP currency pair reflects the ongoing battle between the ECB’s and BoE’s monetary policies. While the pair advanced briefly due to Pound weakness, it has now halted its upward streak, largely due to the Euro’s challenges.
Factors Influencing the EUR/GBP Pair
- Diverging Rate Expectations: The ECB’s long-term plans to lower borrowing costs contrast with the BoE’s relatively cautious approach, creating a push-and-pull effect on the currency pair.
- Market Sentiment: Investors’ interpretation of central bank decisions plays a significant role. For example, a dovish tilt from the BoE could weaken the Pound further, while aggressive rate cuts by the ECB might dampen the Euro’s appeal.
- Economic Uncertainty: Broader economic factors, such as growth prospects, inflation trends, and geopolitical events, also add layers of complexity to the EUR/GBP exchange rate.
What This Means for the Markets
Both the Euro and the Pound are navigating uncertain waters, driven by their respective central banks’ strategies. For traders and investors, this creates a dynamic environment with potential opportunities and risks.
EURGBP is moving in a downtrend channel, and the market has fallen from the lower high area of the channel
Key Takeaways for Traders
- Stay Updated: Central bank announcements and economic data releases can significantly influence currency movements.
- Watch Interest Rate Trends: The path of rate cuts or hikes will be a decisive factor in determining the strength of the Euro and Pound.
- Consider External Factors: Broader economic conditions, such as trade relationships and global market trends, could also sway the EUR/GBP pair.
Final Thoughts
The tug-of-war between the ECB and BoE policies has put the EUR/GBP pair under pressure, creating an exciting yet challenging scenario for traders and investors. While the Euro faces headwinds from the ECB’s commitment to lowering borrowing costs, the Pound isn’t immune to its own set of challenges, driven by the BoE’s dovish outlook.
As these two major currencies grapple with their respective economic realities, the coming months promise to be eventful. Whether you’re a trader watching the charts or just curious about global finance, keeping an eye on these developments is a smart move. After all, currency markets are as much about strategy as they are about staying informed.
AUDUSD – Australian Dollar Struggles to Find Footing in Calm Year-End Markets
The Australian Dollar (AUD), often affectionately called the “Aussie,” has had a bumpy ride in recent times, and as we edge closer to the year’s end, things don’t seem to be looking up just yet. A quiet Friday session saw the currency dip to 0.6215, leaving traders and market enthusiasts wondering about the driving factors behind its struggle for direction. Let’s dive into the details, break things down, and explore what’s happening with the Aussie Dollar right now.
Why Is the Aussie Struggling?
Year-End Market Calm and Low Liquidity
As the year wraps up, global financial markets enter what’s fondly referred to as a “holiday lull.” This period sees reduced trading activity, with many traders taking time off for the festivities. Naturally, this leads to thinner liquidity, making it harder for currencies like the Aussie to find momentum.
For the Australian Dollar, this lack of movement is particularly noticeable. With traders hesitant to make big moves and policy uncertainties hanging in the air, the Aussie finds itself stuck in a tight trading range.
AUDUSD is moving in a descending channel, and the market has rebounded from the lower low area of the channel
A Mixed Bag of Economic Data
Australia’s economy has been giving off some mixed signals lately. On one hand, inflation appears to be easing—a positive sign that should offer some breathing room. On the other hand, broader economic growth remains sluggish, keeping the Reserve Bank of Australia (RBA) cautious in its next moves.
The RBA recently released its minutes, highlighting a data-driven approach to monetary policy. While the central bank hasn’t committed to cutting rates, there’s a growing expectation that such a move might be on the table as soon as February. This possibility has kept the Aussie under pressure, as lower interest rates generally reduce the currency’s appeal to investors seeking higher returns.
What’s Weighing on the Aussie Dollar?
Global Market Sentiment and the Strong USD
The strength of the US Dollar (USD) continues to be a significant factor in the Aussie’s woes. December saw the US Federal Reserve cut interest rates by 25 basis points, but the central bank maintained a cautious outlook on further reductions. Fed Chair Jerome Powell emphasized the ongoing challenge of stubborn inflation, suggesting that future rate cuts will be limited and slow.
Moreover, market participants are also speculating on potential new tariffs and economic policies under the incoming Trump administration. Proposed deregulation, tax cuts, and tariff hikes could spur US economic growth and inflation, adding further strength to the USD. Unfortunately for the Aussie, a stronger USD often means trouble, as it diminishes the Australian currency’s attractiveness on the global stage.
RBA’s Dovish Stance
Closer to home, the RBA has been leaning toward a dovish stance, signaling a willingness to cut rates if the economic outlook demands it. While Governor Michele Bullock has refrained from making concrete commitments, the bank’s focus on easing inflation has increased the likelihood of monetary easing in the near future. Traders are pricing in a 65% chance of a rate cut in February, which keeps the Aussie under consistent downward pressure.
What Does This Mean for You?
For Travelers
If you’re planning a trip abroad and need to exchange Australian Dollars, now might not be the most favorable time. A weaker Aussie means your money won’t stretch as far when converted to other currencies. Keeping an eye on currency exchange rates and waiting for a slight rebound could help you get more value.
For Investors
For those investing in currency markets or Australian equities, the current environment presents challenges and opportunities. A weak Aussie could make Australian exports more competitive on the global market, potentially benefiting companies in sectors like mining and agriculture. However, uncertainty around monetary policy and global market trends suggests caution is warranted.
For Everyday Aussies
If you’re not a trader or a globetrotter, you might still feel the effects of a weaker Aussie in your everyday life. Imported goods could become more expensive, as businesses have to pay more for items purchased in stronger foreign currencies. On the bright side, if you’re exporting goods or services, this could be a prime time to boost your business, as overseas buyers might find Aussie products more affordable.
RBA’s Role in Shaping the Future
The Reserve Bank of Australia holds a pivotal role in determining the Aussie’s trajectory. As we’ve seen, the bank’s focus on easing inflation has been a double-edged sword. While reducing inflation is crucial for long-term economic stability, the short-term impact of potential rate cuts can weigh heavily on the currency.
Governor Michele Bullock’s commitment to a data-driven approach means the RBA will continue to monitor key economic indicators before making any bold moves. This methodical approach might feel slow, but it’s a necessary step to balance growth and stability.
Will the RBA Cut Rates in February?
The million-dollar question right now is whether the RBA will cut rates at its February meeting. While there’s no definitive answer, market sentiment suggests it’s a strong possibility. The easing of inflation, coupled with the need to support economic growth, creates a compelling case for monetary easing.
However, it’s important to note that any rate cut will be carefully calibrated. The RBA is unlikely to make drastic changes, preferring incremental adjustments that allow it to assess the impact over time.
What Lies Ahead for the Aussie Dollar?
While the year-end lull has kept the Aussie Dollar subdued, the currency’s future remains tied to several key factors:
- Global Market Trends: The strength of the US Dollar and broader global economic conditions will continue to play a significant role in shaping the Aussie’s path.
- Domestic Economic Data: Indicators like employment rates, consumer spending, and GDP growth will influence the RBA’s decisions and, by extension, the currency’s performance.
- Monetary Policy: With the possibility of a February rate cut looming, the RBA’s actions will be closely watched by traders and analysts alike.
- Geopolitical Developments: Changes in global trade policies, such as tariffs or new agreements, could have ripple effects that impact the Aussie.
Final Thoughts
The Aussie Dollar finds itself in a delicate position as the year draws to a close. A combination of subdued market activity, a dovish RBA, and a strong US Dollar has left the currency struggling to gain traction. While the future remains uncertain, understanding the factors at play can help you navigate this challenging landscape—whether you’re a trader, a traveler, or just someone curious about the economy.
As we head into the new year, all eyes will be on the RBA and global market developments. One thing’s for sure: the Aussie’s journey is far from over, and there’s bound to be plenty of twists and turns along the way. Stay tuned, and let’s see where this ride takes us!
NZDUSD – NZD/USD Struggles to Find Support as Holiday Markets Quiet Down
The NZD/USD currency pair has faced some turbulence recently, especially in the early Asian and European sessions. A mix of global economic challenges and geopolitical developments is impacting the Kiwi dollar, which is closely tied to New Zealand’s trade with China and other major global economies. Let’s dig deeper into the factors influencing this currency pair and what they mean for traders and investors.
Why the NZD Is Feeling the Pressure
China’s Economic Struggles and Its Ripple Effects
New Zealand’s economy relies heavily on its trade relationship with China, its largest trading partner. Recently, China’s industrial profits dropped for the fourth consecutive month, marking a 7.3% year-on-year decline in November. This data signals persistently weak domestic demand in China, raising concerns about its economic recovery.
NZDUSD is moving in a box pattern
This downturn in China’s economy is troubling for the New Zealand Dollar, as a strong Chinese economy typically boosts demand for New Zealand exports like dairy, meat, and wool. When China sneezes, the Kiwi catches a cold – a saying that perfectly encapsulates the ripple effect.
Trump’s Tariff Policies Loom Again
Adding to the Kiwi’s troubles are speculations about potential tariff policies from Donald Trump’s administration. The possibility of a 10% tariff on Chinese goods could fuel inflation in the United States, possibly altering the Federal Reserve’s monetary policy stance. While this may strengthen the US Dollar in the short term, it creates a challenging environment for currencies like the NZD.
These potential tariffs add an extra layer of uncertainty for the global economy, and since the Kiwi is often seen as a risk-sensitive currency, traders may shy away from it during such uncertain times.
The Reserve Bank of New Zealand (RBNZ) and Interest Rate Speculations
The Reserve Bank of New Zealand plays a significant role in influencing the NZD. Recent signs of economic weakness, including a technical recession in Q3, have led to growing expectations that the RBNZ may introduce further interest rate cuts.
Markets are pricing in a high likelihood of a 50-basis-point rate cut in February, with rates potentially dropping to around 3.0% by the end of 2025. The aim is to stimulate growth and combat sluggish economic activity. However, rate cuts often weaken a currency, as lower interest rates make it less attractive to investors.
What This Means for NZD/USD
For the NZD/USD pair, the combination of falling Chinese demand, RBNZ’s dovish outlook, and potential US tariff policies creates significant headwinds. These factors collectively exert downward pressure on the Kiwi dollar while supporting the US dollar’s strength.
Market Sentiment and Quiet Trading Sessions
Another aspect to consider is market sentiment. As we approach the New Year, trading sessions are expected to remain relatively quiet. Thin trading volumes often exacerbate currency volatility, leading to sharper price movements than usual. This could make the NZD/USD pair particularly unpredictable during this period.
Investors Adopt a Cautious Approach
Given the current global economic climate, many investors are taking a wait-and-see approach. With ongoing uncertainties surrounding China, the US, and New Zealand, traders are hesitant to make significant moves. This caution is likely to persist until clearer economic signals emerge.
Final Thoughts: A Challenging Road Ahead for NZD/USD
The NZD/USD currency pair is navigating a complex web of economic and geopolitical factors. Weakness in China’s economy, speculation about Trump’s tariff policies, and a dovish outlook from the RBNZ are all contributing to the pair’s struggles.
For traders and investors, this means keeping a close eye on developments in these areas. While the Kiwi dollar faces headwinds, understanding the broader economic context can help identify opportunities and risks in this volatile market.
As we move into the new year, the focus will likely shift to how these factors evolve and whether they bring relief or further challenges for the NZD/USD pair. Stay informed, stay cautious, and remember that the currency market is as much about patience as it is about strategy.
BTCUSD – Bitcoin Stumbles Over Holiday Gains but Hints at a Comeback
Bitcoin, the most prominent cryptocurrency, has been at the center of attention for investors, traders, and enthusiasts. Despite the recent price fluctuations, Bitcoin continues to showcase resilience, with growing institutional interest and increased activity on centralized exchanges. Let’s dive into the intriguing aspects of Bitcoin’s current market dynamics and the signs of recovery on the horizon.
BTCUSD is moving in a box pattern
The Role of Institutional Interest in Bitcoin’s Recovery
Spot Bitcoin ETFs: A Key Player
Institutional interest plays a significant role in shaping Bitcoin’s price trends. Recently, there has been a noticeable revival of capital inflows into Bitcoin spot Exchange Traded Funds (ETFs). These ETFs are popular among investors seeking exposure to Bitcoin without the need to hold the digital asset directly.
Data highlights that the recent inflows into spot Bitcoin ETFs reached approximately $475 million in just one day, marking an end to a streak of outflows. This sudden uptick suggests a renewed faith in Bitcoin among institutional players. For investors, this is often seen as a bullish signal, indicating that large-scale financial players are gearing up for potential gains in the coming months.
Why Institutional Interest Matters
Institutional investors have the power to influence market trends due to the sheer scale of their investments. When these entities show interest in Bitcoin, it often sparks a domino effect, encouraging retail traders to follow suit. Moreover, the involvement of reputable institutions helps strengthen Bitcoin’s legitimacy in the financial ecosystem, making it more appealing to traditional investors.
Whales and Stablecoin Activity: Signals of Buying Pressure
Stablecoins: A Gateway to Crypto Investments
Stablecoins, pegged to fiat currencies like the US Dollar, act as a bridge for investors looking to enter or exit cryptocurrency markets. When whales (large-scale investors) start moving significant amounts of stablecoins to exchanges, it often signals preparation for substantial trades.
Recent on-chain data reveals multiple deposits of stablecoins to Binance, the world’s largest cryptocurrency exchange. These transactions, valued in millions, hint at increased buying pressure for Bitcoin and other cryptocurrencies. Such activity typically precedes upward price movements, as demand for crypto assets rises.
Whales Preparing for Bitcoin Investments
Bitcoin whales have historically played a pivotal role in shaping the market. Their behavior often provides valuable insights into potential trends. The recent surge in stablecoin deposits is seen as a positive indicator, suggesting that whales are gearing up to accumulate Bitcoin. This increased demand could potentially support a price recovery in the near term.
BTCUSD is moving in a descending channel
On-Chain Metrics: A Ray of Hope for Bitcoin Enthusiasts
Increased Buying Pressure on Exchanges
The buying pressure on centralized exchanges is a crucial metric for gauging market sentiment. On-chain metrics show a rise in taker buy volumes, which means there is higher demand for Bitcoin on these platforms. This aligns with the increase in stablecoin inflows, creating an environment conducive to a potential price rebound.
Bitcoin Staking Gains Momentum
Another noteworthy development is the increase in staked Bitcoin. Staking allows holders to earn rewards by locking their Bitcoin in the network, reducing the circulating supply. This trend reflects confidence among long-term investors who believe in Bitcoin’s future potential. A reduction in available supply, coupled with growing demand, often lays the groundwork for price appreciation.
What’s Driving the Current Market Sentiment?
Holiday Trends and the Santa Claus Rally
The “Santa Claus rally” is a term often used to describe a rise in asset prices around the holiday season. While Bitcoin missed this rally, the post-holiday market activities suggest a buildup of momentum. Historical data indicates that such market dips are often followed by strong recoveries, fueled by renewed investor interest and market activity.
Renewed Optimism in 2024
With the year 2024 around the corner, many analysts are optimistic about Bitcoin’s prospects. Factors such as growing institutional participation, favorable regulatory developments, and advancements in blockchain technology contribute to the positive outlook. For many, Bitcoin remains a long-term investment, with the potential to outperform traditional assets over time.
Final Thoughts: Bitcoin’s Path Forward
Bitcoin’s journey has always been a mix of volatility and resilience. The current market trends, including increased institutional interest, rising buying pressure, and heightened stablecoin activity, paint a promising picture. While the cryptocurrency market remains unpredictable, these signals offer hope for a potential recovery and sustained growth.
For investors, it’s essential to stay informed and approach the market with a well-thought-out strategy. Whether you’re a seasoned trader or a newcomer, keeping an eye on institutional movements and on-chain metrics can provide valuable insights into Bitcoin’s future trajectory.
So, while the road might be bumpy, Bitcoin’s potential remains vast. As always, remember to do your research, stay patient, and make decisions that align with your financial goals. Bitcoin isn’t just a cryptocurrency—it’s a movement that continues to redefine the financial landscape.
Don’t trade all the time, trade forex only at the confirmed trade setups
Get more confirmed trade signals at premium or supreme – Click here to get more signals , 2200%, 800% growth in Real Live USD trading account of our users – click here to see , or If you want to get FREE Trial signals, You can Join FREE Signals Now!
1 thoughts on "Gold and forex trade weekly setups for Dec 30 – Jan 03"