返回

Forex Market Analysis: Key Asset Trends Amid Rate Shifts 8 January 2024

交易通知

FX Daily Analysis: 8 January 2024

CURRENCIES:

• Market Q1 Outlook: Gold, Stocks, EUR/USD, GBP/USD & USD/JPY monitoring Fed and US Yields
• Gold and U.S. equities experienced moderate losses in the first trading week of 2024
• Pressured by a significant rally in Treasury yields and a rise in the U.S. dollar
• Strong December U.S. jobs report bolstered the U.S. dollar
• Traders in late 2023 priced in deep rate cuts for the coming year
• U.S. central bank signaled potential borrowing cost cuts, but economic resilience may delay the easing cycle
• This sets markers for a potential deeper reversal in the coming weeks
• If mean reversion of returns unfolds, gold and risk assets could face challenges
• Euro, British pound, and Japanese yen may weaken against the U.S. dollar
• Different and complex market dynamics expected in early 2024
• Attractive trade opportunities and setups anticipated for key assets

Trade Forex with VT Markets today and earn rewards from our loyalty program

STOCK MARKET:

• Corporate Earnings and Inflation Focus This Week
• Bank of America, Wells Fargo, JPMorgan, BlackRock, and Citi to Report Q4 Earnings
• Consumer Price Index (CPI) for December to be Released Thursday
• Producer Price Index (PPI) for December Out on Friday
• S&P 500 Enters Q4 Reporting Period After a Negative Start in 2024
• Tech-Heavy Nasdaq Down Nearly 4% Over the Last Five Trading Sessions
• December Jobs Report Shows Solid US Labor Market, Adding 216,000 Jobs
• Unemployment Rate Holds Steady at Historically Low Level of 3.7%
• Average Hourly Earnings Increase 0.4% Monthly and 4.1% Annually
• Market Debate on Federal Reserve Interest Rate Cuts Continues
• Goldman Sachs Expects First Cut in March, Markets Pricing in a 66% Chance
• December CPI Print Expected to Show Annual Inflation at 3.2%
• Core CPI Forecasted to Rise 3.8% YoY, Monthly Core Price Increase of 0.3%
• Corporate Earnings Season Kicks Off with Delta Air Lines, JPMorgan, Citi, Wells Fargo, Bank of America, and BlackRock Reporting
• Investors Anticipate Updates on Consumer Spending and Financials Amid Higher Rate Environment
• Market Pessimism on Q4 Earnings with S&P 500 Estimates Falling 6.8% Since September 30
• Deutsche Bank Chief US Equity Strategist Expects a Robust Quarter for Earnings but Notes Potential Market Temperance Due to Previous Rally.

Test your CFD Trading Strategies by Opening Your Free VT Markets Demo Account Now!