The final week of 2024 will see key decisions from the Federal Reserve, Bank of Japan (BoJ), and Bank of England (BoE), likely impacting global markets.
Fed Meeting: A 25-basis point rate cut is expected, with attention on guidance for 2025. The market will watch for signs of slower cuts if inflation rises or unemployment increases. BoJ Meeting: The BoJ is likely to hold rates steady, awaiting more data on wages and economic conditions. BoE Meeting: The BoE is expected to keep rates at 4.75%, with rate cuts possibly delayed until February due to UK economic weakness. Global PMI Data: Economic slowdown signals from Europe, the UK, and the U.S. suggest ongoing concerns about global growth. Oil Prices: Prices have risen amid tighter supplies from Russia and Iran sanctions, with potential demand boosts from lower global interest rates.
Us30: After price fell below the previous weeks low, price kept on falling inidcating a weaker markets to inflation concerns and other factors. I will like to see if price can reach 42893.15
Ger40: Price struggled to traded out of previous weeks high and shows the strength being lost in the DAX. I'd still ike to see price break higher, till then at the start of the week I have price moving below 20366.4 first
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