FUNDAMENTAL OVERVIEW OF FINANCIAL MARKETS 12.12.2023

FOREIGN CURRENCIES:

In the currency section, the week opened quite traditionally - in a sideways consolidation. Friday's euphoria of American bulls quickly faded away - risk buyers are back in business, but the denouement of their confrontation will happen a little later - in the middle of the week - after the data on State inflation on Tuesday and the Fed meeting on Wednesday.

Today, an important event will be the publication of the already mentioned consumer prices in the United States at 16:30. According to the forecast, prices will rise by 0.1%, and the annual inflation rate will slow down to 3.1%. The factor is bullish for the greenback. In addition, the two-day FOMC meeting starts today.

STOCK AND COMMODITY PLATFORMS:

American and Asian sites started with a small plus - separately, we can note some demand for developer securities in Hong Kong, the markets are hoping for early announcements of large economic incentives during the Central Economic Work Conference currently underway.

In the commodities section, gas prices still look weak, remaining under pressure due to significant reserves of raw materials, as well as weather temperatures in the United States, which remain above average. As for black gold, Brent quotes rose by 0.11% yesterday to $76.03. The price dynamics continues to be influenced by a decrease in demand for raw materials from China against the background of a slowdown in industrial production.

The Russian market is in a corrective mood, the Moscow Stock Exchange index is trading slightly above the 3,000 point mark. The indices of the Moscow Stock Exchange of the consumer sector and finance fell the most. If the current support of the 30th figure does not stand, then the price may dive down quite strongly on the "emotions-fears of retail players" - the next transshipment point in this case will be the 2870 mark.

THE CRYPTO MARKET:

Whales bought in BTC in the current strait : the number of wallets with 1000+ BTC balances has increased dramatically - Glassnode data

The advent of cryptocurrencies continues in the digital market.

Good luck and balanced investment decisions!