FUNDAMENTAL OVERVIEW OF FINANCIAL MARKETS 12/22/2023

Forex:

Yesterday, the currency section showed the usual focus on American statistics. Data on GDP, unemployment claims and the index of manufacturing activity from the Philadelphia Fed were released. The score is 1-2 not in favor of the greenback. The only positive thing was the unemployment claims - while being better than forecast, GDP and Phil, on the contrary, came out worse than expected. As a result, the “risks” continue to strengthen.

Today the pound and the New Zealand dollar are resting" - they have already begun to celebrate Christmas. What is worth noting is the traditional "stars and stripes" statistics at 16:30. In addition to the number of washing machines and televisions (durable goods), Core PCE Price Index (an important indicator of inflation) will be released.The first indicator is projected to increase, the second to decrease - a classic of the genre.

Stock and commodity market:

American exchanges received positive feedback from the previously mentioned statistics on US GDP - expectations that the Federal Reserve will move to a rate cut in a shorter time frame have again intensified.

Oil is knocking on the 80 level again - Angola's announcement of withdrawal from OPEC did not have much of a negative impact on quotes.

The Moscow Exchange index lost about a percent yesterday; Novatek, which declared force majeure on deliveries from Arctic LNG-2, also traded worse. From the point of view of technical analysis, we are watching the level of 3050 points, if it holds, then growth will continue, otherwise we will go back to 3000 points again and this is not the best harbinger for buyers.

Cryptocurrencies:

A fairly confident upward trend remains in the crypto segment. Against the background of the rally in BTC and altcoins, Santiment draws attention to the blue chips Polygon and Litecoin that have lagged behind the market, believing that they have a chance to catch up with the rest

Good luck and profitable investment decisions!