FUNDAMENTAL REVIEW OF FINANCIAL MARKETS 19.12.2023

FOREIGN CURRENCIES:

In the currency section, the week opened quite traditionally - in a sideways consolidation. The euro did not react strongly to negative statistics from Germany on the business climate - now the market is focused on expectations of a change in the Fed's rhetoric to dovish. For the dollar, this is a strong trigger for a decline, so the Single currency has a good chance of going above the 10th figure in the near future.

Consumer prices across the EU have already been released today, recording a further downward trend. Now it is important to monitor whether this will affect the ECB's change of mindset. The last meeting of the regulator was quite "strong", without obvious hints of going to the pigeon camp.

The trading session will be completed by data on the real estate market of the United States and consumer prices of the Maple Leaf. For America, the numbers in the calendar are still negative for the greenback.

STOCK AND COMMODITY PLATFORMS:

The American and Asian platforms started quite confidently - with the exception of Hong Kong, where sales in developer shares are again recorded, in particular, Country Garden securities updated at least on the news that the company does not exclude its liquidation.

The oil sector also came to life noticeably, whose quotes rose to a 2-week high due to Houthi attacks on merchant ships in the Red Sea and, as a result, problems with the logistics of blue fuel.

The Moscow Stock Exchange index closed again in a good plus, and the OFZ segment continues to revive. The consumer sector and transport sectors were the best on Mamba yesterday. Now the buyers face a new challenge - to take the level of 3100 p. We are monitoring the level of 3050 points - the nearest important support. The rise in black gold prices yesterday helped the ruble regain its bullish sentiment.

THE CRYPTO MARKET:

Sentiment: The volume of a Google search query on Solana has increased by 250% in the last two months. The demand for the coin is growing - a good signal for a medium-term hold.

Good luck and balanced investment decisions!