Major Market Movers: Key News and Asset Insights for the Week: This week,
global markets will focus on key economic events and data releases that may shape trading decisions.
From the UK GDP report to US jobless claims and Japan’s industrial production figures,
each piece of data offers valuable insight into market trends.
Additionally, we analyze the performance of major assets, including EURUSD, gold, Nasdaq, GBPCAD, and oil,
to help you navigate the week ahead effectively.

Content
Economic Events

EURUSD

Gold

Nasdaq

GBPCAD

Oil

Economic Events

Monday, December 23, 2024

UK GDP (QoQ) Q3: 10:00

UK GDP (YoY) Q3: 10:00

US CB Consumer Confidence Index (December): 18:00

Tuesday, December 24, 2024

US New Home Sales (November): 18:00

Thursday, December 26, 2024

US Initial Jobless Claims: 16:30

Friday, December 27, 2024

Japan Industrial Production (MoM) (November): 02:50

US Goods Trade Balance (November): 16:30

EURUSD

The EURUSD pair is trading around 1.0429,
following a slight rise at the end of last week due to US dollar weakness.
Technically, the pair remains below the resistance level at 1.0435,
supporting a potential return to bearish momentum targeting 1.0326.
However, if the resistance level is breached, the bullish trend may extend toward 1.0609.

Gold

Gold experienced gains on Friday, supported by a weaker US dollar
after the Personal Consumption Expenditures (PCE) Index steadied at 2.8%.
This eased market concerns about the Federal Reserve’s monetary policy.
Technically, gold trades around 2622, following a positive close above 2614,
which supports further upward movement toward 2667.

Nasdaq

The Nasdaq returned to positive territory after significant declines following the Federal Reserve’s rate decision last week.
It rebounded on favorable PCE Index data,
which bolstered confidence in the Fed’s ability to continue rate cuts.
The Nasdaq is expected to rise further, targeting the historical peak near 22,100.

GBPCAD

The GBPCAD pair is trading around 1.8064 after rebounding from demand levels near 1.7950.
Following a recent 50-basis-point rate cut,
continued weakness in the Canadian dollar supports further bullish movement, targeting 1.8235.

Oil

Oil prices remain range-bound but saw gains on Friday,
driven by reports of recovering Chinese demand expected to peak by 2027.
Oil rose to 69.5, with technical indicators suggesting upward movement toward 72.3.
However, if prices break below 68.4, a bearish trend may resume, targeting 66.5.

Major Market Movers: Key News and Asset Insights for the Week

Major Market Movers: Key News and Asset Insights for the Week

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