Published: 2023-12-28T09:26:46.000Z
Psychology for major markets 28 Dec
Director of Research , Macroeconomics and Strategy
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Topics
USD negative tone on end of year selling and 2024 Fed cut fever.
EUR/USD Market consolidating EUR gains above 1.10, but apprehension that a correction could be seen after end year flows ebb.
USD/JPY Traders do want to test 140.00 on USD/JPY and some feel that this could occur this week given recent momentum.
GBP/USD Moving in lock step with EUR/USD and helped by sense BOE could cut after Fed.
USD/CHF Break of chart points see extra momentum, but traders looking at key 0.8320 USD support.