2024.12.24 2024.12.25 Economic Calendar for the Week 30.12.2024 – 05.01.2025 Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ The upcoming week, 30.12.2024 – 05.01.2025, will be a transitional period marking the end of 2024 and the beginning of 2025. During the days from December 30 to January 1, trading activity is expected to be quite low as people around the world celebrate the New Year….

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In other China news: China has passed a law introducing a value added tax. Will take effect on January 1 2026 according to Xinhua …. another year away Chinese People’s Political Consultative Conference (CPPCC) on March 4 China’s National People’s Congress will be held March 5, 2025 This article was written by Eamonn Sheridan at www.forexlive.com.

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Manufacturing Activity: Remained in contractionary territory; composite index rose to -10 in December (from -14 in November). Est. -10 Component Indexes: Shipments: -11 vs -12 last month Employment: -8 vs -10 last month New Orders: Improved to -11 vs -19 last month Local Business Conditions: Index improved to 0 (from -14); future local business conditions increased to 40 (from…

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GBP/USD trades near 1.2570 as volume remains low during the holiday week. The US Dollar Index DXY stays stable around 108.15, showing little movement. Fed’s gradual interest rate cuts expectations weigh on the Greenback. The GBP/USD pair has seen a modest rise to 1.2550, as low trading volume characterizes the market this week due to the upcoming Christmas holidays….

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The GBP/USD pair has seen a modest rise to 1.2550, as low trading volume characterizes the market this week due to the upcoming Christmas holidays. The pair has been consolidating, with minimal price action as the market adjusts to a quiet holiday period. Similarly, the US Dollar Index (DXY) is largely flat, hovering above 108.00, showing no significant changes as traders await further economic data….

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Is the Aussie ready to extend its losses against the Loonie? Or will buyers step in around these major inflection points? Check out these key levels we’re watching on the 4-hour time frame: AUD/CAD 4-hour Forex Chart by TradingView AUD/CAD seems to be picking up bearish momentum as it breaks below a tight consolidation range between 0.8960 and 0.9000,…

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S&P 500 daily The shortened US equity market session on Christmas Eve is often a formality but Santa Claus delivered this year. The 0.7% rally yesterday in the S&P 500 was followed with 0.8% today and the post-Fed rout has now been largely erased. S&P 500 +1.1% Nasdaq Comp +1.4% (led by +6% for TSLA) Russell 2000 +0.8% DJIA…

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Gold remains steady near $2,610 as the US Dollar continues to strengthen. Fed signals fewer rate cuts next year, reducing upward pressure on Gold. XAU/USD faces downward pressure as it tests 100-day SMA support. The Gold price remains relatively steady around the $2,611 mark, as market participants adjust to a more cautious outlook on US interest rates. The broader…

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