Outlook on FTSE 100 and DAX 40 as the year 2023 draws to a close.

GBP prices are approaching key resistance while showing technical signals that could point to impending downside to come, while UK housing prices advance since November.

2023 was a year that lessened the stature of central bank forward guidance. Forward guidance is a tool used by central banks to communicate monetary policy projections.

AUD prices continue their ascent as US economic data comes into focus later today.

JPY prices were weighed down this Wednesday morning after the BoJ’s Summary of Opinions reflected a hesitant central bank with regards to monetary policy changes.

Gold prices extend their upside rally ahead of the last trading week of 2023 which isn’t expected to provide too much in terms of volatility. XAU/USD looks to hold above $2050.

USD prices trade at a major area of confluence that has held firm since May 2021 as core PCE deflator, durable goods orders and Michigan consumer sentiment looms.

USD/CAD prices are trading at extreme levels ahead of Canadian earnings and retail sales as well as the US GDP report.

GBP prices weakened as UK inflation showed a drastic decline that could lead to the BoE cutting rates earlier than expected.

USD/CAD prices are cautious ahead of US and Canadian economic data with the US dollar possibly looking to make a comeback.

Gold prices almost hit the $2150 level as safe haven demand from increasing tensions in the Middle East. XAU/USD now looks to be in for a breakdown lower.

Crude oil prices slumped last week after OPEC+ announced voluntary cuts into 2024 as US factors play an important role in short-term guidance this week.

Gold prices rallied to end the week well above the $2000 mark as XAU/USD heads into the overbought zone.

USD/CAD prices have reached a key inflection point with a possible upside reversal looming. Canadian employment and Fed speak crucial for short-term guidance.

Pound prices have climbed steadily on the back of the USD selloff and will continue to be influenced by the US later today via the US core PCE price index report.

The NZD was bolstered by the possibility of future rate hikes should New Zealand inflation remain elevated. Kiwi dollar now looks to the US economy for guidance.

Gold prices stay well supported this Tuesday ahead of CB consumer confidence and Fed speakers. XAU/USD managing to hold above $2000/oz.

AUD prices stay bid this Tuesday morning despite weak Australian retail sales data and a hesitant RBA Governor Bullock.

JPY prices have managed to begin the week on the front foot as elevated Japanese inflation stokes hawkish bets.

EUR prices pulled back slightly as German GDP breached negative territory on the quarterly statistic. Ifo business climate and ECB speak in focus later today.

Rand prices barely moved after the SARB Governor Lesetja Kganyago announced the MPC decision to keep interest rates on hold.

AUD prices are bid this morning despite Judo Bank PMI’s reaching fresh yearly lows as Thanksgiving Day is expected to result in muted trading today.

USD/JPY swiftly recovered yesterday’s downside move but US economic data could aid in a bullish yen outlook.

USD/CAD prices are on the precipice of a breakdown lower but US macroeconomic data and OPEC+ decision on supply are crucial for short-term guidance.

Rand prices stay firm after a lackluster few trading sessions as markets keenly await the FOMC minutes, South African CPI and the SARB rate announcement later this week.

Pound prices stay elevated after UK public sector borrowing beat expectations but highlighted the persistent debt crisis. FOMC minutes next up for GBP/USD.

EUR prices may be reaching their limit as the eurozone continues to show signs of weak economic growth. EUR/USD currently holding above 1.09.

AUD prices are up almost 0.70% against the USD after China kept LPR on hold alongside a weaker greenback.

USD/JPY continues to hover around the 150 mark ahead of Japanese CPI next week.

AUD prices are trading lower this Friday morning as Fed officials did not waver in their hawkish messaging after jobless claims data crept higher.