tl;dr
The crypto world is poised for success in 2024, with major players like the United States, Japan, and China showing interest in market action. Central bank activity is influencing the US Dollar, while in Europe, events are impacting currency pairs and other currencies. Additionally, events around th...
Crypto World Poised for Success in 2024
The crypto world is showing a fruitful ending towards the new year, 2024, with events piling up showing an expected green market. Among the big players showing a lot of interest include the United States, Japan, and China, as their economies intend to focus on market action for next year.
Heightened Central Bank Activity Affecting US Dollar Trends
Major events include the heightened central bank activity. The US Dollar will be trending based on the housing sector and unemployment claims. In Europe, the ECB issues various warnings and the Kiwi dollar and Aussie to be impacted by the Chinese indicator.
Events Around the United States Dollar
This coming Tuesday, Chicago Fed National Activity, as well as the house price numbers, are to kick off the week, and in this case, the Housing sector could have a bigger impact. Its upward trend could indicate a robust economy for the United States. Additionally, the US unemployment claims will also be taken into consideration as the initial steady joblessness could indicate favorable conditions for a stable labor market.
Market Events in Europe
Among the major influencers of the European economy is the Spanish indicator, which mostly targets the buyer appetite for EUR/USD currency pairs. The pound is expecting a shortened week ahead as the UK prices will be considered on Friday. The Loonie doesn’t have any economic indicator that influences the buyer’s appetites, and as such, the lack of status will have the Canadian dollar place its hands in crude oil numbers.
Conclusion:
The Loonie, Australian dollar, and Japanese yen are also affected by various economic indicators and events. As such, it's important for investors to closely monitor market trends and stay informed on the key events happening in the United States, Europe, and Asia. By understanding how these events and indicators can impact various currencies, investors can make well-informed decisions and optimize their portfolio for success in 2024.
Disclaimer:
This is not financial advice. Please do your own research before investing in any asset.