Home -
Brokers -
Main body -

WikiFX Express

Exness
EC Markets
XM
TMGM
FOREX.com
FXTM
AvaTrade
IC Markets Global
FXCM
D prime

Stock markets sustain year-end rally with low liquidity

ZERO MARKETS | 2023-12-29 15:08

Abstract:The last week of the year reveals ups and downs, with stock markets sustaining a year-end rally while liquidity remains low. We will explore the optimism driven by record highs on Wall Street, the US interest rate outlook for 2024 and the opportunities and challenges in assets such as Gold and the Euro/USD pair.

23ewrfgfdszxcx.jpg

The last week of the year reveals ups and downs, with stock markets sustaining a year-end rally while liquidity remains low. We will explore the optimism driven by record highs on Wall Street, the US interest rate outlook for 2024 and the opportunities and challenges in assets such as Gold and the Euro/USD pair.

Last week, the New York Stock Exchange accumulated its 8th consecutive week of increase. Despite the sideways closure before Christmas, the week started with new records being set! Novembers PCE, weaker than expected, strengthened the prospect of lower interest rates in 2024.

American economic data released in the penultimate week of 2023 helped consolidate bets on the Fed cutting interest rates at the beginning of next year. The Q3 2023 GDP indicated that the US is heading towards a “soft landing”, and the November PCE confirmed the declining inflation trajectory. Although some members of the American Central Bank still show caution (which is, without a doubt, their role), the market already considers monetary easing to be certain, with only the date left to be confirmed – the FOMC meeting in March or May 2024, with greater probability at first.

This is the apex of the economic cycle. This moment of inversion has everything to make 2024 the best year of the next decade for stock markets. Brazil is very well positioned, being one of the highlights among emerging markets, while others are involved in conflicts, making Brazil one of the best investment options. In this scenario, we also have a strong projection for IPOs next year.

A projection by Bank of America, cited by Estadão, estimates that funding on the Brazilian stock exchange over the next 18 months could reach US$100 billion to US$120 billion in a benign “perfect storm” scenario, with interest rate cuts in the US.

For this week

Liquidity is extremely low in this last business week of the year. We will not have relevant data capable of changing any expectations. We recommend caution due to low liquidity; rapid movements can occur and disrupt short-term operations.

Gold Analysis

The XAUUSD Gold contract maintains a robust upward trend, in line with the devaluation of the US dollar. We are close to significant resistance, the high of U$2,075.00, which was reached previously. Despite having been broken, it is important to note that it left a considerable fuse, which will be disregarded here. This week, due to low liquidity, the most recommended option is to stay on the sidelines. However, for those who decide to trade, we suggest paying attention to this notable resistance, making it logical to speculate a sale with a short stop above it.

image.png

XAUUSD, 1D (TradingView)

Euro/USD Analysis

The EURUSD pair continues its strong upward trajectory, starting the week at new heights. When plotting a Fibonacci expansion, we can project a first target around U$1.11 and a second target above at U$1,115. However, it is important to remember that this is not an ideal week to trade, although volatility is high. Always keep a well-placed stop when considering any move.

image.png
img_v2_ff2b99dc-3016-43b7-b9d9-35658d24d40g.png
Broker

Related broker

Regulated
ZERO MARKETS
Company name:ZERO Markets LLC
Score
6.38
Website:https://www.zeromarkets.com/
5-10 years | Regulated in New Zealand | Regulated in Australia | Market Maker (MM)
Score
6.38

Read more

QuoMarkets Exposed: High Slippage, Profit Withholding & Other Scams

Failed to receive unlimited leverage as promised by QuoMarkets? Witnessing higher slippage and a subsequent drop in your trading account balance? Does the forex broker withhold your profits? These have become typical of the way QuoMarkets runs its operations. In this article, we have exposed the forex broker on all these points. Keep reading different QuoMarkets reviews.

Original 2025-09-26 20:42

Nostro Exposed: Payout Delays & Server Downtime Plague Traders

Have you gone through a scam in your forex trading account balance with Nostro? Do you witness constant server downtime and losses thereafter? Has the customer support team been unresponsive to your queries? Many forex traders have faced these issues and therefore criticized the broker on review platforms. In this Nostro review article, we have pointed out their specific concerns that were not addressed by the India-based forex broker. Keep reading!

Original 2025-09-26 19:40

Galileo FX Review 2025: About Its Regulation, Reviews & Risks

Galileo FX is a trading robot that runs on platforms like MetaTrader 4 and MetaTrader 5. Check its regulation and decide if it’s a good choice for your investment or not?

Original 2025-09-26 19:29

Is Jefferies A Regulated Broker? A Broker’s Review

Regulated global broker review: Jefferies’ FCA license 139253, CIRO oversight in Canada, core services, address at 100 Bishopsgate, London, and risk notes in one guide.

Original 2025-09-26 18:04

WikiFX Express

Exness
EC Markets
XM
TMGM
FOREX.com
FXTM
AvaTrade
IC Markets Global
FXCM
D prime

WikiFX Broker

FXTM

FXTM

Regulated
Exness

Exness

Regulated
DBG Markets

DBG Markets

Regulated
XM

XM

Regulated
AvaTrade

AvaTrade

Regulated
Eightcap

Eightcap

Regulated
FXTM

FXTM

Regulated
Exness

Exness

Regulated
DBG Markets

DBG Markets

Regulated
XM

XM

Regulated
AvaTrade

AvaTrade

Regulated
Eightcap

Eightcap

Regulated

WikiFX Broker

FXTM

FXTM

Regulated
Exness

Exness

Regulated
DBG Markets

DBG Markets

Regulated
XM

XM

Regulated
AvaTrade

AvaTrade

Regulated
Eightcap

Eightcap

Regulated
FXTM

FXTM

Regulated
Exness

Exness

Regulated
DBG Markets

DBG Markets

Regulated
XM

XM

Regulated
AvaTrade

AvaTrade

Regulated
Eightcap

Eightcap

Regulated

Latest News

KOT4X Signals Wind-Down: Clients Told to Close Positions and Withdraw Funds

WikiFX
2025-09-25 22:45

ADCB Faces Customer Backlash on All Fronts: Check Top Complaints

WikiFX
2025-09-25 19:21

Fxnice Review 2025: Is Fxnice a Scam?

WikiFX
2025-09-25 17:04

How to Trade Forex in Malaysia | Know These Before You Start

WikiFX
2025-09-25 17:18

Travelex Launches Same Rate Guarantee at Changi

WikiFX
2025-09-25 17:54

ZForex Review Alert: 5 Red Flags About Its Regulation, Leverage & Withdrawal

WikiFX
2025-09-25 17:32

Forex Market Time Converter Explained: Trading Hours, Sessions & More

WikiFX
2025-09-25 18:02

Trump Announces New Round Of Tariffs On Drugs, Heavy Trucks And Furniture

WikiFX
2025-09-26 06:05

Assembly of 100 Authoritative Judges Marks Commencement of Second SkyLine Guide Thailand!

WikiFX
2025-09-26 10:10

QuoMarkets Exposed: High Slippage, Profit Withholding & Other Scams

WikiFX
2025-09-26 20:42

Rate Calc

USD
CNY
Current Rate: 0

Amount

USD

Available

CNY
Calculate

You may also like

Reverie Markets

Reverie Markets

PhyxTrade

PhyxTrade

Ondo FX

Ondo FX

SM Trading Center

SM Trading Center

Cstone Canada

Cstone Canada

FiduciaryTriadMarket

FiduciaryTriadMarket

Tradevest

Tradevest

Mevora Capital

Mevora Capital

Tharwa Investment

Tharwa Investment

uMarketPro

uMarketPro