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<p>The major US stock indices are opening higher after rising yesterday. The major indices are on a 8-week winning streak. </p><p>Recall from yesterday:</p><ul><li>Dow Industrial Average rose 159.36 points or 0.43% at 37545.34</li><li>S&amp;P index rose 20.10 points or 0.42% at 4774.74</li>&

Economists at ANZ Bank expect the USD/CAD pair to move lower in 2024.

The Sterling has been trading without a clear direction during the last three weeks, which results in the triangle pattern we can see in the daily and four-hour charts.

Gold price (XAU/USD) looks set to rally further after a significant decline in the United States core Personal Consumption Expenditure price index (PCE) in November has boosted hopes of early rate cuts by the Federal Reserve (Fed).

The US Dollar (USD) is hanging over an abyss of substantial downturn since its weak performance ahead of Christmas. On the US Dollar Index (DXY) chart, a broad area is open for a quick decline in the Greenback’s value.

Oil prices are set to pop higher with a pickup in demand. The demand comes from Indian refiners, the third biggest in the world, who are purchasing oil from nearby Middle Eastern countries for immediate delivery. The surge in demand comes as

The Pound Sterling (GBP) aims for a breakout of volatility contraction amid downbeat US Dollar. The GBP/USD pair remains broadly upbeat as

The USD/CHF pair finds interim support after refreshing eight-year low near 0.8500.

The Kiwi maintains its near-term bullish bias intact and keeps trading higher against the US Dollar, consolidating at five-month highs at 0.6330, favoured by the positive market mood.

It is worth noting that the Euro will celebrate its 25th birthday at the turn of the year.