forecasts for 2024

The realm of foreign exchange, commonly known as forex trading, stands out as a dynamic and high-speed financial arena on a global scale. In this exploration, we will immerse ourselves in the intricacies of currency trading, providing strategic insights for 2023 and unveiling anticipated currency trends for 2024. The goal of this article is to empower readers with the knowledge needed to navigate this ever-evolving market.  Recapping 2023 The financial landscape of 2023 has been significantly influenced by notable events:

The holiday season not only brings festive cheer and goodwill but also carries with it a phenomenon known as the Santa Claus rally in the financial markets. To truly understand the essence of this rally and its implications, we must embark on a journey that intertwines the iconic figure of Santa Claus with the dynamics of stock markets. Santa Claus, an emblematic character associated with joy and gift-giving, takes center stage during Christmas, becoming the unofficial patron of the festive season in the United States.

Key events:       USA – ISM Manufacturing PMI (Dec)   USA – JOLTs Job Openings (Nov)   USA – FOMC Meeting Minutes The classic year-end reviews here and there reminded us of the exceptional nature of the past year: the Russian aggression in Ukraine, the energy and food price shock, serious problems in the labor market, inflation that exceeded the central banks' target rates several times, which led to a tightening of monetary policy on the "whatever it takes" principle, etc.