The U.S. Dollar is trading in mostly favorable yet tight ranges as we close out 2024 with the best yearly performance since 2015
Overview
We will be closed tomorrow in observance of the New Year holiday. Investors will be in Wait-and-See mode as we enter a year that could witness chances to the status quo in how trade is conducted, and we test the limits on tech. There is concern that equities market growth has been too highly concentrated on a number of high-tech companies as headwinds are still faces across other sectors even after the post-pandemic recovery and Fed interest rate cuts.
Stock exchanges flourished with the S&P 500’s rally that saw it value increase by another 24.0%. Traders and investors wonder if indeed the solid economic growth witnessed in 2024 can be sustained. Dollar-wise, we are at the mercy of any headlines and Manufacturing Purchasing Managers Index on Thursday. We look forward to 2025 and wish you a Happy New Year.
What to Watch This Week…
- Construction, Jobless Claims and PMI, Thursday
- US ISM Manufacturing, Friday
- Monex USA Online is always open
