The EUR/JPY cross trades on a flat note around 183.80 during the early European trading hours on Tuesday. Expectation of additional rate hikes by the Bank of Japan (BoJ) in 2026 could provide some support to the Japanese Yen (JPY) against the Euro (EUR). 🔗 Source 💡 DMK Insight The EUR/JPY is hovering around 183.80, and here’s why that matters right now: With the Bank of Japan signaling potential rate hikes in 2026, traders should keep a close eye on how this impacts the JPY’s strength against the EUR. A stronger JPY could shift the dynamics of this cross, especially if the Eurozone’s economic indicators don’t keep pace. If the JPY gains traction, we might see a pullback in EUR/JPY, making 183.50 a critical support level to watch. Conversely, if the Euro shows resilience, it could push the cross back towards 184.00. But don’t overlook the broader context—global risk sentiment and economic data releases from both regions could create volatility. If the market perceives the BoJ’s rate hike as too cautious, it might lead to a sell-off in JPY, giving the EUR a chance to rally. Watch for any shifts in sentiment as we approach key economic reports, particularly from the Eurozone, which could influence this cross significantly. 📮 Takeaway Monitor the 183.50 support level in EUR/JPY; a break below could signal further JPY strength ahead of potential rate hikes.

Russia S&P Global Services PMI up to 52.3 in December from previous 52.2 🔗 Source 💡 DMK Insight Russia’s S&P Global Services PMI ticked up to 52.3, and here’s why that matters: A slight increase from 52.2 to 52.3 may seem minor, but it indicates a continued expansion in the services sector, which is crucial for economic recovery. For traders, this could signal a potential strengthening of the Russian ruble against major currencies, especially if this trend continues. Watch for how this affects related assets like Russian equities or commodities, as a robust services sector can boost investor confidence and spending. However, it’s worth noting that the PMI’s marginal rise might not be enough to shift market sentiment significantly. Traders should keep an eye on upcoming economic indicators and geopolitical developments that could overshadow this data. Key levels to watch include any resistance or support in the ruble’s trading range, particularly against the USD, as fluctuations here could provide actionable opportunities in forex trading. 📮 Takeaway Monitor the ruble’s performance against the USD for potential trading opportunities, especially if the PMI trend continues to strengthen.

Gold price (XAU/USD) edges higher above $4,350 during the early European trading hours on Tuesday. The precious metal recovers some lost ground after falling 4.5% in the previous session, which was gold’s largest single-day loss since October. 🔗 Source 💡 DMK Insight Gold’s bounce above $4,350 is crucial after a steep 4.5% drop—here’s why. The recent sell-off marked gold’s largest single-day loss since October, raising concerns about market sentiment and potential volatility. This recovery could signal a short-term buying opportunity, especially if it holds above the $4,350 level, which now acts as a key support. Traders should watch for resistance around $4,400; a break above could indicate a more sustained rally. Conversely, if gold fails to maintain this level, it might trigger further selling pressure, especially from retail traders looking to cut losses. It’s also worth noting that this price action could ripple through related assets like silver and platinum, which often move in tandem with gold. If gold stabilizes, we might see similar recoveries in these markets. Keep an eye on the daily chart for signs of consolidation or reversal patterns, as they could provide clues about the next moves in this volatile environment. 📮 Takeaway Watch for gold to hold above $4,350; a break above $4,400 could signal a stronger rally.

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $57.85 during the early European trading hours on Tuesday. The WTI price extends the rally amid the lack of a breakthrough on a peace deal in Ukraine and geopolitical risks.  🔗 Source 💡 DMK Insight WTI crude oil’s rise to $57.85 signals heightened geopolitical tensions and potential supply constraints. With ongoing conflicts in Ukraine and no signs of resolution, traders should brace for volatility. The current price reflects not just market sentiment but also the risk premium associated with geopolitical instability. If WTI can hold above $57, it might attract more bullish positions, especially from institutional players looking to hedge against further disruptions. Conversely, a drop below this level could trigger stop-losses and lead to a rapid sell-off, particularly among retail traders. Keep an eye on the $55 support level; a breach could signal a shift in sentiment. Also, monitor related assets like Brent crude, which often moves in tandem with WTI. The next few days could be pivotal as traders react to any news from the Ukraine front or OPEC’s production decisions. 📮 Takeaway Watch for WTI to hold above $57; a drop below could trigger significant selling pressure, while a sustained rally may attract institutional buying.

Turkey Economic Confidence Index remains unchanged at 99.5 in November 🔗 Source 💡 DMK Insight Turkey’s Economic Confidence Index holding steady at 99.5 signals stability, but here’s why traders should care: An unchanged index suggests that consumer and business sentiment isn’t shifting dramatically, which could impact the Turkish lira’s volatility. For traders, this stability might mean a pause in aggressive trading strategies related to the lira, especially if they were anticipating a decline or rise in confidence. If the index were to drop significantly, it could trigger bearish sentiment, leading to a sell-off in Turkish assets. Conversely, a rise above 100 could indicate improving conditions, prompting bullish positions. Keep an eye on related markets, like emerging market ETFs or commodities linked to Turkey, as they could react to shifts in economic sentiment. The real story is that while the index is stable now, any future changes could have a ripple effect on the lira and associated assets. Watch for upcoming economic reports or political developments that could influence this index, as they might provide critical trading signals. 📮 Takeaway Monitor Turkey’s Economic Confidence Index closely; a shift above 100 could signal bullish opportunities for the lira and related assets.

Here is what you need to know on Tuesday, December 30: 🔗 Source

Silver price (XAG/USD) gains more than 2% after registering a steep drop of more than 7% in the previous session, trading around $74.40 per troy ounce during the early European hours on Tuesday. 🔗 Source 💡 DMK Insight Silver’s bounce back over 2% after a sharp 7% drop is a critical moment for traders. This volatility could signal a potential reversal or just a short-term correction. Traders should keep an eye on key resistance levels around $75, as a sustained break above could trigger further buying interest. On the flip side, if silver fails to hold above this level, we might see another wave of selling pressure. The broader market context, including the dollar’s strength and interest rate expectations, will also play a significant role in silver’s trajectory. Watch for any economic data releases that could impact these factors, as they might create additional volatility in the coming days. 📮 Takeaway Monitor silver’s resistance at $75; a break could lead to further gains, while failure to hold may trigger selling.