🌅 Morning Update (19.12.2024) 📉 Market Declines Yesterday's session ended with sharp declines after the Fed cut interest rates by 25 basis points to 4.5%, as expected. However, the Fed revised its macroeconomic forecasts significantly and signalled a cautious approach to future decisions. 🗣️ Powell stated that achieving the inflation target could take more than 1-2 years. This caused notable market reactions: EURUSD dropped by nearly 1.5%. US100 fell by 4.5%. 💹 Bank of Japan Holds Steady This morning, the Bank of Japan decided to keep rates unchanged at 0.25%, with 8 votes for holding and 1 for a hike. Initially, the yen hit a one-month low against the dollar before recovering slightly. USDJPY is currently around 155.00. Investors are now awaiting Chairman Ueda's press conference. 🇳🇿 New Zealand Economy Struggles Q3 GDP data from New Zealand showed: A 1% q/q decline (worse than the expected -0.4%). A 1.5% y/y drop (also below forecasts). The Reserve Bank of New Zealand isn’t meeting until 19 February, but expectations for a 50bp rate cut are rising. NZDUSD has fallen by 2.5% in the past 24 hours due to weak domestic data and USD strength. 🏅 Precious Metals Bounce Back Gold is recovering after testing support near its 100-day EMA during yesterday's corrections. 📊 Key Data to Watch Today Today's agenda includes: Norges Bank and Riksbank rate decisions 🏦 Polish labour market data 🇵🇱 BoE decision 🇬🇧 Q3 GDP report from the US 🇺🇸 US jobless claims and gas inventory data 🇺🇸 💎 Crypto Update Bitcoin is fighting to stay above the $100,000 psychological barrier. Most cryptocurrencies are under pressure, reflecting the negative sentiment in traditional markets. 📢 Stay tuned for updates!