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Weekly Market Report: Monday, December 25th, 2023, to Friday, December 29th, 2023.

Good day, traders!

Welcome to this week's edition of our weekly market review, where we share with you some important data and highlight major market events that occurred during the trading week as they relate to DXY, Dow Jones (US30), and the Nasdaq (NAS100).

DXY

  • Overall Percentage Loss of the week: -0.32%
  • Total Pip-Loss of the week: Overall, about 33 pips were lost this week.
  • Fluctuations of price during the week: The price range for this week on DXY was between the high of 101.771 and low of 100.617.

Due to the festive period, banks went on holidays which affected the market. There was no activity on Monday as the majority of the banks went on holidays.

Though there were no high-impact news releases affecting the DXY this week, the market still had enough lowi-mpact news to run on. These were the Unemployment claims, Goods Trade Balance and Crude oil inventories.

Price movement this week was bidirectional as Tuesday and Wednesday saw price decline to its lowest low at 100.617. Thursday and Friday saw bullish movement in price to where it closed at 101.379. There was no price movement on Monday due to the bank Holidays.

This week also showed a further decline in continuation of previous weeks bearish move.

Dow Jones (US30)

  • Overall Percentage gain of the week: +0.83%
  • Total Points gained this week: a massive 310.89 points gained
  • Fluctuations of price during the week: With an opening price and low of the week on Tuesday at 37400.85, the Dow correctively moved upwards till it peaked at the week's high at 37825.80. Price then declined on Friday to close at 37710.94. 

The price action of the DOW this week was unidirectional as it showed a bullish move this week.

Top three gainers this week: Travelers Companies Inc (+0.613%), Verizon Communications Inc (+0.56%), and Procter and Gamble Co (+0.556%).

Three Biggest losses this week: Walgreens Boots Alliance Inc(-1.842%), Salesforce Inc (-0.919%), and Dow Inc (-0.706%).

Nasdaq (NAS100)

  • Overall Percentage gain of the week: +0.13%
  • Total Points gained this week: about 21.82 points were gained this week in total.
  • Fluctuations of price during the week: With an opening price at 16795.63 on Tuesday, the Nasdaq also began with a corrective bullish move this week till Wednesday where it peaked at the high of the week at 16872.00. Price then declined Thursday and Friday to where it made the low of the week at 16751.60 and closed at 16817.45 on Friday.

This week's move, though bullish at the beginning of the week, ended up indecisive.

Top three Gainers this week: O’Reilly Automotive Inc (+0.942%), T-Mobile US Inc (+0.868%), and Moderna Inc (+0.668%).

Three Biggest losses for the week: Warner Bros Discovery Inc (-2.652%), PayPal Holdings Inc (-2.647%), and Illumina Inc (-2.033%).

To sum it up, this week in trading was quite a ride! The U.S. Dollar (DXY) had its ups and downs, influenced by the holiday season. Dow Jones (US30) was all about the bulls, with big wins from Travelers and Verizon. Nasdaq (NAS100) started strong but ended up a bit unsure.

It is a reminder that the market dance can be influenced by holidays and unique events. As we step into the new year, keep your eyes on the ever-changing global scene, and enjoy the rollercoaster of trading.

Cheers to more exciting weeks ahead in the financial world!