The Japanese Yen (JPY) trims a part of Asian session gains against its American counterpart as bulls seem reluctant on the back of the uncertainty over the timing of another interest rate hike by the Bank of Japan (BoJ).

The S&P 500 is on track to close its second consecutive year with over 20% gains, and this positive momentum is expected to continue into 2025.

The correction in wave 2 seems to be over so we focus on the five-wave rally of wave 3 and the price action remains in an uptrend. We are looking for a re-entry into the trend.

The Australian Dollar (AUD) stays steady against the US Dollar (USD) following Tuesday's release of the Reserve Bank of Australia's (RBA) November Meeting Minutes.

Third-quarter results from retail giants Walmart and Target will be a highlight of this week’s earnings lineup.