Last year ended on a strong note for the Swedish Krona (SEK).
Blogs
A back up in short-term rates could frustrate Dollar bears in the near term – ING
The consensus view in 2024 is that the Dollar will decline.
Stock market deep dive
This week has seen a torrent of earnings releases, corporate news and price action so it can be worth breaking it down to see what’s going on and what may continue to drive markets in the coming days and weeks.
EUR/USD edges up as US inflation print fuels Fed rate cut speculation
The EUR/USD gained some 0.14% in early trading during the North American session as prices in the United States (US) remained above the US Federal Reserve’s goal but eased compared to November’s figures.
United States Pending Home Sales (YoY) up to 1.3% in December from previous -5.2%
United States Pending Home Sales (YoY) up to 1.3% in December from previous -5.2%
United States Pending Home Sales (MoM) came in at 8.3%, above forecasts (1.5%) in December
United States Pending Home Sales (MoM) came in at 8.3%, above forecasts (1.5%) in December
The US Dollar should appreciate this year as risk returns to the forefront – NBF
After ending 2023 on a weak note on the anticipation of a H1 2024 pivot by the Fed, the USD is back on an uptrend.
Fed: First move in March, but risks are clearly tilted towards later cuts – Nordea
Financial markets have started 2024 with a rebound in interest rates as central banks have pushed back against expectations of near-term rate cuts.
Gold Price Forecast: XAU/USD unlikely to make any great advances – Commerzbank
What ultimately matters more for the Gold market is when and how much the US Fed cuts interest rates, strategists at Commerzbank say.
Tesla Stock News: After TSLA slips 12% on poor quarter and outlook, lower PCE inflation supplies tailwind
Tesla (TSLA) stock plummeted 12.13% on Thursday, the electric vehicle (EV) company’s worst outing, percentage-wise, since January 3, 2023.