EUR/USD could be somewhere near 1.1500 by end-2024, economists at ING report.
Blogs
Gold unlikely to fall much lower – Commerzbank
Strategists at Commerzbank discuss poor sentiment in the metals markets.
United States UoM 5-year Consumer Inflation Expectation declined to 2.8% in January from previous 2.9%
United States UoM 5-year Consumer Inflation Expectation declined to 2.8% in January from previous 2.9%
United States Michigan Consumer Sentiment Index above forecasts (70) in January: Actual (78.8)
United States Michigan Consumer Sentiment Index above forecasts (70) in January: Actual (78.8)
United States Existing Home Sales (MoM) came in at 3.78M, below expectations (3.82M) in December
United States Existing Home Sales (MoM) came in at 3.78M, below expectations (3.82M) in December
United States Existing Home Sales Change (MoM): -1% (December) vs previous 0.8%
United States Existing Home Sales Change (MoM): -1% (December) vs previous 0.8%
A bit more USD strength seems more likely than not in the coming weeks – Scotiabank
The US Dollar (USD) is poised to notch up a solid gain on the week.
EUR/JPY reversal from 161.85 is contained above the 160.80 support area
The Euro loses steam as German Producer Prices drop beyond expectations.
Pound Sterling falls further as weak UK Retail Sales soften inflation outlook
The Pound Sterling (GBP) falls sharply as the United Kingdom Office of National Statistics (ONS) reports downbeat Retail Sales data for December.
USD/CAD should find support on dips to the low/mid-1.3400s – Scotiabank
The Canadian Dollar (CAD) edges slightly higher but scope for gains looks limited, economists at Scotiabank report.