Blogs

Atlanta Fed President Raphael Bostic remained optimistic that inflation will continue to cool this year and signaled the possibility of two rate cuts in the second half of 2024.

Oil trades near $72.50 on Tuesday, bouncing off Monday’s low near $70, after Saudi Arabia lowered prices of its Oil exports into Asia. Meanwhile, analysts and fund managers are welcoming the current decline in Oil prices, which will bring inflation

Mexico 12-Month Inflation registered at 4.66% above expectations (4.55%) in December

Mexico Headline Inflation registered at 0.71% above expectations (0.61%) in December

Mexico Core Inflation came in at 0.44% below forecasts (0.5%) in December

Mexican Peso (MXN) bucked weaker LatAm trend in the first week of 2024.

GBPUSD stepped on the 20-day simple moving average (SMA) and climbed back above the broken short-term support trendline from October at 1.2720, reviving hopes that the soft four-day bullish wave could gain extra legs in the coming sessions.

EUR/GBP has edged just below the 0.86 level. Kit Juckes, Chief Global FX Strategist at Société Générale, analyzes Sterling’s outlook.

Ireland Retail Sales (YoY) climbed from previous -0.2% to 0.8% in November

Portugal Global Trade Balance up to €-7.1B in November from previous €-7.54B