Blogs

Atlanta Federal Reserve (Fed) President Raphael Bostic gave some talking points about the 2024 economic outlook while attending the Atlanta Rotary Club on Monday.

In Monday's trading session, the silver prices, represented by the XAG/USD pair, took a bullish turn, trading at a higher level of around $23.15.

The AUD/USD turned flat during the mid-North American session on Monday after hitting a daily low of 0.6677, but an improvement in traders' appetite weakened the Greenback (USD).

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The GBP/USD is bounding higher in a risk-on market session to kick off the new week as broad-market risk appetite steps up in the US market session, pushing the US Dollar (USD) down and giving the rest of the major currencies some breathing room.

The Euro (EUR) advances against the US Dollar (USD) in early trading on Monday as the Greenback (USD) weakens, with no fundamental reason, except for traders increasing the odds for the first rate cut of the Federal Reserve by its March meeting.

The Federal Reserve Bank of New York's latest Survey of Consumer Expectations showed on Monday that the US consumers' one-year inflation expectation dropped to its lowest level since January 2021 at 3% in December from 3.4% in November.

EUR/USD rallied strongly into the end of last year. Economists at MUFG Bank analyze the world’s most popular currency pair outlook for 2024.

Following a surprise beat from Friday’s non-farm payrolls, the S&P 500 concluded the first trading week of the year on the back foot and snapped a nine-week winning streak.

The US Dollar (USD) trades a bit softer this Monday after the start of the US trading session. Main driver for the step back is the Risk On mode that is being switched on with the US opening bell. Mainly the Nasdaq is leading the charge, up over 1%