The Dollar continues its run, Gold consolidates, rates remain high... this Monday brings no notable changes (except for the consolidation of precious metals) in the absence of 'stats' today (no 'NFP', no ISM, no 'little phrases' from central bankers).

The results of the major US banks (Citi, Goldman Sachs, JPMorgan and Wells Fargo will publish after tomorrow, Bank of America and Morgan Stanley on Thursday) will be closely scrutinized, as they will provide investors with an interesting insight into the current state of the economy.

This could be a good opportunity to review the outlook for consumer spending and investment in the USA.
If the figures show that activity is running out of steam (as in the case of revolving credit, with a fall in volumes demanded), this could halt the Dollar's ascent.
Paradoxically, half-hearted figures would be good news in the current climate of yield tension: the markets are now expecting only 1 monetary easing in 2024, 2 at most by 2025.

The dollar remains at its zenith, setting a new 2-year record against the euro, which is down -0.3% at 1.0210 (and even as low as 1.0180 intraday).
The $ Index is up 0.3% to 110.00 (with a high of 110.15).
The greenback's rise was uniform against all currencies, ranging from +0.25% to +0.3% against the yen, the pound and the Swiss franc.
Note a new all-time high for the dollar against the Indian rupee, down to $0.0115.
The yuan has been stabilized by the PBOC at $7.3325/$ since last Wednesday, marking the end of a -4.5% slide since mid-October.
Gold is consolidating by -0.9% towards $2,665, after returning last Friday to levels close to its all-time highs reached over 2 months ago, while silver is falling more heavily, by -2.5% towards $29.65, erasing all its gains since January 3.
Rate tension is beginning to affect crypto-currencies heavily, with Bitcoin down 4% (below $92,000), Ethereum down 9% (falling back towards $3,000, i.e. -20% in one week, like Solana).


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