Daily Summary: gold close to $2000, sharp decline in EURUSD

US indexes had a mixed session. The opening of the cash session saw declines after the long weekend, followed by a slight rebound. Selling pressure returned to the market after slightly hawkish comments from Fed banker Waller.

US500 loses 0.50%, falling below the 4800 point level, while US100 drops 0.30% to 16900 points.

Sentiments in the European session were mostly negative. The German DAX lost 0.3%, the FTSE fell nearly 0.5%, and the CAC40 retreated by 0.18%.

Christopher Waller emphasized that in 2024, the market can expect, in a base scenario, 3 cuts of 25 basis points, which is half less than what Wall Street currently expects.

USD ends the day on a solid plus. USD is the strongest currency among the G10 today. Meanwhile, the Japanese yen has another weaker day. USDJPY gains over 1.05% to 147.200.

EURUSD loses over 0.73%, and the dollar index gains 0.8%. The priced chances of a rate cut in March have dropped.

Business activity sharply fell in New York State, according to firms responding to the January 2024 Empire State Manufacturing Survey. The headline general business conditions index dropped twenty-nine points to -43.7, the lowest reading since May 2020.

CPI inflation in Canada, year-over-year in December, was 3.4% (as expected) compared to 3.1% in November.

Spirit Airlines' shares plummet 50% after an unexpected U.S. antitrust court disapproval of its merger with JetBlue.

AMD leads gains in the semiconductor sector. The stock records a 7% increase related to the future of AI technology, positively commented on by Barclays analysts.

Gold erased nearly a 1% increase and currently loses almost 1.5%, putting pressure on miners' stocks in the precious metals sector. Shares of Sibanye and Barrick Gold are down by 7% and 8.5%, respectively.

Bitcoin remains in consolidation in the $42000-$43000 range, with larger increases observed in Ethereum and some altcoins.

Among crypto projects, CHILLIZ shows distinctly positive sentiments with a nearly 20% rebound. In the absence of specific information, the rebound can be linked to comments from the CEO and the growing popularity of the project among sports team fans on the Socios.com platform.