The US dollar began the new negotiation week with the left foot while the market participants continued to tell the narrative of more tariffs by the Trump administration, while investors began to prepare for the FOMC meeting on Wednesday.
This is what you need to know on Tuesday, January 28:
The US dollar index (DXY) recorded moderate losses, although it managed to recover some traction after the bottom of 107.00. The requests for lasting goods will be published first, followed by the FFA housing price index, the consumer’s conference of the Board Conference and the Richmond Fed manufacturing index, all before the weekly report of the API on the API on US crude oil inventories
The EUR/USD rose to new annual peaks around 1,0530 thanks to the position offered in the dollar, only to reverse part of those profits towards the end of the day. Cipollone and ECB Lagarde are expected to speak.
The GBP/USD alternated profits with losses around 1,2480 after an early movement beyond the 1,2500 milestone. The BRC price index should give a vision of how inflationary pressure was behaved in the first month of the year.
The USD/JPY abruptly retreated at least six weeks about 153.70 due to the reassessment of investors on greater hardening by the BOJ. The publication of the Boj minutes will be the next event highlighted in Japan on January 29.
The Aud/USD suffered the discouraging data from the Chinese PMIs during the weekend and deflated the sub-0.6300 region on Monday. The following on the agenda in Australia will be the publication of the NAB Business Trust Index.
The WTI remained well defensive and floted with the annual minimum area near level 72.00 per barrel due to the constant uncertainty around the tariff plans of President Trump.
Gold prices corrected down the neighborhood of their historical peaks seen last Friday and tested the minimum area of ​​several days about $ 2,730 per Troy ounce. Silver prices followed the same path and negotiated at a short distance from their 200 -day SMA key around the 30.00 $ per ounce.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
