This is what you need to know to trade today Wednesday, January 27:
Markets are moving mixed and the US dollar is moving slightly lower ahead of the Federal Reserve decision later in the day. Optimism about covid vaccines and concerns about the current winter wave are moving the markets. Durable goods orders will also be announced.
The Federal Reserve She is willing to leave her monetary policies unchanged and emphasize that she will not reduce her bond buying program despite the increase in yields. The Fed could comment on recent economic weakness as well as prospects for a better second half of the year. Jerome Powell, Chairman of the Federal Reserve, can be asked about the stock markets.
The gamestop actions They have attracted attention after hitting new highs and challenging short sellers. The Fed can also address exuberance in equity markets.
See: Fed Preview: Fearing the Markets or Pushing on Biden’s Stimulus? Three scenarios
Gold has been stabilizing around $ 1,850, awaiting further clues of further stimulus from the central bank and also as talks of fiscal stimulus in Washington. President Joe Biden’s team met with a group of moderate Democrats and Republicans in an effort to find common ground. The administration also announced that it is working to increase the production and distribution of vaccines.
Before the Fed, US durable goods orders they will show a slowdown in December. The figures are incorporated into fourth-quarter GDP gross domestic product data to be released on Thursday.
See: December US Durable Goods Orders Preview: Has Job Loss Went Over to Consumer Market?
The UK passed the grim milestone of 100,000 coronavirus deaths, but investors are focusing on Britain’s rapid vaccination scheme, which is leading in the West. He GBP/USD surpassed the region of 1.3750, reaching the highest level since 2018, also driven by optimistic employment data.
He European Central Bank is studying how different policies are affecting the exchange rate and inflation. The news temporarily weighed on him EUR/USD.
In Italy, the coalition talks began after the resignation of the government. The UE and AstraZeneca they disagree about a delay in the delivery of vaccines.
He AUD/USD it moved higher after inflation rose 0.9% in the fourth quarter, beating estimates.
He Bitcoin has been on the defensive below $ 32,000, while Ethereum is also struggling below $ 1,300.
See: Five factors that will move the US dollar in 2021 and not necessarily lower
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