Traders are bracing for one of the biggest and highly anticipated weeks in the economic events calendar.
Joe Biden plans to start his presidency this week with a bang after announcing a massive $1.9 trillion economic stimulus plan to revitalize a flagging economy and speed up the nation's response to the coronavirus pandemic.
The major market moving events that traders will be watching closely include; Joe Biden’s inaugurated as the 46th U.S. President on Wednesday, which could be accompanied by civil unrest and President Trump's impeachment trial.
Janet Yellen's confirmation hearing as the U.S. Treasury Secretary on Tuesday. As well as central bank policy decisions from the European Central Bank, Bank of Canada and Bank of Japan.
Extended Covid-19 lockdowns and the need for more quantitative easing and stimulus measures will be in focus when the European Central Bank meets on Thursday
Where are prices heading next? Watch The Commodity Report now, for my latest price forecasts and predictions:
Trading has large potential rewards, but also large potential risk and may not be suitable for all investors. The value of your investments and income may go down as well as up. You should not speculate with capital that you cannot afford to lose. Ensure you fully understand the risks and seek independent advice if necessary.