All eyes on the US as traders brace for busy week – What’s next? [Video]

Phil Carr The Gold & Silver Club

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:

Author

Phil Carr

The Gold & Silver Club

Phil is the co-founder and Head of Trading at The Gold & Silver Club, an international Commodities Trading Firm specializing in Metals, Energies and Soft Commodities.

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