Trending topics:

  • Coronavirus outbreak: Investors have been relatively cautious and are not getting ahead of themselves amid fears of a potential pandemic, even as more cases are being reported in new countries and the death toll rises. How have markets responded to the coronavirus outbreak so far? What signs should investors look out for in determining their asset allocation strategies?
  • US stocks: The US earnings season is in full swing, with the likes of Amazon, Apple, and Facebook set to announce their respective quarterly earnings in the final week of January. US Q4 GDP is also set to be released on January 30. Are positive US earnings and/or macroeconomic data enough to push global stocks to fresh record highs amid the uncertainties surrounding the coronavirus outbreak?
  • US Dollar: The Dollar index has remained resilient, having advanced by more than one percent so far this year. With the Federal Reserve expected to leave US interest rates unchanged at its upcoming policy meeting, what other factors could sway the Greenback’s performance?
  • Pound: Mark Carney is set to make his final policy decision as Bank of England Governor, as the UK counts down to Brexit day on January 31. Which will have the greater impact on Sterling over the coming days – the monetary policy outlook or Brexit?
  • Euro: Fresh from its first policy meeting of 2020, the European Central Bank appears likely to keep its ultra-loose stimulus measures in place for the time being. Amid the reduced chances of a monetary policy adjustment this year, what other factors could influence the outlook for the shared currency?
  • Commodities (Oil/Gold): Gold prices have offered a relatively muted response, in contrast to Oil’s starker reaction, to fears over the coronavirus’ impact on the global economy. What do the price action in these key commodities tell us about the investor’s mindset?
     

Upcoming events/releases

  • US Jan Dallas Fed Manufacturing Activity – Monday, 27 January
  • Apple earnings  – Tuesday, 28 January
  • FOMC decision, Earnings: Facebook, Boeing, Tesla – Wednesday, 29 January
  • BOE decision, US Q4 GDP, Amazon earnings – Thursday, 30 January
  • Brexit day, Euro-area GDP – Friday, 31 January

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Editors’ Picks

AUD/USD drops following higher than expected Aussie Unemployment Rate

AUD/USD fails to cheer an increase in Employment Change. The pair declines to 0.6678 after flashing the intra-day low of 0.6668 as Australia’s employment data disappoints Aussie traders on early Thursday.

AUD/USD News

USD/JPY bulls catch a breath near multi-month top, stays above 111.00

USD/JPY seesaws around 111.30 at the start of Asian session. The risk barometer surged to the highest in nine months the previous day as Chinese authorities manage to placate traders. The pair consolidates gains following FOMC minutes.

USD/JPY News

Gold: Pulls back amid overbought RSI, multiple upside barriers ahead

Gold prices decline to $1,606 during the early Thursday. The yellow metal surged to the highest since March 2013 the previous day but failed to hold onto gains due to the overbought RSI conditions.

Gold News

WTI upside remains capped by $53.00 ahead of API

WTI oil stays upbeat, following the run-up to the monthly high before a few minutes, as taking rounds to $53.70 amid the initial Asian session on Thursday. The black gold recently benefited from the weekly inventory data from the API.

Oil News

FXStreet launches Real-Time Trading Signals

FXStreet Signals offers access to explanatory live webinars, real-time notifications when signals are triggered and exclusive membership to the company’s Telegram group, where users get direct guidance by our analysts and get room to discuss and interact.

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