International Market Outlook – W/C January twenty second

Markets to Watch Subsequent Week as Central Bankers Have Their Say

US equities are working ever greater with the S&P 500 and the Dow Jones posting recent all-time highs on Friday. A powerful in large tech shares is behind the newest leg greater and with the This fall earnings season already up and working, robust outcomes from any of the ‘Magnificent Seven’ will possible see US indices rally additional. The S&P 500 is dominated by these seven corporations with Microsoft by itself having a 7.29% weighting within the index.

S&P 500 Month-to-month Chart

The US greenback has loved a robust begin to the yr as US Federal Reserve Members push again towards what they understand to be excessively bullish rate of interest lower expectations. US Treasury yields have backed up, underpinning the US greenback towards a variety of different currencies. Treasured metals have been beneath strain this week with gold twice testing the $2,000/oz. degree.

Gold and Silver Below Strain From Pared Again Curiosity Price Lower Expectations

US Greenback Index Day by day Chart

Except for a raft of This fall US earnings releases subsequent week, the financial docket is packed stuffed with high-importance knowledge releases and occasions. The Financial institution of Japan Quarterly Outlook Report must be intently monitored, particularly with USD/JPY at elevated ranges, whereas Thursday’s ECB coverage determination and Friday’s US core PCE launch shall be subsequent week’s fundamental sights.

For all financial occasions and knowledge releases, see the real-time DailyFX Financial Calendar

Technical and Elementary Forecasts – w/c January twenty second

British Pound Weekly Forecast: Ranges Look Set to Maintain, However Watch US Information

The Pound has been fairly resilient to financial shocks, in all probability as a result of they haven’t moved the dial on interest-rate views.

Euro Weekly Forecast – Will the ECB Give Any Steering? EUR/USD and EUR/GBP

The ECB coverage assembly on Thursday is the perfect place for central financial institution President Christine Lagarde to begin to define a charge lower timetable. Hassle is the assembly will possible observe the acquainted ‘let’s wait and see the information’ script.

Gold, Silver Weekly Forecast: Tempered Price Lower Bets Pose a Headwind

Gold revealed its vulnerability to additional promoting because of renewed vigor from the greenback and US yields. Fed members warn markets about overly optimistic charge lower bets.

US Greenback Forecast: EUR/USD, USD/JPY, USD/CAD & AUD/USD’s Path Tied to US PCE

This text examines the elemental and technical outlook for the U.S. greenback, specializing in main FX pairs reminiscent of EUR/USD, USD/JPY, USD/CAD and AUD/USD.

All Articles Written by DailyFX Analysts and Strategists