Forex News

 The Federal Open Market Committee (a department of the Federal Reserve) will post its statement and an update on the interest rate on January 27 at 21:00 MT time

Read a short market wrap with daily recommendations on major pairs!

The US will publish the advance GDP for the fourth quarter of 2020 on January 28, at 15:30 MT time.

Jump in to get a short market wrap with fresh trade ideas!

The market optimism waned amid stricter restrictions to control rising coronavirus infections. S&P 500 and Nasdaq dropped from the all-time highs, while the USD jumped higher.

S&P 500 skyrocketed to the all-time high on optimism that Biden’s fiscal stimulus will support economic growth and boost corporate earnings.

PMI reports from the EU, the UK, and the USA will be released during the day!

The European Central Bank will publish the monetary policy statement with the interest rate decision on January 21, at 14:45 MT time. 

Jump in to know the key market events and trading ideas for this week!

The Canadian central bank will make a monetary policy report and announce interest rates on Wednesday, January 20, at 17:00 MT time. Also, the BOC press conference will be held later.

USD’s rally takes a pause, while riskier assets are modestly rising. 

We are now past the middle of January, and this means that the largest US companies will report their earnings for the fourth quarter and many of them will provide the results of the entire 2020.