The US Fed Funds Rate announcement and Press Conference will be at 21:00 MT on January 29.
Gold sinks in Asia as NKorea and weekend of polls mulled
On Monday, gold tumbled moderately in Asia after a weekend in which Germany and New Zealand went to surveys to both produce results, which pointed to lengthy negotiations to form coalition government. Additionally, traders watched the USA and North Korea boosted a war of words.
December delivery gold futures went down 0.07% being worth $1,2962.60 a troy ounce in New York.
In Germany, the far-right AfD party managed to grasp a shockingly huge percentage of the overall vote. With the outcome of 13.5% they finished third and entered the German parliament for the first time. Chancellor Angela Merkel's CDU along with Bavarian allies, the Christian Social Union (CSU), took 32.5%, thus becoming the largest parliamentary group.
Meanwhile, in New Zealand, Bill English's National Party as well as the Labour party will fight for the support of kingmaker Winston Peters, not to mention his New Zealand First Party.
Events in Libya pushed the oil price up. So what's the strategy to benefit from it?
The oil prices experienced significant losses amid the US-Iran tensions at the beginning of the year. What's next?
The South African Finance Minister is delivering a budget speech today. There may be a strong impact on ZAR, so what's going to happen?
Canadian monthly GDP will be out at 15:30 MT time on Friday.
Let’s consider the best and the worst-performing assets as Monday’s session kicks in.