ONLINE FOREX BROKER
This Tuesday there is a common trend of setback for both commodities and other assets.
The S&P 500 shed 0.74% and the Nasdaq Composite is 2.04% down.
XBRUSD settled at $98, marking a two-week low after soaring to $130 last week, due to the optimism around Russian-Ukrainian talks. XAUUSD also has lost 1.5%.
Futures for palladium, which is widely mined in Russia and used in electronics, dentistry, and medicine, fell 15%, the biggest drop since the COVID-2020 sell-off.
Investors' attention is also focused on the US Federal Reserve’s meeting on Wednesday. The US central bank is expected to raise interest rates for the first time in three years to offset rising inflation.
Russia began the process of paying two bond coupons this week. Investors are waiting to see if the country will default after the US and its allies froze Russia's foreign exchange reserves.
After Bitcoin (BTC) faced its third failure in a row, investors became more confident to add positions in altcoins. For BTC, the path to $50,000 seems more difficult than previously expected. Now BTCUSD is approximately $38770.
Russian air travel could disappear as planes are out of service. Sanctions blocked the supply of spare parts from Boeing and Airbus, so the planes can only fly well for six months or a year. Most likely, after that, all Russian aviation will be on hold.
Have a great trading day!
The US dollar index keeps rounding above the 103.60 historical support level. The buyers have already defended this level for three weeks, highlighting their interest in the greenback. Thus, buying USD looks less risky right now.
Happy Monday, dear traders! Hope you had a great weekend and you’re ready for the last trading week in 2022! Later this week we’ll announce some exciting news for you, but now let’s look through some interesting news! Today’s events: USA, UK, Hong…
On the H4 timeframe, the US dollar index has formed a bullish falling wedge. At the beginning of the trading session, the price is testing the upper border of this wedge. Thus, in case of a higher-than-expected Core PCE Price Index m/m, the US dollar will skyrocket against other currencies.
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.
2022 was rough: inflation, energy crisis, and plenty of other controversial situations…
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