Today, the focus is on improving economic sentiment in Germany, the Trump and Macron accords, as well as DPRK’s statements.
The trial of Trump begins. Affects USD
A sharp improvement in economic sentiment in Germany is noted. Affects EUR
The average salary in the UK grew by 3.2%, with a forecast of 3.1%. Affects GBP
Macron promised not to introduce a digital income tax for large IT companies. Affects Google
North Korea will no longer hold back its missile tests, as the United States has ignored the deadline for resuming negotiations on the denuclearization of the region. Affects Gold
The basic Consumer Price Index for Canada. Any reading above 0 will have a positive effect on CAD.
The Bank of Canada’s interest rate decision. Regardless of the results, an event can cause an increase in CAD volatility.
A press conference of the Board of Governors of the Bank of Canada will take place. Representatives of the regulator assess the current state of the country’s economy, which causes the growth of CAD volatility.
The aggravation of the situation on the Korean peninsula could trigger an increase in demand for protective assets such as gold. Recall, North Korea accused the United States of failing negotiations on denuclearization. Experts admit that DPRK may resume nuclear testing.
The gold chart failed to realize bullish ambitions, justified by the appearance of an inverted “head and shoulders”. Therefore, the possibility of quotes falling to 1540 is not ruled out.
The currency pair has been at the lower border of the channel for a long time. Such price behavior may indicate an imminent increase in the activity of traders.
Hang Seng Index
Asian indices are pessimistic due to the spread of the unknown coronavirus in China. Hong Kong’s Hang Seng has already begun to decline and may reach its upward support line.
USD/MXN on this day in history
- Since 2000, January 22nd was a trading day 14 times.
- On 57% of those days, the asset finished trading with growth.
- The maximum strengthening range was 1.84%.
- The downward trend was limited to 1.57%.