Today, we are getting the long-awaited Fed’s interest rate decision (18:00 GMT). This meeting will be one of four held annually, as it includes the dot plot, during which the Bank will present its rate projections.
Tensions between Iran and Israel continue to escalate. The two nations continued to exchange rockets over the weekend.
China and the US have ended their two-day gathering, where a form of a trade truce has been reached.
This morning, at 06:00 GMT, we have received the UK job numbers for April: Unemployment jumps from 4.5% to 4.6%. This has been in line with the initial expectations, however, it is a second increase in a row, which is indicating a slowing jobs market in UK.
This week, the US has been delivering its job numbers and to wrap-up the week, the country is releasing its most anticipated jobs report, which is the non-farm payrolls.
WTI crude oil futures rallied on Monday, reacting to heightened geopolitical risks that stoked fears of constrained global supply. At the time of writing, the commodity is currently balancing slightly below the 63-dollar mark.
After last week’s legal tariff roller coaster rise, when a federal appeals court granted a temporary reprieve to President Trump's broad tariffs, permitting them to remain in effect—just one day after the U.S. Court of International Trade had halted their implementation, ruling that the administration's method of imposing them was 'unlawful.
During the week commencing the 3rd of February, market participants will be keeping a close eye on the US labour market, with the country delivering its first job numbers, related to this year.
The week commencing the 27th of January should be quite an exciting one from the perspective of economic events. Despite the Chinese market being closed due to their New Year celebration, some major Central Banks will be in full swing as they will be announcing their interest rate decisions.
All eyes will be on Donald J. Trump’s inauguration on January 20th. Market participants will be carefully monitoring Trump’s speech, especially those involved in the crypto world, as the new upcoming president is likely to ease regulations surrounding cryptos.
