The Trading Pair

Market update - January 28th

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Welcome to today’s market update! Let’s break down the key economic events and how they’re impacting the dollar and broader markets.

  • Japan’s BOJ Core CPI came in at 1.9%, higher than expected, signaling persistent inflation.
  • Spain’s Unemployment Rate dropped to 10.6%, improving from previous levels.
  • US Durable Goods Orders disappointed with a -2.2% decline, missing the expected 0.3% gain.
  • US Consumer Confidence fell to 104.1, lower than forecasted, indicating growing economic concerns.
  • Australia’s CPI met expectations at 2.5% y/y, keeping inflation in check.

    • Weak US Durable Goods Orders and Consumer Confidence may pressure the DXY, raising speculation about the Fed’s next move. A mixed Richmond Manufacturing Index at -4 (better than forecasted) could limit the downside.

    • Bitcoin (BTC): Down 0.8%, trading near $27,500.
    • Gold: Up slightly at $1,955 per ounce as dollar weakness boosts safe-haven demand.
    • Silver: Holding steady at $24.25 per ounce.

      • That’s your quick market recap—stay tuned for the next update!

      Economic Highlights:Impact on the Dollar (DXY):Market Moves:

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      The Trading PairBy Jayanjan Mukherjee