The Trading Pair

Monday, January 20th

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Hello and welcome to your market roundup for Monday, January 20th. Let’s dive into today’s key economic highlights and market movements.

Key Economic Events:

  • Germany’s Producer Price Index (PPI) fell by 0.1%, below the forecast of 0.3%, signaling weaker inflation pressures.
  • Switzerland’s PPI remained flat at 0.0%, missing expectations of a 0.2% increase, indicating subdued pricing momentum.
  • The World Economic Forum (WEF) and Eurogroup Meetings are underway, focusing on global economic stability and Eurozone fiscal strategies.
  • In Canada, the BOC Business Outlook Survey is set to provide insights into business confidence and future monetary policies.
  • Over in New Zealand, the BusinessNZ Services Index slipped to 47.9, signaling contraction in the services sector and raising economic concerns.

    • Impact on the US Dollar (DXY):
    With a US bank holiday, trading activity in the dollar was subdued. However, weaker-than-expected data from Europe and New Zealand could support the DXY in the coming sessions as risk currencies face downward pressure.

    Commodities and Crypto Check:

    • Bitcoin (BTC): Up 0.8%, trading at $27,500 as investors show renewed interest.
    • Gold: Holding steady at $1,936 per ounce, reflecting cautious sentiment amid global discussions at the WEF.
    • Silver: Slightly higher at $24.15 per ounce, with modest industrial demand.

      • That’s your quick market snapshot for today! Stay tuned for tomorrow’s updates as we track developments across the globe.

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      The Trading PairBy Jayanjan Mukherjee