The Trading Pair

Monday, January 27th

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Hello and welcome to your quick market recap for Monday, January 27th!

Top Stories:

  • Eurozone: ECB President Christine Lagarde spoke today but offered no major policy shifts. Germany’s ifo Business Climate Index ticked up to 85.1, signaling slight optimism, while Belgium’s business climate remained weak at -13.6.
  • US Housing: The US housing market showed strength with New Home Sales rising to 698K, well above the forecast of 669K.
  • Japan and Australia: Japan’s Service Producer Price Index climbed to 3.2%, slightly beating expectations, and Australia’s NAB Business Confidence stayed negative at -3, reflecting subdued sentiment.

    • Market Impacts:
    Stronger US housing data could support the DXY (US Dollar Index), while European data remains mixed, keeping the euro under pressure.

    Commodities and Crypto Update:

    • Bitcoin (BTC): Up 0.3% at $27,800.
    • Gold: Slightly higher at $1,950 per ounce.
    • Silver: Up 0.2%, trading near $24.30 per ounce.

      • That’s your two-minute wrap-up. Thanks for tuning in!

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      The Trading PairBy Jayanjan Mukherjee