USDJPY
EURUSD
USDJPY
What are the main events for today?
Table of Contents
Key Takeaways (30s Read)
Market dynamics affected by a weakening Dollar and record high gold prices.
Main Events Today
The European session today has a few low-tier releases scheduled, such as the Eurozone Sentix index and the German Current Account balance. None of these are expected to change anything for the ECB or the market, likely leading to muted reactions. Overnight news regarding the US Department of Justice subpoenaing the Federal Reserve has been a key highlight, causing a weakening in the US Dollar and driving gold prices to new record highs. Without other catalysts, these movements may continue throughout the day.Outlook for the American Session
In the American session, there is nothing on the calendar other than the 10-year note auction. Focus is now shifting to the US CPI report due tomorrow. A Fed rate cut in January seems unlikely following a strong NFP report last week where the unemployment rate fell to 4.4% from 4.6%. The market continues to bet on two rate cuts this year, with the first expected in June.Central Bank Speakers
Today's schedule includes remarks from various ECB and Fed officials, which could influence market sentiment: - 08:50 GMT - ECB's de Guindos (neutral - voter) - 17:00 GMT - ECB's Villeroy (dovish - voter) - 17:30 GMT - Fed's Bostic (hawkish - non-voter) - 17:45 GMT - Fed's Barkin (hawkish - non-voter) Market participants will be keen to monitor the impact of these statements.AI Analyst
AI Opinion
"The weakness of the US Dollar and the surge in gold prices serve as critical signals in the current market environment. The subpoena of the Federal Reserve by the US Department of Justice raises concerns about monetary policy and has contributed to the Dollar's decline. Central bank speeches today could further influence market sentiment, and participants will need to closely monitor these developments. While today's releases are expected to play a significant role in the macroeconomic landscape, the focus should be on the overall direction rather than specific numbers. The market dynamically reacts to new information, distinctly impacting both gold and the Dollar."
RECOMMENDED BROKER Trusted Broker
Maximize This Opportunity.
Turn AI-detected market inefficiencies into profit with industry-leading specs. There's a reason pros choose Exness.
Raw Spreads
0.0 pips~
Leverage
Unlimited
Execution
Instant
AI Market Analysis Team
Combining advanced AI algorithms with professional trader insights. We analyze market drivers 24/7 to provide objective trading scenarios.