USDJPY
EURUSD
others
Heads up: US president Trump due to speak in Davos later today
Key Takeaways (30s Read)
Market anticipation builds for President Trump's speech at Davos, expected to influence sentiment.
President Trump is set to deliver a special address at the World Economic Forum in Davos today. He was supposed to have arrived already but faced a delay due to a "minor electrical issue" with Air Force One. His scheduled address will take place at 1330 GMT, making it a focal point for the markets today.
Given previous commentary, Trump may aim to ridicule European leaders during his speech. It is still uncertain if he will meet with these leaders tomorrow. Currently, the markets show mild changes, with S&P 500 futures up 0.3%, reflecting a nervous atmosphere as traders await Trump's appearance. The dollar remains steady across major currencies, while precious metals are gaining attention. Gold is up over 2% to $4,864, with silver rising 0.6% to $95.07.
AI Analyst
AI Opinion
"President Trump's upcoming speech at Davos is expected to have significant market implications. His potential confrontational stance towards European leaders could elicit both positive and negative reactions. The market is sensitive to his statements, especially regarding the dollar and safe-haven assets like gold. Currently, precious metals are seeing increased demand as traders seek hedges amid economic uncertainty. Therefore, it is crucial to watch for market reactions following Trump's address, as volatility may ensue based on his comments."
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.