The trading week beginning January 26 will focus on significant moves in the currency and metals markets. The U.S. dollar experienced a reversal, erasing a three-week rally and signaling a potential shift toward previous technical lows from June. In contrast, Gold and Silver futures continued to reach record levels, with silver surpassing the 101.00 mark during Friday’s session. These movements provide critical signals regarding the broader U.S. economy as investors prepared for a highly anticipated central bank meeting.
The upcoming FOMC meeting is expected to result in steady rates, but the policy statement and subsequent press conference are projected to generate market volatility. This central bank activity coincides with a massive earnings week where 248 companies with market caps over 1 billion are scheduled to report. The list includes four firms with trillion-dollar valuations: Apple, Microsoft, Meta, and Tesla. Additionally, a heavy slate of international economic data is due.