The Most Anticipated News for Trading This Week: This week is packed with highly anticipated news and economic events
shaping trading across significant markets.
Traders will closely monitor these developments,
from interest rate decisions by the Federal Reserve and the European Central Bank to key data
on oil, gold, and major currency pairs like USDJPY and EURUSD.
This article provides an overview of the economic calendar
and insights into how these events may impact oil, gold, the Nasdaq, and forex markets.

Content
Economic Calendar

Oil

Gold

USDJPY

Nasdaq

EURUSD

Economic Calendar

Monday, January 27, 2025

Manufacturing PMI (January) – China – 04:30

New Home Sales (December) – United States – 18:00

Tuesday, January 28, 2025

CB Consumer Confidence Index (January) – United States – 18:00

Wednesday, January 29, 2025

Bank of Canada Interest Rate Decision – Canada – 17:45

Federal Reserve Interest Rate Decision – United States – 22:00

Thursday, January 30, 2025

German GDP (Quarterly) (Q4) – Germany – 12:00

Lending Interest Rate (January) – Eurozone – 16:15

European Central Bank Interest Rate Decision (January) – Eurozone – 16:15

GDP (Quarterly) (Q4) – United States – 16:30

Friday, January 31, 2025

German CPI (Monthly) (January) – Germany – 16:00

Core Personal Consumption Expenditure Price Index (YoY) (December) – United States – 16:30

Core Personal Consumption Expenditure Price Index (MoM) (December) – United States – 16:30

Oil

Oil returned to bearish trading last week after Donald Trump’s comments regarding increased U.S. oil production,
which heavily pressured oil prices, especially with the ongoing yen crisis.
Oil traded at around $74.5; if it breaks the $73 level, bearish momentum may continue,
targeting the following support levels near $70.
However, if a reversal price action emerges near the current sub-demand levels,
the oil may see a new rise toward $77 per barrel.

Gold

Gold is trading near its historical highs after increasing market risks last week,
Donald Trump’s continuous remarks drive investors to turn to gold as a haven.
Gold closed last week at $2,770, retreating from $2,785,
which might lead to a slight bearish correction to retest the support
levels around $2,760 before rising again towards the historical peak at $2,790,
potentially setting new record highs in the coming weeks.

USDJPY

The USDJPY pair stabilized around 155.95 after the Bank of Japan raised interest rates by 25 basis points last week,
strengthening the yen against a basket of currencies.
Provided it remains below the 156.67 level, the pair is expected to target 153.40 in the upcoming period.

Nasdaq

Optimism persists in U.S. stock markets following Donald Trump’s presidency.
The Nasdaq achieved notable gains last week before experiencing bearish trades during Friday’s session.
The Nasdaq is expected to continue its upward momentum,
targeting the historical peak at 22,149, after which a new bearish corrective wave may occur.

EURUSD

The EURUSD pair is trading around 1.0491 after witnessing gains last week due to a weaker dollar and euro recovery.
The pair will likely continue its upward momentum toward resistance levels at 1.0536.
If it breaks this level, the bullish trend may extend to 1.0629.
However, if reversal price action appears around 1.0536,
the pair might return to bearish trades, targeting 1.0433.

The Most Anticipated News for Trading This Week

The Most Anticipated News for Trading This Week

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