A Week in the Market: All Eyes on Central Banks (22-26 January)

<div><img width="360" height="360" src="https://blog.roboforex.com/wp-content/uploads/2024/01/22.01.2024-360×360.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="A Week in the Market: All Eyes on Central Banks (22-26 January)" style="margin-bottom: 15px;" decoding="async" loading="lazy" /></div><p>Central banks&rsquo; meetings, their decisions on monetary policy, and stock market reactions will be interesting.</p>

<h2>EUR: the rate is unlikely to change</h2>

<figure><img decoding="async" width="1200" height="627" src="https://blog.roboforex.com/wp-content/uploads/2020/08/euro-1200×627.jpg" alt="EUR: the rate is unlikely to change" class="wp-image-5293" srcset="https://blog.roboforex.com/wp-content/uploads/2020/08/euro.jpg 1200w, https://blog.roboforex.com/wp-content/uploads/2020/08/euro-360×188.jpg 360w, https://blog.roboforex.com/wp-content/uploads/2020/08/euro-768×401.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure><p>The European Central Bank will meet to consider options for <a href="https://blog.roboforex.com/blog/2019/10/22/trading-news-how-to-earn-on-interest-rates/" data-internallinksmanager029f6b8e52c="90" title="Interest rate">interest rate</a> decisions. The figure is highly likely to remain unchanged at 4.5% per annum. The ECB&rsquo;s comments on <a href="https://blog.roboforex.com/blog/2022/06/30/what-is-inflation-reasons-and-consequences/" data-internallinksmanager029f6b8e52c="220" title="Inflation">inflation</a> and further actions are critical to the market. If the regulator demonstrates a conservative stance, the <a href="https://roboforex.com/beginners/info/charts/forex/eurusd/" data-internallinksmanager029f6b8e52c="35" title="EUR/USD">EUR</a> exchange rate may come under pressure.</p>

<h2>USD: monitoring the GDP</h2>

<figure><img decoding="async" width="1200" height="627" src="https://blog.roboforex.com/wp-content/uploads/2021/01/usd-1.jpg" alt="USD: monitoring the GDP" class="wp-image-6662" srcset="https://blog.roboforex.com/wp-content/uploads/2021/01/usd-1.jpg 1200w, https://blog.roboforex.com/wp-content/uploads/2021/01/usd-1-360×188.jpg 360w, https://blog.roboforex.com/wp-content/uploads/2021/01/usd-1-768×401.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure><p>The US is gearing up to release the first <a href="https://blog.roboforex.com/blog/2019/10/29/trading-news-how-to-make-money-on-gdp/" data-internallinksmanager029f6b8e52c="93" title="GDP">GDP</a> estimate for Q4 2023. The economy is expected to have grown by merely 2.0%, while the indicator increased by 4.9% in the previous quarter. The report components are essential: market participants are looking for confirmations of the future easing of the Federal Reserve&rsquo;s monetary policy and will therefore pay attention to the details. The USD currently maintains a strong position.</p>

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<h2>JPY: focus on the CB&rsquo;s comments</h2>

<figure><img loading="lazy" decoding="async" width="1200" height="627" src="https://blog.roboforex.com/wp-content/uploads/2019/11/jpy-1200×627.jpg" alt="JPY: focus on the CB’s comments" class="wp-image-1874" srcset="https://blog.roboforex.com/wp-content/uploads/2019/11/jpy.jpg 1200w, https://blog.roboforex.com/wp-content/uploads/2019/11/jpy-360×188.jpg 360w, https://blog.roboforex.com/wp-content/uploads/2019/11/jpy-768×401.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure><p>The yen has halted its decline against the US dollar. The Bank of Japan will likely leave the interest rate in negative territory at its meeting. The regulator&rsquo;s comments will be of more importance to the market. If the central bank officials&rsquo; tone is not confident, the <a href="https://roboforex.com/beginners/info/charts/forex/usdjpy/" data-internallinksmanager029f6b8e52c="40" title="USD/JPY">JPY</a> will rapidly return to the weakening.</p>

<h2>AUD: looking to China</h2>

<figure><img loading="lazy" decoding="async" width="1200" height="627" src="https://blog.roboforex.com/wp-content/uploads/2020/02/aud-1200×627.jpg" alt="AUD: looking to China" class="wp-image-2802" srcset="https://blog.roboforex.com/wp-content/uploads/2020/02/aud.jpg 1200w, https://blog.roboforex.com/wp-content/uploads/2020/02/aud-360×188.jpg 360w, https://blog.roboforex.com/wp-content/uploads/2020/02/aud-768×401.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure><p>The <a href="https://roboforex.com/beginners/info/charts/forex/audusd/" data-internallinksmanager029f6b8e52c="33" title="AUD/USD">AUD</a>, paired with the US dollar, has stabilised as China signalled positive economic changes. This week, there will be insufficient Australian statistics to determine the Aussie&rsquo;s exchange rate trajectory. External <a href="https://blog.roboforex.com/blog/2019/11/28/signals-on-forex-where-to-search-how-to-find-filter-and-create/" data-internallinksmanager029f6b8e52c="101" title="Signals">signals</a> will, therefore, have more priority. The AUD may continue to recover.</p>

<h2>CAD: and the rate again</h2>

<figure><img loading="lazy" decoding="async" width="1200" height="627" src="https://blog.roboforex.com/wp-content/uploads/2020/08/cad-1200×627.jpg" alt="CAD: and the rate again" class="wp-image-5425" srcset="https://blog.roboforex.com/wp-content/uploads/2020/08/cad.jpg 1200w, https://blog.roboforex.com/wp-content/uploads/2020/08/cad-360×188.jpg 360w, https://blog.roboforex.com/wp-content/uploads/2020/08/cad-768×401.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure><p>At its meeting, the Bank of Canada will likely keep the interest rate unchanged at 5.0% per annum. How the regulator characterises the labour market and pricing situation is important. The <a href="https://roboforex.com/beginners/info/charts/forex/usdcad/" data-internallinksmanager029f6b8e52c="38" title="USD/CAD">CAD</a> exchange rate has a chance to strengthen slightly.</p>

<p>
<a href="https://my.roboforex.com/en/register/">Open Trading Account</a></p><p>The post <a href="https://blog.roboforex.com/blog/2024/01/22/a-week-in-the-market-all-eyes-on-central-banks-22-26-january/">A Week in the Market: All Eyes on Central Banks (22-26 January)</a> appeared first at <a href="https://blog.roboforex.com">R Blog – RoboForex</a>.</p>