Senior Relationship Manager
Good morning,
A massive week ahead in peak uncertainty.
The USD loses value across the board amid a surge in precious metals and fears or hopes of Japanese intervention in the yen coupled with accompanying USD selling. In just a week, the USD Index fell 1.5% to 97.17. EURUSD rose to 1.1850, USDJPY delivered a massive move from testing 160 to below 155, GBPUSD surged to 1.3660, and USDCHF dropped to a very uncomfortable 0.7777.
Gold and silver continue their parabolic rise, trading at 5080 and 107.50 respectively; platinum stands at 2850, and Bitcoin remains the exception with a decline of 2% at 87700. Equities are suspiciously calm, with the US500 at 6905, the US Tech 100 at 24860, and the US30 at 49030—all basically unchanged. The GER40 is stable at 24860, while the Nikkei moves lower by 1.6% amid intervention fears.
Where do we go from here?
We are heading into a week of maximum uncertainty with four of the Mag-7 reporting earnings, as well as Visa, Mastercard, and American Express. The US rate decision and important data points also loom on the horizon. The US is hit with a massive storm, and gas prices surge due to high demand and low storage. The clashes between ICE and demonstrators in Minnesota show a severe lack of institutional control in the US and add worries about the state of the nation.
Trade extremely carefully; we may be looking at a week of massive volatility.
Key readings:
Trump’s National Security Strategy: An investor lens
Commodities weekly – Hard assets, hard weather: metals lead, gas shocks, cocoa cracks
Monday January 26
Data Germany IFO, US Durable Goods,
Earnings: Ryanair, US regional Banks,
Tuesday January 27
Data Japan PPI, ,Hungary Rate Decision, US Consumer Confidence
Earnings UnitedHealth, Boeing, UPS, GM, RTX, American Airlines, Northorp Grumman, Texas Instruments,
Speakers:
Wednesday January 28
Data Australia CPI, Bank Of Canada, US Rate Decision
Earnings ASML, AT&T Starbucks, Microsoft, Meta, Tesla, IBM,
Speakers: Jerome Powell
Thursday January 29
Data EU Consumer Confidence, US initial Jobless Claims, Factory Orders
Earnings : Mastercard, Visa, Apple, SAP, SANDISK
Friday January 30
Data Tokyo CPI, Swiss KoF
Earnings SoFi, American Express Verizon, Chevron, ExxonMobile,
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