Market news

Show news:
  • All news
  • Currency news
  • Stock news
  • Raw news



18.01.2022 04:09

Forex Today: Dollar consolidates Friday gains as investors await a fresh catalyst

What you need to know on Tuesday, January 18:

The week started in slow motion, with little action across the FX board. Chinese data released at the beginning of the day provided a modest boost to high-yielding assets, which changed course during European trading hours. US markets were closed due to the celebration of Martin Luther King Day, with no action in stocks and bonds.

The EUR/USD pair trades a handful of pips above the 1.1400 threshold, while GBP/USD hovers around 1.3650. The USD/JPY pair managed to post a modest intraday advance and settled around 114.60 helped by the positive tone of Asian and European equities.

The AUD/USD pair is unchanged at around 0.7210, while USD/CAD eased to 1.2520. Commodities remained within familiar levels, with gold trading at $1,818 a troy ounce and WTI consolidating at $83.70 a barrel.

Market players are still looking for yields, reflecting inflation-related concerns, and equities for directional clues. Later in the week, the EU will publish the final reading of December inflation figures. The European Central Bank still maintains a wait-and-see stance regarding inflation, hoping prices pressures will recede without their intervention, and currently maintaining the ultra-loose financial support.

Shiba Inu price primed for 50% breakout to kick start new bull run

 


Like this article? Help us with some feedback by answering this survey:

Rate this content


Keep up with latest Forex market news updates: Currencies, central banks, economic indicators for oil and gold trading – all you need to work effectively on Forex.

Market focus

July 2022
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002
Mon
Tue
Wed
Thu
Fri
Sat
Sun
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31

Forex is open 24 hours a day, 5 days a week (except national holidays), and it can be broken up to the following four regional markets: Australia and Oceania, Asia, Europe, and America. A Forex trading session opens at 23:00 GMT on Sunday in Japan and closes at 22:00 GMT on Friday in the USA.

 
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Pacific Wellington 19:00 04:00 22:00 07:00 22:00 07:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Sydney 21:00 06:00 00:00 09:00 00:00 09:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Asian Tokyo 23:00 08:00 02:00 11:00 02:00 11:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Hong Kong, Singapore 00:00 09:00 03:00 12:00 03:00 12:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
European Frankfurt, Zurich, Paris 06:00 15:00 09:00 18:00 9:00 18:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenCloseе
London 07:00 16:00 10:00 19:00 10:00 19:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
American New York 12:00 21:00 15:00 00:00 15:00 00:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Chicago 13:00 22:00 16:00 01:00 16:00 01:00