FXPrimus has summarized the important market indicators of the day.

Today’s Important Indicators

EURO, POUND and DOLLAR ended the Monday session higher while YEN subdued ahead of the BoJ rate announcement.

Both GOLD and OIL closed unchanged. Investors can look at a series of not so impactful releases.

On the political front, the World Economic Forum annual meetings kick-off today in Davos.

Today’s Forecast for Important Trading Indicators

Market Movers

• GBPUSD – CABLE nears $1.40 as long positions increase 9%, shorts decrease 7%. STERLING traded to its highest level since Brexit yesterday ending the session ~120 pips higher. No fundamentals or technicals supported such move which seems to suggest that the uptilt was sparked from leveraged funds and asset managers. Investors wait the Public-Sector Net Borrowing at 11:30 GMT today.

• USDJPY – DOLLAR rebounds following a decline amid a US Government Shutdown, YEN subdues. DOLLAR opened the week on a bad footing as the US Government Shutdown had a negative effect on the US currency. The pair did manage to recover the losses and closed just below the 111 hurdle as YEN fell ahead on BoJ’s interest rate announcement. BoJ held the rate unchanged and this has boosted the US DOLLAR this morning, currently trades nears 111.10.
• EURUSD – EURO rises ~50 pips amid weekend German talks and the US Gov Shutdown. EURO posted gains in the Monday session starting the week on a good footing following some positive German coalition talks. EURO was supported by a weak US counterpart amidst an ongoing US Gov Shutdown. Market participants eye the German ZEW Economic Sentiment at 12:00 GMT.
• USOIL – WTI ends session marginally higher on Oman meeting, rally could be imminent. CRUDE OIL closed some 85 cents higher from its daily low on Monday following comments by Russian and Saudi ministers in an Oman meeting. Although price OIL recovered the earlier losses price was somewhat controlled and gains were only limited, forming an indecision candle on the daily chart. Market players look forward for API’s report tonight, 21:30 GMT.
• XAUUSD – GOLD mixed as US Gov Shutdown ends after 3 days, debate on immigrants still on. Spot GOLD ended $2/oz lower than the previous trading day’s close following uncertainty around a US Government Shutdown. GOLD daily chart shows a bullish candle formation yet price likely to move along with any further developments around the aforementioned situation; Congress approved a short-term bill to end a shutdown.

• US Indexes – DJ and S&P 500 on +0.55%, +0.81% respectively.
• European Indexes – UK 100 closed 0.20% lower, DE 30 0.22% higher.
• Asian Indexes – ASX 200 rose by 0.73%, Nikkei soared by 1.29%, and Hang Seng trades 1.44% higher.
• US Equities – Twitter plummeted 1.44%, Alphabet surged 1.81%.