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  • Heads Up:💶 Industrial Sentiment (JAN) due at 10:00 GMT (15min) Expected: -7.2 Previous: -7.2 https://www.dailyfx.com/economic-calendar#2021-01-28
  • Heads Up:💶 Consumer Confidence Final (JAN) due at 10:00 GMT (15min) Expected: -15.5 Previous: -13.9 https://www.dailyfx.com/economic-calendar#2021-01-28
  • Heads Up:💶 Economic Sentiment (JAN) due at 10:00 GMT (15min) Expected: 89.5 Previous: 90.4 https://www.dailyfx.com/economic-calendar#2021-01-28
  • Is it really a retail-driven short squeeze that's at the heart of this market rout? Let's just say I'm dubious... More here: US Dollar Aims Higher as Liquidation Sweeps Global Stock Markets - https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/euro_open/2021/01/28/US-Dollar-Aims-Higher-as-Liquidation-Sweeps-Global-Stock-Markets-.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Spivak&utm_campaign=twr #Gamestop #Dollar #StockMarket https://t.co/ngmBEYpp8p
  • Break of range support at 0.768 - 0.7640 has propelled $AUDUSD to its lowest levels since late 2020, with the RSI registering its first intraday oversold readings since October. Symmetrical Triangle measured move suggests price could be poised to challenge the 0.7500 mark https://t.co/xuuW7NFy48 https://t.co/KisfWhYKzM
  • The London trading session accounts for around 35% of total average forex turnover*, the largest amount relative to its peers. The London forex session overlaps with the New York session. Learn about trading the London forex session here: https://t.co/dWaWQ0MK1V https://t.co/OoHOJCWtdl
  • 🇮🇹 Business Confidence (JAN) Actual: 95.1 Expected: 95.6 Previous: 96.0 https://www.dailyfx.com/economic-calendar#2021-01-28
  • 🇮🇹 Consumer Confidence (JAN) Actual: 100.7 Expected: 100.5 Previous: 101.1 https://www.dailyfx.com/economic-calendar#2021-01-28
  • 🇮🇹 Business Confidence (JAN) Actual: 95.1 Expected: 95.6 Previous: 95.9 https://www.dailyfx.com/economic-calendar#2021-01-28
  • 🇮🇹 Consumer Confidence (JAN) Actual: 100.7 Expected: 100.5 Previous: 102.4 https://www.dailyfx.com/economic-calendar#2021-01-28
DailyFX Video: What to Expect in the Week Ahead

DailyFX Video: What to Expect in the Week Ahead

Martin Essex, MSTA, Katie Pilbeam,

Talking Points

- In the US, inflation figures on Friday will be top of the agenda.

- In the UK, the focus will be on industrial production and trade data.

-There’s also a meeting of OPEC and non-OPEC officials to discuss compliance.

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In this video, DailyFX Analyst and Editor Martin Essex tells Katie Pilbeam about the key data and events that will likely drive the markets in the week ahead. These include UK trade and industrial production, US inflation and a meeting of officials from both OPEC members and non-members.

The UK economy is still reeling from the Bank of England’s downgrade of growth prospects and a lack of confidence in the future because of Brexit. Meanwhile, the US is still absorbing news of a larger-than-expected increase in non-farm payrolls.

Looking ahead, US consumer price figures are due out on Friday. Offering a first look into inflation for the month of July, expectations have been penned in for Friday’s CPI data to show month-on-month growth of 0.2%.

Elsewhere, officials from OPEC and non-OPEC member countries are expected to convene in Abu Dhabi to discuss compliance issues over Monday and Tuesday – with declining US inventories due mostly to the US driving season, we could witness a more upbeat week for crude though the oil glut continues.

--- Written by Martin Essex, Analyst and Editor, and Katie Pilbeam.

To contact Martin, email him at martin.essex@ig.com

Follow Martin on Twitter @MartinSEssex

To contact Katie, email her at katie.pilbeam@ig.com

Follow Katie on Twitter at @KatiePilbeamIG

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