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Forex: New Year Starts With USD Continuing to Fall

Forex: New Year Starts With USD Continuing to Fall

Martin Essex, MSTA, Analyst

Talking Points

- Sentiment remains downbeat in the US Dollar, lifting the British Pound, the Euro and commodities.

- This week will be dominated by manufacturing and services PMIs.

- In this webinar, DailyFX Analyst and Editor Martin Essex looks at market sentiment and the events coming up that are likely to influence it, and therefore have an impact on asset prices.

Check out our Trading Guides: they’re free and several new ones are now available including Forex for Beginners, Building Confidence and Traits of Successful Traders

The New Year has begun with the US Dollar continuing to fall and consequent gains for the Euro, the British Pound and commodities including copper and gold. Stock markets have begun the year mostly lower but with London’s FTSE 100 outperforming Germany’s DAX.

As usual in the first week of the month, purchasing managers’ indexes for the manufacturing and services sectors of the major economies will need to be watched carefully before the week ends with the latest US employment report.

--- Written by Martin Essex, Analyst and Editor

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

Follow Martin on Twitter @MartinSEssex

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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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