US retail investors from Reddit were in focus this week with shares of US small-caps being sent into the sky. Retail crowd also managed to push the price of silver higher by the end of the week after it targeted precious metals ETFs. Story is likely to continue next week and draw the markets' attention. Apart from that, investors will be offered some top-tier macro data from the United States.
EURUSD
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Create account Try a demo Download mobile app Download mobile appEURUSD has been trading lower recently on the back of a chatter that the ECB may cut rates further into the negative zone if necessary. The pair will get a chance to move next week amid important US data releases. ISMs (Monday, Wednesday - 3:00 pm GMT) as well as NFP report (Friday, 1:30 pm GMT) will provide hints on how the US economy performed in January. Job losses were made in December but now a new stimulus deal is in effect. However, will this be enough to resume net job creation in the US economy?
US500
US equity markets have been very volatile this week. Retail investors from Reddit decided to try to short-squeeze hedge funds and have sent some US small-cap stocks into the sky. Meanwhile, broad market pulled back as attack against hedge funds risked destabilization and deleveraging. Story will likely continue so traders should look out for elevated volatility. When it comes to earnings, Tuesday looks to be key day of the week with reports from Amazon and Alphabet
SILVER
Limits placed by US brokers on trading in shares of high-flying companies, like GameStop or AMC, made retail investors look for alternatives. Silver ETFs became a new target with an aim of driving the price of the precious metals into new highs. While most brokerage companies removed restrictions already, trading volumes in silver ETFs remain high. Price of the precious metal hit a 3-week high due to a speculative frenzy this week and it may be just the start of a rally.
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