CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Three markets to watch next week

16:12 15 January 2021

A big week for the United States is approaching as Joe Biden's presidential inauguration will take place on Wednesday. Security forces will be on alert in order not to allow similar chaos as we have seen on the Capitol Hill on January 6, 2021. However, there are also other events scheduled in the days to come that investors should certainly pay attention to. Let's take a look at 3 markets to watch this week.

EURUSD

European Central Bank will announce the next monetary policy decision this Thursday at 12:45 pm GMT. While central bankers from Europe hinted that they are ready to provide more support in case the economy requires it, it looks likely that they will stay on hold this time. However, Lagarde's press conference at 1:30 pm GMT may offer some hints on the future. Apart from that, EURUSD traders should keep on guard on Wednesday as the pair may become more volatile if something goes wrong during Biden's inauguration.

 

DE30

Coronavirus deaths are reaching record highs across Europe and numerous countries decided to extend coronavirus restrictions. Media speculate that in countries like Germany, restrictions may be tightened further. A set of flash January's PMIs from Europe on Friday will offer hints whether ongoing lockdowns are having a major impact on the economy. German reading at 8:30 am GMT will be the key release and it is expected to show a deterioration in both manufacturing and services.

 

US500

Big banks launched the Wall Street earnings season for Q4 2020 this week that will also include releases on full-year results for 2020. Among key releases this week investors can find Netflix (Tuesday),  Goldman Sachs (Tuesday), Intel (Thursday) or IBM (Thursday). Flash PMIs for January set for release on Friday, 2:45 pm GMT may also have an impact on the markets should they show a major deviation from expectations. However, both services and manufacturing indices are expected to remain close to last month's levels.

This content has been created by X-Trade Brokers Dom Maklerski S.A. This service is provided by X-Trade Brokers Dom Maklerski S.A. (X-Trade Brokers Brokerage House joint-stock company), with its registered office in Warsaw, at Ogrodowa 58, 00-876 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. X-Trade Brokers Dom Maklerski S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

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