Markets are starting the new trading week with significant sell-offs. All major instruments are losing ground: GOLD, SILVER, NATGAS and OIL.WTI. Stock exchanges are also affected by the declines, while defensive currencies, in this case especially the USD, are performing best on the FX market.
In the coming hours, attention will be drawn to, among other things, German retail sales data for December, final global PMI readings for industry for January, the US ISM Manufacturing PMI, speeches by central bank representatives – Breeden from the BoE and Bostic from the Fed – as well as the announcement of the US debt refinancing plan and the results of Palantir and NXP Semiconductors.
Detailed macro calendar below:
Source: xStation
Company calendar for the entire week. Source: XTB
Daily Summary: Precious metals are bleeding, and the US government is shut down again!🔒
Palantir Preview: Perfection already priced in?
Another US Gov. Shutdown: What can it mean this time?
US Open: America rises, precious metals fall!
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