šµ Market developments:
š A busy day during which we are expected to witness strong volatile movements awaiting the US and Canadian interest rate decision.
šø Also, the profits of major US companies such as Microsoft, Tesla and Apple will be released, and this will have an impact on the market.
ā ļø Trump threatens to impose customs duties on Canada next Saturday, February 1, so the Canadian central bank may take this into consideration.
⢠Regarding the US interest rate, expectations indicate that it will be fixed at 4.50% without change, but Trump is pressuring the Federal Reserve to cut interest.
⢠Fixing interest is often the most likely, but the focus will be on the statements of the US Federal Reserve, if it indicates that they are looking forward to a close interest rate cut, the dollar will decline.
⢠However, if the Federal Reserve hints that it may keep interest rates high for a longer period than expected, this will support the dollar and put pressure on gold and currencies.
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