🔵 Market developments:
📊 A busy day during which we are expected to witness strong volatile movements awaiting the US and Canadian interest rate decision.
💸 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.
⚠️ 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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