This article was written by Paul Reid, a financial journalist at Exness.
These key data releases will offer not only a snapshot of today’s economic health but also act as a catalyst for significant market moves. If you are a technical trader, these events may contradict your analysis. Trade with all the information for better performance. Here’s what you should watch for this week:
US Existing Home Sales (January 22, 15:00 GMT)
Housing is a cornerstone of the US economy, and this report sheds light on its strength. Analysts are anticipating a slight rise in sales, signaling persistent demand despite elevated interest rates. A stronger-than-expected figure could boost confidence in sectors like construction and home improvement, while also fueling optimism in broader economic recovery.
US Initial Jobless Claims (January 23, 13:30 GMT)
This weekly snapshot of unemployment trends is critical for gauging the labor market’s resilience. A drop in jobless claims signals a strengthening economy, potentially lifting US equities and supporting the US dollar. Forex pairs such as EUR/USD and GBP/USD are likely to show heightened volatility around the release.
US Consumer Confidence Index (January 24, 15:00 GMT)
Consumer confidence is a bellwether for spending, a major driver of economic growth. If the index beats expectations, it could point to higher consumer activity, benefiting sectors like retail and discretionary stocks. Conversely, a disappointing figure might dampen risk appetite and favor safe-haven assets like gold (XAU/USD).
Economic data this week could shape trends across multiple asset classes on Exness.
The Exness Trade app keeps you connected to live markets, so you can stay ahead of the curve and act swiftly, whether you’re analyzing forex pairs, metals, or commodities. Don’t be that last trader to find out about rallies and crashes.
This week’s economic calendar, spanning January 20 to January 24, is packed with high-impact reports, but keep in mind that President Donald Trump’s return to the White House has already affected the markets, and he’s just getting started. Expect the unexpected, experiment using Exness’ risk-free demo account, and trade cautiously throughout week 4.
This week’s economic calendar, spanning January 20 to January 24, is packed with high-impact reports, but keep in mind that President Donald Trump’s return to the White House has already affected the markets, and he’s just getting started. Traditional technical analysis should always be a part of your forecasting, but this week will challenge standard models, so expect the unexpected and trade agile this week.
To stay up-to-date on current market conditions and get deep-dive insights on long-term trends, head over to the Exness blog often and trade informed.
