Investors should keep an eye on price movements in U.S. markets on the last business day of January

Investors should keep an eye on price movements in U.S. markets on the last business day of January

31.01.2022

Yesterday, the three major U.S. stock indices all rebounded, leading to a market environment characterized by rising stock prices, falling interest rates, and lower gold prices. The VIX (fear index) fell by about 9.2% to 27.6, while gold broke below the key $1,800 level and is currently trading around $1,793. WTI crude oil continues to trade near its high of $87.8.

In the foreign exchange market, the euro, which had been under pressure from the U.S. dollar, staged a rebound; the EUR/USD pair bounced back after touching this month’s low of 1.112 last weekend. It is currently trading around 1.116. From a technical perspective, the EUR/USD pair remains in a downtrend on the daily chart, and with the 1.112–1.097 range acting as a no-man’s-land, we need to remain vigilant regarding whether the decline will continue amid a surge in the U.S. dollar.

Today, at 4:00 PM CET, Turkey’s trade balance will be released; at 5:30 PM, Hong Kong’s retail sales; at 7:00 PM, the EU’s Q4 GDP (flash estimate);at 9:00 PM South Africa’s trade balance, and during U.S. trading hours at 10:00 PM Germany’s Consumer Price Index (flash estimate), at 10:30 PM Canada’s Industrial Product Prices, at 11:45 PM the U.S. Chicago Fed National Manufacturing Index, at 1:30 AM the U.S. Daily: Remarks by the President of the Federal Reserve Bank of San Francisco, and at 6:45 AM the following day New Zealand’s trade balance.We will be closely monitoring the foreign exchange market on the last day of January to see which direction it moves in response to stock prices and interest rate trends.

Past Market Reports

1. 20.04.2026New

   With the euro-Australian dollar pair hitting new lows this month, attention is turning to how much further it might fall

2. 17.04.2026New

   Will the market wait and see how much further the U.S. dollar can rise against the yen?

3. 16.04.2026New

   Will the weakening Swiss franc recover? Attention is turning to price movements during European trading hours.

4. 15.04.2026New

   Market participants are likely keeping a close eye on the upside potential of the euro, which has risen against the U.S. dollar

5. 14.04.2026New

   Should we keep an eye on remarks by key figures in the U.S. and try to gauge the direction of currency strength?

6. 13.04.2026

   Market participants are likely watching for signs of a rebound in the Canadian dollar, which fell against the U.S. dollar following the release of employment figures

7. 10.04.2026

   Will the weakening Swiss franc continue to strengthen against the yen, or should we wait and see?

8. 09.04.2026

   Will the U.S. dollar, which has fallen against the yen, continue its downward slide, or should we wait and see how the market moves?

9. 08.04.2026

   Should we keep an eye on the upside for European currencies that have risen against the U.S. dollar?

10. 07.04.2026

    Market participants may be wary of further downside potential for the U.S. dollar, which has weakened amid concerns over the situation in Iran