Important upcoming events and publications for January 29 (GMT):
14:00 U.S. Case/Shiller House price index for the 20 largest metropolitan regions is a very reliable, albeit quite lagging indicator. The data for November will be released today, and it is expected the index to maintain the annual growth rate at 5.0% after seven months of decline from 6.8%. The further slowdown can put pressure on #USD, as the attention of market participants will switch to signs of slowing growth.
15:00 U.S. Consumer Confidence indicator is expected to continue its decline after multi-year peak levels it reached at the end of the year. On average, market analysts are expected the index to drop from 128.1 to 125.0. A sharper drop could have significant pressure on #USD, stressing that the peak of the growth rate was left behind. The higher performance, on the other hand, can inspire markets to buy dollar assets.
See the detailed Economic calendar here
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- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
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