Here is what you need to know about the important news between January 30th 2023 and February 3rd 2023, where we take a look at the economic data, market news and headlines likely to have the biggest impact on the market prices this week and beyond, as well as the US Dollar, and other key correlated assets.
U.S. dollar index
Dollar index starts the week remaining stable near 102. Investors have their focus for this week, on FOMC meeting, with another increase on the interest rates to be expected. Non-Farm Payroll are also on Friday this week, which expectations to be at 193k from 223k last month.
Gold
Gold stays defensively around $1930, since the first week of the month is expected again to cause some disturbances on the markets. Interest rates increase for the majors banks of the world, along with the Non-Farm Payrolls announcement, will give investors the push, to buy or, get rid the safe heaven precious metal.
Oil.
Crude oil remains supported around $80 per barrel, with investors to expect the OPEC meeting on Wednesday, for any indications that will show higher supply, in order to push prices lower of the precious liquid.
Stocks
Ahead in the week, investors will be looking towards CB consumer confidence, ADP employment change, ISM manufacturing PMI, JOLTs job openings, jobless claims, nonfarm payrolls, unemployment rate, and the ISM Services PMI. The U.S. Federal Reserve’s interest rate decision and statement will also be closely monitored as cooling inflation pressures have boosted expectations of a 25-basis point hike. On the earnings front, companies including Exxon Mobil Corp, Caterpillar Inc, Advanced Micro Devices Inc, Meta Platforms Inc, Alibaba Group Holdings Ltd ADR, Alphabet Inc, Amazon.com Inc, and Apple Inc are set to report results throughout the week.
Economic calendar most important releases – All times are GMT
Tuesday, January 31, 2023
13:30 CAD GDP m/m
15:00 USD CB Consumer Confidence
21:45 NZD Employment Change q/q
21:45 NZD Unemployment Rate
Wednesday, February 01, 2023
All Day OPEC-JMMC Meetings
13:15 USD ADP Non-Farm Employment Change
15:00 USD ISM Manufacturing PMI
15:00 USD JOLTS Job Openings
19:00 USD FOMC Statement
19:00 USD Federal Funds Rate
19:30 USD FOMC Press Conference
Thursday, February 2, 2023
12:00 GBP BOE Monetary Policy Report
12:00 GBP MPC Official Bank Rate Votes
12:00 GBP Monetary Policy Summary
12:00 GBP Official Bank Rate
13:15 EUR Main Refinancing Rate
13:15 EUR Monetary Policy Statement
13:45 EUR ECB Press Conference
Friday, January 27, 2023
13:30 USD Average Hourly Earnings m/m
13:30 USD Non-Farm Employment Change
13:30 USD Unemployment Rate
15:00 USD ISM Services PMI
Thanks for reading! Have a great week! 
Important Note: The information found on Ausprime platform is intended only to be informative, is not advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not include any specific investment objectives, financial situation and needs of any specific person who may receive it. The past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statement.
