Ideas Markets Events Research
Close
search
Ideas
Markets
Events
Research
Nothing found
Select a section for which the search will be carried out
26 January 2023 | Other

Metals are traded in narrow price range ahead of Fed’s meeting

Brent
WTI Light Crude Oil

The price of metals still remains the same. That stability, in its turn, is related to the upcoming release of official statistics and the meeting of the Federal Reserve System (FRS) in the United States.

Global investors are awaiting the U.S. Federal Reserve's meetings on January 31 and February 1. According to CME Group, almost 98% of the surveyed analysts expect the regulator's discount rate to rise just 25 basis points to 4.5-4.75%.

In addition, the U.S. GDP data will be released today. The fresh statistics is likely to show 2.6% year-on-year growth in the fourth quarter of last year.

Company MarketCheese

Recommended

United States. U.S. Baker Hughes Total Rig Count. The value of the indicator has increased from 546 to 548
Yesterday at 6:05 PM
United States. U.S. Baker Hughes Oil Rig Count. The value of the indicator remained at the same level of 414
Yesterday at 6:05 PM
United States. Cushing Crude Oil Inventories. The value of the indicator has decreased from 1.334M to 0.3M
5 November
United States. Crude Oil Inventories. The value of the indicator has increased from -6.858M to 5.202M
5 November
United States. OPEC Crude oil Production Saudi Arabia (Barrel). The value of the indicator has increased from 9.85M to 9.9M
4 November
Top news
United Kingdom. BoE Interest Rate Decision. The value of the indicator remained at the same level of 4%
6 November
European Union. Retail Sales (MoM). The value of the indicator remained at the same level of -0.1%
6 November
Australia. RBA Interest Rate Decision. The value of the indicator remained at the same level of 3.6%
4 November
United States. ISM Manufacturing PMI. The value of the indicator has decreased from 49.1 to 48.7
3 November
European Union. Manufacturing PMI. The value of the indicator remained at the same level of 50
3 November
All news

Forecasts

GBPUSD sell
Period: 31.12.2025 Expectation: 1000 pips
Selling GBPUSD following yesterday’s BoE meeting
TA Other FA Other
Yesterday at 10:30 AM 26
Bruce_Powers
Brent sell
Period: 21.11.2025 Expectation: 300 pips
Brent crude pulls back and gives up its previous gains
FA Other Indicators Chart analysis
Yesterday at 08:31 AM 25
Tom_Kern
GBPUSD sell
Period: 10.11.2025 Expectation: 1300 pips
Selling GBPUSD down to 1.30160
TA Other FA Other
06 November 2025 26
Bruce_Powers
Natural gas buy
Period: 14.11.2025 Expectation: 300 pips
Golden cross signals potential gas rally
FA Other Indicators Chart analysis
06 November 2025 69
John_Bullard
USDCAD buy
Period: 11.11.2025 Expectation: 600 pips
USDCAD is poised to test six-month high at 1.417
FA Other Indicators Chart analysis
05 November 2025 55
Tom_Kern
GBPUSD sell
Period: 30.04.2026 Expectation: 11000 pips
GBPUSD selloff on weaker UK economic data
Wave analysis FA Other
05 November 2025 33
Bruce_Powers
Go to forecasts