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. CFTC Crude Oil speculative net positions. The value of the indicator has decreased from 124.5K to 114.6K
26 June
United States. U.S. Baker Hughes Total Rig Count. The value of the indicator has increased from 563 to 573
26 June
United States. U.S. Baker Hughes Oil Rig Count. The value of the indicator has increased from 433 to 440
26 June
United States. Cushing Crude Oil Inventories. The value of the indicator has increased from -1.606M to -1.077M
24 June
United States. Crude Oil Inventories. The value of the indicator has increased from -8.263M to -6.088M
24 June
Top news
United States. PCE price index (YoY). The value of the indicator has increased from 3.8% to 4.1%
25 June
United States. Core PCE Price Index (YoY). The value of the indicator has increased from 3.3% to 3.4%
25 June
United States. GDP (QoQ). The value of the indicator has increased from 1.6% to 2.1%
25 June
European Union. Manufacturing PMI. The value of the indicator has decreased from 51.6 to 51.3
23 June
United Kingdom. BoE Interest Rate Decision. The value of the indicator remained at the same level of 3.75%
18 June
All news

Forecasts

AUDCAD buy
Period: 26.07.2026 Expectation: 1600 pips
Buying AUDCAD from support level
Indicators and reports FA Other Hot news Chart analysis
26 June 2026 48
Reed_Marcus
GBPUSD sell
Period: 03.07.2026 Expectation: 1310 pips
GBPUSD is still poised for further downside
Technical analysis FA Other Chart analysis Indicators Fundamental analysis
26 June 2026 30
Lyra_Moonwell1
Brent sell
Period: 03.07.2026 Expectation: 500 pips
Higher supply and weaker demand is likely to push Brent into red zone by weekend
Technical analysis Hot news Indicators Fundamental analysis
26 June 2026 21
Emily_Foster
USDCAD buy
Period: 26.07.2026 Expectation: 3100 pips
Invest in USDCAD up to 1.45000
Indicators and reports FA Other Hot news Chart analysis
26 June 2026 27
Sinclair_John
ETHUSD sell
Period: 02.07.2026 Expectation: 19500 pips
Selling ETHUSD with $1,585 in view following short-lived recovery
Technical analysis FA Other Chart analysis Indicators Fundamental analysis
25 June 2026 41
Lyra_Moonwell1
AUDCAD buy
Period: 31.07.2026 Expectation: 220 pips
Buying AUDCAD up to 0.9837
TA Other FA Other
25 June 2026 25
Bruce_Powers
Go to forecasts