The main event today is the unexpected nomination of a new Fed chair by Donald Trump. It is not yet certain whether Trump will formally announce his decision today, but reports suggest that the frontrunner is Kevin Warsh, who is widely viewed as hawkish.
Trump may announce his nomination as early as this morning US time (January 30). On the betting platform Polymarket, the probability of Kevin Warsh being chosen by Trump has surged from around 30% to as high as 94%. Just yesterday, the leading candidate was Rick Rieder, who was assigned nearly 48% odds by the market.
The most important macroeconomic release of the day will be US PPI inflation data. Half an hour earlier, German CPI inflation will also be published.
Earnings season continues in the background, with today’s focus shifting to the energy sector. Chevron and Exxon Mobil will release their quarterly results.
Detailed calendar for the day:
- 09:00/09:00 AM GMT – GDP data from Spain, Germany and the Eurozone
- 01:00 PM GMT – German CPI inflation
- 01:30 PM GMT – US PPI inflation
The material on this page does not constitute financial advice and does not take into account your level of understanding, investment objectives, financial situation or any other specific needs. All information provided, including opinions, market research, mathematical results and technical analyzes published on the Website or transmitted To you by other means, it is provided for information purposes only and should in no way be construed as an offer or solicitation for a transaction in any financial instrument, nor should the information provided be construed as advice of a legal or financial nature on which any investment decisions you make should be based exclusively To your level of understanding, investment objectives, financial situation, or other specific needs, any decision to act on the information published on the Website or sent to you by other means is entirely at your own risk if you In doubt or unsure about your understanding of a particular product, instrument, service or transaction, you should seek professional or legal advice before trading. Investing in CFDs carries a high level of risk, as they are leveraged products and have small movements Often the market can result in much larger movements in the value of your investment, and this can work against you or in your favor. Please ensure you fully understand the risks involved, taking into account investments objectives and level of experience, before trading and, if necessary, seek independent advice.
