Consumer sentiment according to the University of Michigan is again heading downwards. For January, the sentiment index falls to 68.8 points against an expectation of 70 points and the previous level of 70.6 points. Rising prices and uncertainty about the coronavirus are responsible for the low sentiment. Inflation expectations for the 1-year outlook point to 4.9%, compared to 4.8%.
BREAKING: ISM data above expectations. EUR/USD under pressure
Economic calendar: Manufacturing PMI data in focus, Palantir earnings in the background💡
Economic calendar: markets await Trump’s official Fed chair nomination 🔎
Morning wrap (30.01.2026)