So here we are, heading into the last week of the first month of the new year, it sure has been eventful so far. Most of the focus this week will be on the FOMC statements on Wednesday, the whole world is waiting in anticipation to see if Biden can successfully push through his American Rescue Plan as he set out last week, that will see $1.9 Trillion in stimulus being distributed.

Today we have a Banking Holiday in Australia that would have affected liquidity a bit in the Asia session, and we have statements out of the ECB with regards to the business climate.

Tuesday does not really have any high impact events set to come out however the Monetary Policy Minutes would be something to look out for if you trade any Japanese pairs.

Wednesday, we have CPI figures out of Australia, with FOMC statements coming out later in the day. This really is a big one to look out for as it will be affecting most instruments in the market.

Thursday there’s GDP figures coming out of the US to take note of.

Friday has a lot of data coming out, but nothing of high impact to take note of, just take note that it is the last trading day of the month and it will tend to be volatile