Week Overview 20-24 January 2025;

Then, while the Consumer Price Index figures were announced as 2.9%, within expectations, the Core Consumer Price Index, that is, inflation excluding energy and food costs, was announced as 0.2% when the expectations were 0.3%, surprising the markets. It looks like the expectation of 1 interest rate cut from the FED is about to be replaced by 2.

On the other hand, everything seems to be fine in the Chinese economy. In particular, the announcement of Q4 Gross Domestic Product figures as 5.40%, while expectations were 5.00%, can be considered as a signal that economic activity in China is accelerating. The acceleration of Chinese economic activity may increase the demand for raw materials and is a development that may especially stimulate the silver market.

We are starting this week as the week in which politics directs the economy. Because the 47th US President will make a speech before taking his seat. His speeches, especially about customs tariffs, FED interest policy, US growth rates and immigration policy, are eagerly awaited by the markets.

In this week‘s economic calendar, the interest rate decision of the Central Bank of the Republic of Turkey on Thursday comes to the fore in the markets. Especially the expectation of a decrease in interest rates is expected to be priced at 250 bp. While the expectation of a decrease in interest rate policy has caused some upward movement in exchange rate policy, it also has the potential to support an upward movement in gram gold prices.

On the other hand, Japan will announce its critical interest rate decision this week! Expectations are for interest rates to increase by 0.25 bp. In particular, giving clues about the continuation of the increase in interest rate policy may cause a retreat in the Dollar Index. Services Purchasing Managers Price Index PMI figures, which are indispensable for US economic activity after Japan, will be announced on the last trading day of the week!

Warning: The information, comments and recommendations contained herein are not within the scope of investment consultancy. Investment consultancy services are offered individually, taking into account people‘s risk and return preferences. The content, comments and recommendations contained herein are of a general nature and are not guiding in any way. These recommendations may not suit your financial situation and risk and return preferences. Therefore, making an investment decision based solely on the information contained herein may not produce results that meet your expectations.