Four Must-Read Forex Updates for Jan 28th, 2023

 Pain in Energy Markets:

Due to falling natural gas prices, the commodity closed below $3 for the first time since May 24th, 2021. This decline was spurred by increased stockpiles in Europe and America as forecasters predicted mild weather in February.

Major US Economic Data Next Week:

The US economy continues to show resilience despite weak employment and GDP data in the past few weeks. This has led some people, including those at the Federal Reserve, to suggest that a slowdown of the hiking cycle may be necessary. However, there are still some reasons for caution as seen in recent economic indicators such as falling residential construction, industrial production declining for three months straight, and weaker retail sales over a two-month period.

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