Week of 2 Feb Summary: Earnings Reports, Market Shifts & Gold Surge
Thursday 06 February 2025
20 January Week Ahead: Trump Inauguration, Crypto Moves, and Key Events
The week of 20 January is set to be eventful for both the financial and economic sectors. Key events like Trump’s awaited inauguration will take place amid earnings releases, central banks’ decisions, and more.
Let’s take a look at the week ahead:
Trump’s Inauguration & Martin Luther King Jr. Day
Today, Monday, 20 January, is a historic day for the US economy, as Donald Trump will officially take office and begin his second term. Traders, investors, and consumers alike will all be watching to see how this day will affect the economy and the financial markets, especially in relation to tariffs.
It is also important to note that the US markets are closed today for Martin Luther King Jr. Day. As such, the actual reactions to Trump’s inauguration may be seen more clearly tomorrow.
The Trumps’ Meme Coins & Bitcoin’s Recent Highs
Just hours before the inauguration, Bitcoin (BTCUSD) surged to a new record high of approximately $110,000. This move may not have been entirely unexpected, given
Trump’s strong pro-crypto stance.
The surge in Bitcoin prices also coincided with the latest release on Friday, when Trump launched his own meme coin, "$TRUMP," which generated significant buzz across the cryptocurrency market. Additionally, in the past 25 hours, Melania Trump introduced her own meme coin, "$MELANIA," further reinforcing the family's support for the crypto space.
Earnings Releases
Earnings season will continue with releases from the following companies:
Tuesday, 21 January:
Wednesday, 22 January:
Thursday, 23 January:
Friday, 24 January:
How did these companies fare, and what will the data reveal about their respective sectors?
BOJ Meeting
The Bank of Japan (BOJ), the central bank of the world's fourth-largest economy, is scheduled to hold its first monetary policy meeting of the year on 23-24 January (Thursday-Friday). While a rate hike is anticipated, the BOJ's decision may also be influenced by the inauguration of former President Trump.
A rate increase would reduce the disparity between US and Japanese interest rates, potentially strengthening the yen. (Source: Investing.com)
World Economic Forum in Davos
The annual World Economic Forum (WEF) in Davos, Switzerland, kicks off today, Monday, with global leaders from both government and business sectors in attendance.
A WEF survey released last week before the event revealed that armed conflict is considered the greatest threat to the global economy in 2025, followed closely by extreme weather events.
Trump is scheduled to address the forum via video link on Wednesday. As confirmed by WEF organizers, Ukrainian President Volodymyr Zelenskiy will also participate and deliver a speech on Monday.
Other prominent figures expected to attend include European Central Bank (ECB) President Christine Lagarde, European Commission President Ursula von der Leyen, UK Chancellor Rachel Reeves, and China’s Vice Premier Ding Xuexiang.
The WEF will conclude on Friday, 24 January.
Conclusion
In conclusion, the week of 20 January can be pivotal for both the financial and economic sectors, with significant events shaping global markets.
Trump's inauguration and the ongoing earnings season will capture investors' attention. At the same time, developments in cryptocurrency, such as the surge in Bitcoin and the launch of meme coins, further highlight the growing influence of digital assets.
Key central bank decisions, including the Bank of Japan's anticipated meeting, will also add to market uncertainty.
Additionally, the World Economic Forum in Davos provides a platform for global leaders to discuss critical issues like geopolitical risks and climate change. With so much unfolding, the week ahead may have implications for the global economy.
