Important events today:

15:30 UTC – USA: Crude oil inventories data from the Department of Energy.

In January, there is a decrease in the index of business activity in the manufacturing sector of the United States to 57.6 from 58.8 points in December. The level was the lowest since September 2020. This is another sign of a slowdown in the US economy, in addition to last year’s high base. The Fed representatives at the last speeches also expressed concern about the report, which is considered to be a predictive indicator of production in the industry.

Most Fed officials are now talking about a calm approach, suggesting 3-4 rate hikes of 0.25% in 2022, even though they also called for a quick rate increase at the beginning of the year. In any case, the Fed’s policy this year will be more aggressive than that of the Bank of Japan, which is good for the dollar.

Recommendation: Buy 114.58/114.35 and TP 115.50.