The market is in a wait-and-see mode ahead of the central bank meeting With the U.S. dollar slightly appreciating yesterday and gold showing a weaker trend

The market is in a wait-and-see mode ahead of the central bank meeting

With the U.S. dollar slightly appreciating yesterday and gold showing a weaker trend

On Monday, the U.S. Dollar Index fluctuated within a range above the 103 mark, eventually closing up 0.09% at 103.32. The yield on the 10-year U.S. Treasury note fell back, at one point dropping below the 4.1% mark, before finally closing at 4.107%. The yield on the 2-year U.S. Treasury note, more sensitive to Federal Reserve policy rates, closed at 4.393%.

On Monday (January 22nd), U.S. stock markets edged up slightly but still closed at new highs. Traders weighed strong economic signals and corporate profit outlooks, while warning that the market may be running too far, too fast.

International oil prices rose over 1%, possibly due to disruptions in Russian and U.S. oil supplies. WTI crude surged during the U.S. trading session, briefly reclaiming the level above $75, but later relinquished some of its gains, eventually closing up 1.61% at $74.57 per barrel. Brent crude also surpassed the $80 mark at one point but failed to maintain above this level, ultimately closing up 1.54% at $79.86 per barrel.