Forex Today: First-tier even kick-starting in the Asian session

Here is what you need to know on Wednesday, January 29th:

• The greenback remained the strongest, in spite of a change in the market’s mood during US trading hour. Wall Street finished the day with substantial gains after a mixed Durable Goods Orders report and an upbeat CB Consumer Confidence Index.
• The US Federal Reserve will unveil its latest decision on monetary policy this Wednesday.
• EUR/USD fell to 1.0997, recovering just modestly with US stocks’ advance.
• GBP/USD priced 1.2973, regaining the 1.3000 level later in the day. BOE on Thursday and Brexit on Friday keep weighing on the Pound.
• The Aussie remained under pressure, settling around 0.6750 against the greenback. Australia will publish Q4 inflation data in the upcoming Asian session.
• Gold retreated sharply amid the better market mood. Spot settled at $1,570 a troy ounce
• Crude oil prices recovered modestly, still in the red for the week ahead of stockpiles data
• Crypto Today: Bitcoin must hold above $9000