Markets are sideways but volatility can step in if there will be any major news out from the World Economic Forum in Davos, Switzerland. There are a number European central bank officials who noted that markets went to far regarding cut expectations, so it will be interesting to listed ECB President Lagarde later at 16:15CET. Regarding the markets, we are seeing USD strong this week., but can be now already in late stages of a corrective ally when looking at DXY. I see some nice resistance for A-B-C move around 104, from where we may see a new sell-off still this monht.

At the same time we have seen some pullback on stocks, but nothing significant, its a normal correction I think. DAX is also at the potential support.