Evening Insights: Thursday, January 22, 2026
Current market quotes
XAUUSD4,824.13 (-0.15%)
EURUSD1.1715 (+0.23%)
USDJPY 157.70 (+0.25%)
BTCUSD89,482 (-0.81%)
Short outlook by currency pair
XAUUSD
Gold is within correction mode after a powerful rally that pushed the price to its fresh all-time high of $4,889.50 yesterday. The metal was overheated, and technically, the market is unwinding its overbought conditions as long as the geopolitical tensions have reduced.
EURUSD
The pair remains range-bound roughly between 1.16200 and 1.17600. It is driven by the US dollar movements; thus, the euro’s recent advantages may fade. Technically, the pair may attempt to move toward the upper range. However, a stronger dollar could push it back toward the low boundary.
USDJPY
USDJPY strengthened due to the persistent weakness of the yen. The currency is pressured by governmental fiscal concerns.
BTCUSD
Bitcoin struggles to break above the $90,000 resistance. However, crypto still lacks momentum; the risk appetite is modestly improving, but not enough yet for an upside breakout.
Market sentiment
Market tone can be described as cautious optimism. Davos-related events helped calm nerves, but geopolitics still matters. Plus, uncertainty ahead of the Fed’s rate meeting decision next week, along with the upcoming US inflation data, keeps markets on alert.Publication date:
2026-01-23 14:34:45 (GMT)