Evening Insights: Wednesday, January 21, 2026
Current market quotes
XAUUSD4,863.72 (+2.12%)
EURUSD1.1732 (+0.08%)
USDJPY 157.92 (-0.10%)
BTCUSD89,227 (-0.20%)
XAUUSD4,863.72 (+2.12%)
EURUSD1.1732 (+0.08%)
USDJPY 157.92 (-0.10%)
BTCUSD89,227 (-0.20%)
Short outlook by currency pair
XAUUSD
Gold extended its upward move and posted numerous all-time highs at $4,889. As long as geopolitical uncertainty persists, XAUUSD remains well supported with the potential for further upside.
XAUUSD
Gold extended its upward move and posted numerous all-time highs at $4,889. As long as geopolitical uncertainty persists, XAUUSD remains well supported with the potential for further upside.
EURUSD
The pair peaked at 1.17700 and pulled back toward current levels. EURUSD maintains a positive technical structure with a bullish bias and steady upward momentum. President D.Trump now holds his speech in Davos, the market eyes the event as guidance toward the potential US dollar direction.
The pair peaked at 1.17700 and pulled back toward current levels. EURUSD maintains a positive technical structure with a bullish bias and steady upward momentum. President D.Trump now holds his speech in Davos, the market eyes the event as guidance toward the potential US dollar direction.
USDJPY
USDJPY showed signs of downward pressure as the yen benefited from the Japanese officials’ decisions. At the same time, a demand for the Japanese currency accelerates within the risk-off environment, which can bring more downside to the pair in short term.
USDJPY showed signs of downward pressure as the yen benefited from the Japanese officials’ decisions. At the same time, a demand for the Japanese currency accelerates within the risk-off environment, which can bring more downside to the pair in short term.
BTCUSD
Bitcoin remains under pressure and trades weakly after the recent sell-offs across the crypto market. It slid below the $90,000 support, having erased its gains for the year. However, technically, BTCUSD is seen towards a further decline if the current support line fails to hold.
Bitcoin remains under pressure and trades weakly after the recent sell-offs across the crypto market. It slid below the $90,000 support, having erased its gains for the year. However, technically, BTCUSD is seen towards a further decline if the current support line fails to hold.
Market sentiment
The market stays clearly within the risk-off mode. As a result, defensive instruments have strengthened, while risk assets keep trading under pressure. Should geopolitical tension continue, the longer the shift toward safe-haven assets lasts.
The market stays clearly within the risk-off mode. As a result, defensive instruments have strengthened, while risk assets keep trading under pressure. Should geopolitical tension continue, the longer the shift toward safe-haven assets lasts.
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