2026-01-23 06:15:00
There aren’t any major expiries to take note of on the day, with the full list seen below.
The dollar continues to struggle even in the aftermath of a cooler geopolitical climate as Trump backs down from his Greenland threats. The risk mood is better but the greenback falls further with precious metals surging even higher. I think that’s a clear signal as any on the currency debasement narrative and the current disdain for the dollar in general.
Gold is on approach to $5,000 with silver closing in on the $100 mark. Those are two major psychological levels to watch out for in trying to gauge how far market players are willing to take this. And in turn, that is also a signal for the dollar sentiment as well.
Circling back to major currencies today, there are some large expiries on the board but none should factor into play or have much impact. As such, trading sentiment will continue to revolve around the key drivers noted above.
The Japanese yen will remain in focus with Ueda’s press conference coming up as traders continue to weigh up intervention risks.
Meanwhile, the euro might see some minor reactions to the PMI data later. But without it materially impacting the ECB outlook, there shouldn’t be any major swings in the single currency to the data.
As such, it’s all riding mostly on the dollar for any notable and significant moves in the FX space as we look to wrap things up on the week.
For more information on how to use this data, you may refer to this post here.
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