FX markets

Daily Market View 06-01-2026

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1:26

US Manufacturing Disappoints in December While Gold Continues to Soar

1 Minute Market Rundown

US factory figures print weaker PMI data than expected, hinting at softness in the economy.
Gold prices remain elevated after Venezuela intervention, with an ounce worth $4462 as of today.
GBP managed to outperform most peers yesterday despite soft start, while USD suffered as time went on.

USD-

The Dollar actually managed to finish yesterday softer than it started, despite the flight into safety that followed the weekend's wild events.

It seems that if Trump is looking for support following his intervention, he needs look no further than the market itself, which has quickly concluded that the oil supply will become more plentiful and that there is not a great deal of geopolitical risk caused by the move.

Screenshot 2026-01-06 082003

Gold remains elevated however, showing that there is still some level of concern within the market and it seems a tense sense of confusion still triumphs in Caracas.

Still, the market seems calm, with risk assets mostly finishing in the green yesterday, the FTSE has even hit a fresh all time high this morning, showing there's not too much concern this side of the Atlantic over the situation.

Markets Today

*Please be aware the below rates represent the market rate at 8:00 AM, contact your Caxton dealer on check online for a live quote.

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