FX markets

Daily Market View 16-01-2026

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1:23

A Very Quiet End to a Big Week

1 Minute Market Rundown

The US dollar surrenders some of this weeks gains in very arid release environment.
Low but previously rising FX volatility falls as Trump remains quiet at the end of the week.
Major releases next week include UK unemployment data and UK inflation data.

USD-

It's a very quiet end to what started as a hectic week, with the DoJ subpoenas against Fed Chairman Powell and a raft of data that showed the US holding up better than expected.

But gradually, the week has been ground down, other than of course, President Trump graciously accepting another person's Nobel Peace Prize as what someone enormously cynical may say was a barefaced bribe to be President of Venezuela.

Screenshot 2026-01-16 085143

With that said, it has all become rather sleepy this week, although Dollar news continues to dominate. USD got further help yesterday as jobless claims fell close to a January 2024 low, spurring yet more chances of the Fed holding for longer.

Next week takes a distinctly British twist with UK unemployment and CPI on Tuesday and Wednesday, those data points will be great for early orientation for Pound traders this year.

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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