Daily Market View 23-01-2026

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Daily Market View 23-01-2026
1:37

Greenland Deal Allows Markets to Breathe, USD Biggest Winner

1 Minute Market Rundown

  • Scarce details of the Greenland deal suggest a Cyprus-style arrangement, with the US controlling specific areas for military bases.

  • Calm has been mostly restored after European leaders scrambled for a week, USD regains upper hand against EUR and GBP.

  • USD is still cheap however, despite recent shift in momentum. 

 

USD-

The best magicians never reveal the trick behind their magic, Trump would be a very average magician because the ploy is always obvious, yet he still manages to surprise. 

After starting with the "Art of the Deal" outrageous opening position of a full takeover, Trump has seemingly acquiesced, accepting a deal that essentially secures much of what he wanted. 

Screenshot 2026-01-23 081204

This has calmed the situation down to a great degree, after people fretting that it would mark a final shift of the US away from NATO and leave Europe adrift. Despite this, the Euro and the Pound beat the Dollar consistently this week, to trade at 3 week highs, although the Pound did have higher CPI figures to help push it along.

And if you had thought we had seen the back of geopolitical volatility this month, think again, with Iran seemingly back in the President's firing line. I imagine it will continue to be a very fraught start to the 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.

Screenshot 2026-01-23 081233

 

Today's Economic Calendar

Major Economic Releases (All times in GMT)

No major releases

 
 
 

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