To sell America is great again

The dollar is under pressure due to threats to the Fed's independence.

The yen has weakened due to the government's political adventurism.

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⚠️ USA — President Donald Trump Speaks at 13:30 GMT

🇺🇸 US pre-market: Mostly negative 📉

In the technology sector, Alphabet (GOOGL) shares are down 0.96%, and Microsoft (MSFT) shares are losing 0.62%.

In the finance sector, Berkshire Hathaway (BRK.B) shares are down 0.37%, while Bank of America (BAC) shares are declining by 0.33%.

In the Energy sector, ExxonMobil (XOM) shares are up 0.84%, while in the Transportation sector, Uber (UBER) shares are down 0.42%.

The decline of the largest companies is putting pressure on investor sentiment, with risk aversion observed in the domestic US market. This dynamic supports short-term demand for the dollar as a safe-haven asset, which helps maintain the dollar's strong position against major global currencies.

The crypto market has fallen through the ice

The crypto market capitalisation fell below $3T, slightly exceeding this round level at the start of active trading in Europe, but losing more than 2% in 24 hours. The market is once again below the 50-day moving average, and the growth momentum at the start of the year seems to have fallen through thin ice. The current situation contrasts with last year's market behaviour, when we saw two dips below this trend line.

There is even more contrast between how Bitcoin is reacting to tariff threats now and in April. In April last year, Bitcoin rose alongside gold on the ‘sell America’ trade. Now, the first cryptocurrency looks even weaker than the stock market, as the S&P 500 has retreated from its high just over a week ago by only 3%. For comparison, BTC's high was set more than three months ago and has since retreated by more than 30%.

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Uniswap Wave Analysis – 21 January 2026

- Uniswap reversed from support area

- Likely to rise to resistance level 5.50

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USDJPY Wave Analysis – 21 January 2026

USDJPY reversed from support area

Likely to rise to resistance level 5.50

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🗓 Economic Calendar at 2026/01/22 (GMT)

00:30 🇦🇺 ⚡️ Employment Change — Exp: 28.3K Actual: 65.2K

00:30 🇦🇺 ⚡️ Unemployment Rate — Exp: 4.3% Actual: 4.1%

00:30 🇦🇺 Part-Time Employment Change Actual: 54.8K | 10.4K

08:00 All World Economic Forum Annual Meetings Actual: День 4

12:30 🇪🇺 ECB Monetary Policy Meeting Accounts

13:30 🇺🇸 ⚡️ Unemployment Claims — Exp: 209K Actual: 200K

13:30 🇺🇸 Continuing Claims — Exp: 1890K Actual: 1849K

13:30 🇺🇸 ⚡️ Gross Domestic Product — Exp: 4.3% Actual: 4.4%

13:30 🇺🇸 Core Personal Consumption Expenditure — Exp: 2.9% Actual: 2.9%

13:30 🇺🇸 GDP Price Index — Exp: 3.8% Actual: 3.8%

15:00 🇺🇸 ⚡️ Core PCE Price Index — Exp: 0.2% | 2.8% Actual: 0.2% | 2.8%

15:00 🇺🇸 Personal Spending — Exp: 0.5% Actual: 0.5%

17:00 🇺🇸 Crude Oil Inventories — Exp: -1000K Actual: 3602K

21:45 🇳🇿 ⚡️ Consumer Price Index — Exp: 0.5% | 3.0%

23:30 🇯🇵 ⚡️ National Consumer Price Index

23:30 🇯🇵 National Consumer Price Index Ex-Fresh Food — Exp: 2.4%


[Updated in real time]

⚠️ Australia — Employment Change at 03:00 GMT

✔️ Prev: -21.3K

🕒 Exp: 28.3K

🎯 Fact.: 65.2K 📈

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⚠️ Australia — Unemployment Rate at 03:00 GMT

✔️ Prev: 4.3%

🕒 Exp: 4.3%

🎯 Fact.: 4.1% 📈

The dollar played out the TACO trade

Trump's retreat helped the EURUSD bears.

USDJPY intends to resume its uptrend.

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⚠️ USA — Unemployment Claims at 03:00 GMT

✔️ Prev: 199K

🕒 Exp: 209K

🎯 Fact.: 200K 📈

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⚠️ USA — Gross Domestic Product at 03:00 GMT

✔️ Prev: 4.3%

🕒 Exp: 4.3%

🎯 Fact.: 4.4% 📈

🇺🇸 US pre-market: Mostly positive 📈

In the Electronic Technology sector, NVIDIA (NVDA) shares are up +0.57%, while Apple (AAPL) shares are up +0.60%.

In the Finance sector, JPMorgan Chase (JPM) shares are up +0.58%, while Berkshire Hathaway (BRK.B) shares are virtually unchanged, down -0.01%.

In the Technology sector, Alphabet (GOOGL) shares are up +1.94% and Microsoft (MSFT) shares are up +1.08%.

Given the prevailing growth among the largest companies, the overall sentiment of market participants is moderately positive, indicating demand for risk. Under such conditions, the currency market usually shows neutral dynamics in relation to the US dollar.

⚠️ USA — Core PCE Price Index at 03:00 GMT

✔️ Prev: 0.2% | 2.7%

🕒 Exp: 0.2% | 2.8%

🎯 Fact.: 0.2% | 2.8%

▶️ S&P500 Current situation #sp500 #tradelikeapro #trading #tradingshorts

Today is Thursday, the 22nd of January, and we will talk about the equity market.

I would like to remind you that over the past week, following the S&P 500, I was tracking two parallel scenarios based on this diagonal...

#sp500 #tradelikeapro #trading #tradingshorts

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Cryptos remain laggards with a weak rebound

The crypto market cap grew by less than 1% to $3.04 trillion. Since October, it has become the norm for cryptocurrencies to pay particular attention to negative news and react weakly to positive news. This time, the impressive rebound in stock markets only helped stop the sell-off in the crypto market and led to a modest rebound in cryptocurrencies from local lows. The momentum of the rebound was not even enough to overcome the 50-day moving average, underscoring the current dominance of bearish sentiment in the crypto market.

The sentiment index further highlights the extreme fear, losing 41 points over the last seven days of decline. After touching the greed zone last week, profit-taking emerged. While risk sentiment improved following developments in Davos yesterday, it was not strong enough to trigger a sustainable rebound in crypto.

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🗓 Economic Calendar at 2026/01/23 (GMT)

03:07 🇯🇵 ⚡️ Overnight Call Rate — Exp: 0.75% Actual: 0.75%

03:07 🇯🇵 ⚡️ Monetary Policy Statement

03:07 🇯🇵 BOJ Outlook Report

06:30 🇯🇵 ⚡️ BOJ Press Conference

07:00 🇬🇧 Retail Sales With Auto Fuel — Exp: -0.1% | 1.0% Actual: 0.4% | 2.5%

07:00 🇬🇧 Retail Sales Ex Auto Fuel — Exp: -0.2% | 1.4% Actual: 0.3% | 3.1%

08:00 All World Economic Forum Annual Meetings Actual: День 5

08:15 🇫🇷 Manufacturing PMI — Exp: 50.5 Actual: 51.0

08:15 🇫🇷 Services PMI — Exp: 50.3 Actual: 47.9

08:15 🇫🇷 PMI Composite — Exp: 50.0 Actual: 48.6

08:30 🇩🇪 Manufacturing PMI — Exp: 47.6 Actual: 48.7

08:30 🇩🇪 Services PMI — Exp: 52.5 Actual: 53.3

08:30 🇩🇪 PMI Composite — Exp: 51.7 Actual: 52.5

09:00 🇪🇺 Manufacturing PMI — Exp: 49.1 Actual: 49.4

09:00 🇪🇺 Services PMI — Exp: 52.6 Actual: 51.9

09:00 🇪🇺 PMI Composite — Exp: 51.9 Actual: 51.5

09:30 🇬🇧 Manufacturing PMI — Exp: 50.6 Actual: 51.6

09:30 🇬🇧 Services PMI — Exp: 51.7 Actual: 54.3

09:30 🇬🇧 PMI Composite — Exp: 51.5 Actual: 53.9

10:00 🇪🇺 ECB President Christine Lagarde Speaks

13:30 🇨🇦 Retail Sales — Exp: 1.2% | 1.0% Actual: 1.3% | 1.7%

14:45 🇺🇸 Manufacturing PMI — Exp: 52.0 Actual: 51.9

14:45 🇺🇸 Services PMI — Exp: 52.8 Actual: 52.5

14:45 🇺🇸 PMI Composite — Exp: 53.0 Actual: 52.8

15:00 🇺🇸 UoM Consumer Sentiment — Exp: 54.0 Actual: 56.4


[Updated in real time]

EURJPY Wave Analysis – 22 January 2026

- EURJPY broke resistance level 185.30

- Likely to rise to resistance level 188.00

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Starbucks Wave Analysis – 22 January 2026

- Starbucks reversed from resistance zone

- Likely to fall to support level 92.50

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⚠️ New Zealand — Consumer Price Index at 03:00 GMT

✔️ Prev: 1.0% | 3.0%

🕒 Exp: 0.5% | 3.0%

🎯 Fact.: 0.6% 📈 | 3.1% 📈