US Indices: growth widens, but are expectations too high?

The sell-off of technology companies, disappointing corporate reports from major banks, and the Fed's reluctance to cut the policy rate until at least June caused the S&P500 to close in the red for the second day in a row. The broad stock index is at risk of a correction, as Wall Street's forecasts for the fourth quarter are high. Issuers will have to work hard to justify them.

Investors are looking for reasons to get rid of tech giants. The magnificent seven are no longer seen as either the driving force behind the S&P500's growth or a safe haven during turmoil, as they were during the pandemic. The market is undergoing active rotation as the Russell 2000 has outperformed the S&P 500 for nine consecutive days. This is the longest streak since the 1990s.

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Chevron Wave Analysis – 15 January 2026

- Chevron broke strong resistance level 165.00

- Likely to rise to resistance level 168.90

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Costco Wave Analysis – 15 January 2026

- Costco rising inside minor impulse wave (1)

- Likely to reach resistance level 965.0

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WTI Crude Oil Wave Analysis – 15 January 2026

WTI Crude Oil: ⬇️ Sell

- WTI Crude Oil rising inside minor impulse wave (1)

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🗓 Economic Calendar at 2026/01/16 (GMT)

14:15 🇺🇸 Industrial Production — Exp: 0.1% Actual: 0.4%


[Updated in real time]

CHFJPY Wave Analysis – 15 January 2026

- CHFJPY reversed from resistance zone

- Likely to fall to support level 196.00

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Bitcoin has not crossed the correction line

The crypto market has fallen 1.5% over the past 24 hours to $3.23 trillion as the market regains strength after the growth momentum at the beginning of the week. The top five cryptocurrencies by market capitalisation are down less than 1%, while smaller altcoins are experiencing more significant declines. The exception is Tron, which is up about 1% on the day and has been steadily gaining weight since the end of December.

Bitcoin is trading near $95.5K, retreating from levels near $98K, where the 61.8% Fibonacci retracement level also passes. The first cryptocurrency has reached the retracement line, waiting for further momentum to determine its direction. No critical macroeconomic publications are scheduled for the near future, so BTC will have to follow the highly unpredictable geopolitics and market reaction to quarterly reports.

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Strong macro data and rate spreads are the USD’s main weapon

The greenback's primary weapon is the wide spread in interest rates.

The yen is following the lead of the government and the Bank of Japan.

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▶️ Pro News Weekly: Dollar Leads as Stocks Wobble

Welcome to Pro News Weekly!

Here’s what is driving the markets this week:

💵 The U.S. dollar strengthens as Fed rate cuts remain on hold

📉 Stock indices risk a correction amid tech sell-offs and sector rotation

🧈 Gold holds firm as geopolitical tensions and de-dollarisation trends grow

🪙 Bitcoin breaks out of consolidation as short liquidations fuel momentum

Stay up to date with global markets.

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🗓 Economic Calendar at 2026/01/19 (GMT)

02:00 🇨🇳 ⚡️ Real GDP — Exp: 4.5% Actual: 4.5%

02:00 🇨🇳 ⚡️ Real GDP (YTD) — Exp: 5.0% Actual: 5.0%

02:00 🇨🇳 Fixed Asset Investment — Exp: -3.1% Actual: -3.8%

02:00 🇨🇳 Industrial Production — Exp: 5.0% Actual: 5.2% | 5.9%

02:00 🇨🇳 NBS Press Conference

07:00 All World Economic Forum Annual Meetings Actual: День 1

13:30 🇨🇦 ⚡️ Consumer Price Index — Exp: -0.3% | 2.2% Actual: -0.2% | 2.4%

13:30 🇨🇦 Core CPI Actual: -0.4% | 2.8%

13:30 🇨🇦 Common Core CPI — Exp: 2.8% Actual: 2.8%

13:30 🇨🇦 Trimmed Core CPI — Exp: 2.7% Actual: 2.7%

13:30 🇨🇦 Median Core CPI — Exp: 2.7% Actual: 2.5%


[Updated in real time]

⚠️ China — Real GDP at 03:00 GMT

✔️ Prev: 4.8%

🕒 Exp: 4.5%

🎯 Fact.: 4.5%

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⚠️ China — Real GDP (YTD) at 03:00 GMT

✔️ Prev: 5.2%

🕒 Exp: 5.0%

🎯 Fact.: 5.0%

🕰 Changes to Trading Schedule

Due to Martin Luther King Jr. Day in the US, there are changes to the trading hours today. Please check our Market Holidays for details.