Spain - At least 10 people died in high speed train crash.At least 10 people were killed and more than 25 seriously injured after two high-speed trains derailed near Córdoba, close to Adamuz, on January 18.

US Dollar Technical Forecast: USD Three-Week Rally Hits Resistance- Next Leg at Stake.The US Dollar Index has extended the Christmas rally with a three-week advance carrying DXY into Fibonacci resistance- an important test for the recovery. The advance has recovered a meaningful portion of the November decline, and price action at this level will be critical in determining whether a more durable low is taking shape or if the rally stalls into consolidation.

Economic & event calendar Asia Monday, Jan 19, 2026, China Q4 GDP & Dec eco activity data.China is expected to have ended 2025 with its weakest quarterly growth in three years, highlighting an increasingly uneven recovery driven by exports rather than domestic demand as the economy heads into 2026.

EU calls emergency summit as Trump escalates Greenland tariff threat. Euro a little lower..The European Union is moving toward an emergency leaders' summit as U.S. President Donald Trump escalates trade pressure on European allies over Greenland, threatening a new wave of tariffs unless Washington is allowed to purchase the territory.

Natural Gas News: EIA Inventory Report Weighs on Futures Despite Cold Forecast.Natural gas futures edge lower as high inventory levels offset cold weather demand. Chart analysis suggests bearish momentum continues below $3.006 support.

Markets on edge as Trump threatens more tariffs on Europe over Greenland.U.S. President Donald Trump has promised to implement further tariffs on imports of goods from some European countries until the U.S. is allowed to acquire Greenland, a move that could send a jolt through financial markets when they reopen on Monday.

Crude Oil Weekly Outlook: Are Geopolitical Risk Premiums Fading?.With headlines shifting away from U.S. strike risks against Iran and refocusing on Greenland acquisition threats—alongside EU opposition and tariff rhetoric—put option volume surged above calls. This occurred amid an overall decline in both volume and open interest in crude oil options, according to CME data for contracts expiring March 2026.

World markets face fresh jolt as Trump Threatens tariffs on Europe.Global markets face a fresh bout of volatility this week after President Donald Trump vowed to slap tariffs on eight European nations until the U.S. is allowed to buy Greenland.

GBP/JPY Holds Steady Ahead of Market Open as Yen Remains Under Pressure.Summary:GBP/JPY stays supported near recent highs heading into the new trading week The Japanese yen remains weak due to political uncertainty and cautious bond demandGBP/JPY is trading steadily as markets head into the new week, with the pair holding near recent highs. As Asian markets prepare to reopen, attention remains on the Japanese yen, which continues to struggle under the weight of domestic political uncertainty and weak investor confidence.

Oil News: Crude Oil Futures Edge Higher as Iran Tensions Offset Supply Glut.Crude oil futures rise on Iran military strike concerns, but Venezuela supply increases may cap gains. Technical analysis shows range-bound action ahead.

Japanese Yen Weekly Forecast: Will USD/JPY Hold Below 160 as BoJ Looms?.USD/JPY extends a three-week rally as strong US data dims Fed cut bets, while BoJ rate hike expectations and political risks influence the yen outlook.

When the First Crack of 2026 Appears in US Treasuries.The second full week of 2026 was dominated by high-level political and macro headlines, leaving markets in a constant state of reassessment rather than conviction. Traders were confronted with a dense mix of headlines, ranging from renewed scrutiny of the Fed's independence to mounting speculation over who will succeed Jerome Powell as Fed chair.

Week Ahead: Dollar's Upside Correction Since around Christmas may be in the Final Phase.The US dollar mostly consolidated against the G10 currencies last week, though the combination of firm data and the shrugging off of the latest administration attempt to influence Fed policy gave it a firmer bias.  Japanese officials have taken several steps up the intervention ladder with verbal threats and this has stabilized the yen, without facilitating much of a recovery.

Japanese Yen Forecast: BOJ Intervention, Election and Fed Speculation to Drive USD/JPY.USD/JPY is being driven mainly by Japan's reflation push and a steepening yield curve, with U.S. data taking a back seat. With the calendar quiet, political developments, BOJ intervention risk and speculation over who may lead the Federal Reserve are likely to determine direction, while technicals warn of a possible short‑term peak.

Natural Gas Price Forecast: Selling Pressure Stalls Near Key Support.Natural gas selling pressure is stalling near long-term trend support, with multiple retracements and measured-move targets converging below, suggesting the bearish correction may be nearing exhaustion.

United States CFTC Oil NC Net Positions climbed from previous 57.4K to 58.1K.United States CFTC Oil NC Net Positions climbed from previous 57.4K to 58.1K

Japan CFTC JPY NC Net Positions down to ¥-45.2K from previous ¥8.8K.Japan CFTC JPY NC Net Positions down to ¥-45.2K from previous ¥8.8K

Australia CFTC AUD NC Net Positions rose from previous $-19K to $-18.8K.Australia CFTC AUD NC Net Positions rose from previous $-19K to $-18.8K

US Dollar Price Action into Core PCE: EUR/USD, GBP/USD, USD/JPY.The US Dollar recovered from an early-week sell-off following the announcement of a criminal inquiry into Fed Chair Jerome Powell. In last week's video, I said don't be surprised to here President Trump try to coax the USD lower; and while sourcing of that criminal inquiry can be argued, it seems another effort to inject influence in the Federal Reserve with the aim of getting lower rates and faster rate cuts.

Venezuelan banks will get $300 million of oil money to sell on exchange market, sources say.Four Venezuelan banks were notified this week by the ​country's government that they will split $300 million of oil revenues deposited in an account in ‌Qatar, enabling them to sell dollars to Venezuelan companies that need foreign exchange to pay for materials, two financial sources and an analyst said.

United States Baker Hughes US Oil Rig Count came in at 410, above forecasts (407).United States Baker Hughes US Oil Rig Count came in at 410, above forecasts (407)

Forecasting the upcoming week: Inflation is the key to the FX market next week.Forecasting the upcoming week: Inflation is the key to the FX market next week

Weekly Economic & Financial Commentary: More Pressure on the Federal Reserve Emerges.This week's data depict an economy cooling in an orderly fashion: Inflation is easing gradually, consumer spending retains underlying resilience, and housing is finding a foothold as financing costs modestly retreat.

USD/JPY drops to 158.00 on Yen strength, intervention fears.USD/JPY drops to 158.00 on Yen strength, intervention fears

U.S. Dollar Tested New Highs As Industrial Production Beat Estimates: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY.The American currency stays strong ahead of the weekend.

Natural Gas News: Forecast Shows Cold Snap Ahead, But Inventory Surplus Caps Gains.Natural gas futures hover at $3.00 as bearish EIA storage report clashes with cold weather forecast. Technical analysis shows critical support at $2.991.

WTI Oil recovers as Iran tensions ease, supply glut limits upside.WTI Oil recovers as Iran tensions ease, supply glut limits upside

Pound Sterling Price News and Forecast:GBP/USD flat near 1.3380 as strong data boosts the US Dollar.Pound Sterling Price News and Forecast:GBP/USD flat near 1.3380 as strong data boosts the US Dollar

Canada's Inflation Data to Show It's Still Running Above BoC's Target.There's a full slate of Canadian data releases in the coming week kicking off with the final monthly inflation report for 2025 and the Bank of Canada's closely watched Business Outlook Survey for Q4 on Monday, along with November's retail sales on Friday.

Crude Oil Weekly Price Analysis – Crude Gives Back Some Gains for the Week.The light sweet crude oil market shot higher during the week, but then turned right back around.