Weekly Outlook
Week of January 19, 2026
Generated: 2026-01-18
Last Week Recap (2026-01-12 to 2026-01-16)
XAUUSD
◆ RANGE
Gold (XAUUSD) opened the week at $4605.52 and closed at $4585.00, reflecting a net decline of $20.52 amid range-bound price action. The pair carved out a weekly high of $4646.50 and low of $4575.00, producing a $71.50 range characterized by choppy consolidation with no clear directional bias. Intraday swings remained contained, underscoring low volatility throughout the period.
Open
$4606
High
$4646
Low
$4575
Close
$4585
8-Pair Outlook
XAUUSD
Gold
▼ BEARISH
Rising yields cap gold rally; defend 2620 support level.
Best Session: London/NY Overlap
Resistance:
4612.5, 4595.0, 4588.0
Support:
4600.0, 4580.0, 4575.0
EURUSD
Euro
◆ NEUTRAL
ECB rhetoric key; London session range 1.0850-1.0920.
Best Session: London
GBPUSD
Cable
▲ BULLISH
UK jobs beat expectations; target 1.3050 on NY open.
Best Session: London
USDJPY
Yen
▼ BEARISH
BOJ intervention risks; Asia dip to 148.50 support.
Best Session: Asian
USDCHF
Swissy
▲ BULLISH
Haven demand lifts USD; break 0.8950 resistance.
Best Session: London
AUDUSD
Aussie
◆ NEUTRAL
RBA hold steady; China data holds 0.6600 floor.
Best Session: Asian
USDCAD
Loonie
▼ BEARISH
Oil rebound strengthens CAD; test 1.3650 downside.
Best Session: NY
NZDUSD
Kiwi
▲ BULLISH
Risk-on mood aids Kiwi; eye 0.6150 dairy-driven.
Best Session: Asian
High-Impact News This Week
Monday
CAD
CPI m/m
(08:30 EST)
CAD
Median CPI y/y
(08:30 EST)
CAD
Trimmed CPI y/y
(08:30 EST)
Tuesday
GBP
Claimant Count Change
(02:00 EST)
GBP
BOE Gov Bailey Speaks
(04:45 EST)
Wednesday
GBP
CPI y/y
(02:00 EST)
All
WEF Annual Meetings
(04:15 EST)
USD
President Trump Speaks
(08:30 EST)
AUD
Employment Change
(19:30 EST)
AUD
Unemployment Rate
(19:30 EST)
Thursday
USD
Core PCE Price Index m/m
(08:30 EST)
USD
Final GDP q/q
(08:30 EST)
NZD
CPI q/q
(16:45 EST)
JPY
BOJ Policy Rate
(22:30 EST)
JPY
Monetary Policy Statement
(22:30 EST)
JPY
BOJ Outlook Report
(22:31 EST)
Friday
JPY
BOJ Press Conference
(01:30 EST)
GBP
Retail Sales m/m
(02:00 EST)
EUR
German Flash Manufacturing PMI
(03:30 EST)
EUR
German Flash Services PMI
(03:30 EST)
GBP
Flash Manufacturing PMI
(04:30 EST)
GBP
Flash Services PMI
(04:30 EST)
USD
Flash Manufacturing PMI
(09:45 EST)
USD
Flash Services PMI
(09:45 EST)
Session Focus
Asian Session
7 PM - 2 AM EST
Focus: USDJPY, AUDUSD, NZDUSD
Range establishment, liquidity sweeps
London Session
3 AM - 12 PM EST
Focus: EURUSD, GBPUSD, USDCHF, XAUUSD
Primary trending session, breakouts
NY Session
8 AM - 5 PM EST
Focus: USDCAD, XAUUSD
Continuation or reversal, news reactions