roboforex Market Fundamental Analysis by RoboForex

[RBFX Support]

Rising uncertainty in global markets supports XAUUSD

XAUUSD prices continue to rise amid escalating geopolitical tensions around Greenland, currently trading at 4,710 USD. Discover more in our analysis for 20 January 2026.

XAUUSD forecast: key trading points

• Demand for safe-haven assets strengthened amid the escalation of the situation around Greenland
• Investors fear the start of a large-scale trade confrontation between the US and Europe
• Geopolitical risks continue to rise, worsening expectations for global economic growth

Fundamental analysis

XAUUSD quotes are rising for the second consecutive trading session. Buyers confidently overcame the key resistance level at 4,635 USD, which previously restrained the bullish momentum. Gold receives sustained support due to growing demand for safe-haven assets amid escalating tensions around Greenland.

The market reacts to increased pressure from US President Donald Trump, who once again asserts claims over Greenland. Investors fear that such rhetoric may trigger a large-scale trade confrontation between the US and Europe. Analysts emphasise that the current trade tensions differ in nature from last year’s tariff conflicts; however, the level of uncertainty for the global economy remains elevated.

RoboForex Market Analysis & Forex Forecasts

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Sincerely,
The RoboForex Team

[RBFX Support]

USDJPY continues to rise: what stands behind the strong dollar and weak yen?

The USDJPY pair may continue its uptrend after a correction, with quotes currently located near the 158.10 level. Discover more in our analysis for 21 January 2026.

USDJPY forecast: key trading points

• Investors await the BoJ interest rate decision
• The Fed may take steps to strengthen the USD
• USDJPY forecast for 21 January 2026: 159.30

Fundamental analysis

The forecast for 21 January 2026 appears optimistic for the USD, with the USDJPY pair trading near the 158.10 level after forming a corrective wave.

The USDJPY forecast for today takes into account that the USDJPY pair may continue its uptrend, supported by the Fed’s tight monetary policy and yen weakness. Further fluctuations remain possible within the current volatility, but the probability of a continued uptrend persists unless changes occur in BoJ policy or new economic data emerge.

RoboForex Market Analysis & Forex Forecasts

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Sincerely,
The RoboForex Team

[RBFX Support]

Brent on the rise: declining oil inventories and US tariffs support growth

After another upward wave, Brent prices are forming a correction and trading near the 64.40 USD level. Find out more in our analysis for 22 January 2026.

Brent forecast: key trading points

• Weekly US crude oil inventories according to the American Petroleum Institute (API): previously at 5.270 million, currently at 3.040 million barrels
• US crude oil stocks change: previously at 3.391 million, projected at -1.000 million
• Brent forecast for 22 January 2026: 66.00

Fundamental analysis

The Brent fundamental analysis for today, 22 January 2026, takes into account that Brent prices are forming an upward wave and trading near 64.40 USD per barrel.

According to the API, weekly US crude oil inventories declined to 3.040 million barrels in the latest reporting period, down from the previous value of 5.270 million. The reduction in inventories increased demand and supported oil prices, with quotes continuing to rise with corrections since 16 December 2025.

RoboForex Market Analysis & Forex Forecasts

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Sincerely,
The RoboForex Team