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Daily Market Update by Monex USA – January 29th, 2026

Market Pulse by Monex USA
Market Pulse by Monex USA
Daily Market Update by Monex USA - January 29th, 2026
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The U.S. Dollar is trading weaker against G10 currencies but is rebounding slightly after the Federal Reserve kept interest rates unchanged, with a dovish tone from Chair Powell. Oil prices surged, with Brent Crude hitting $70 per barrel, as the U.S. seeks a nuclear deal with Iran to avoid military action. The Canadian Dollar gained following the Bank of Canada’s decision to hold rates steady, while the Australian Dollar rose on strong commodity prices, including gold’s continued rally. Key data releases tomorrow include Q3 Non-Farm Productivity, November Factory Orders, and Durable Goods Orders.

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