USD, Metals And Tech

Trader & Market Analyst • Jan 29, 2026 at 11:10 AM EST

Markets dipped before Powell, then reversed higher on a stop-hunt bounce, with earnings and shifting dollar/gold moves setting up more volatility ahead.

As expected, S&P 500 declined into Powell, and then lifted off, giving one final stop hunt late in the day – lifting off, led not by tech, but tech earnings didn‘t stand in the way. So, what‘s to lead today, and how does the chart structure for indices look at the moment?

Much could be said about FOMC and what it did for the dollar, I have to highlight yesterday‘s Bessent assurance the US wasn‘t intervening in the interests of BoJ, knocking down gold and lifting the dollar for a while.

Many moving parts that clients are benefiting from, covered in the premium Telegram channels and daily analytics. Get ready for another volatile day, and earnings are in focus, as regards what they do to price moves… will discuss it more tomorrow here (more client coverage by then).

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Disclaimer: All essays, research and information represent analyses and opinions of Monica Kingsley that are based on available and latest data. Despite careful research and best efforts, it may prove wrong and be subject to change with or without notice. Monica Kingsley does not guarantee the accuracy or thoroughness of the data or information reported. Her content serves educational purposes and should not be relied upon as advice or construed as providing recommendations of any kind. Futures, stocks and options are financial instruments not suitable for every investor. Please be advised that you invest at your own risk. Monica Kingsley is not a Registered Securities Advisor. By reading her writings, you agree that she will not be held responsible or liable for any decisions you make. Investing, trading and speculating in financial markets may involve high risk of loss. Monica Kingsley may have a short or long position in any securities, including those mentioned in her writings, and may make additional purchases and/or sales of those securities without notice.

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