🌅 Morning Update - 26 January 2026 📊 US markets (Friday close): Wall Street finished mixed. The S&P 500 edged slightly higher, the Nasdaq added a small gain, while the Dow slipped as traders stayed selective ahead of a busy macro week. 🌏 Asia-Pacific: Most regional indices are under mild pressure this morning. The yen strengthened sharply, weighing on Japanese exporters and adding a defensive tone across the session. 💱 FX: The US dollar is softer broadly, with markets focused on heightened volatility in USD/JPY and rising intervention risk chatter. 🥇 Gold: Safe-haven demand remains front and centre - gold has pushed above $5,000, hitting fresh record territory amid geopolitical tension and risk-off flows. 🛢️ Oil: Crude is holding near recent highs after last week’s bounce, as traders balance geopolitical risk premia against broader supply expectations. ₿ bitcoin: Crypto is choppy, with risk sentiment and the dollar’s moves continuing to drive short-term direction. 🗓️ Economic Calendar of the Day (Mon, 26 Jan) 🇩🇪 11:00 - Ifo Business Climate (Jan) 🇩🇪 13:00 / 15:30 / 19:00 - Bundesbank Chairman Nagel Speaks 🇺🇸 17:00 - Durable Goods Orders m/m (Nov) 🇺🇸 17:00 - Durable Goods Orders ex-Transport m/m (Nov) 🚀 Trade carefully today: volatility can spike around headlines and top-tier data. Follow NordFX for more updates and stay tuned.