The forex market opened on a cautious note Monday, January 19, as the looming threat of tariffs from former President Trump weighed heavily on the US dollar. The USD experienced a decline against major currencies, with the EUR/USD exchange rate climbing to 1.1950, reflecting a 0.5% increase. Traders remained wary, anticipating further volatility as political tensions influence market sentiment.
In contrast, gold surged to a record high, reaching $2,000 per ounce, driven by the uncertainty surrounding the dollar and increased demand for safe-haven assets. The heightened geopolitical risks have prompted investors to seek refuge in gold, pushing up the precious metal's prices. As trading progresses, market participants are closely monitoring developments that could impact the USD and broader currency pairs in the coming days.
About FX Killer Trader Incubation Program
Want to become a professional trader? FX Killer offers a completely free professional trader training program. We provide systematic courses, practical training, and professional mentorship to help you grow from beginner to full-time trader.
👉 Join Free Training Program | Trading Psychology Assessment
Data Source: FX Killer Analysis Team Updated: 2026-01-19 07:28
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.