January 28, 2026

Trump blasts an already weak USD with offhand comments

24 minutes

Today, a look at the focus on FX intensifying after Trump comments blasted an already weak US dollar lower still ahead of today's not-so-anticipated FOMC meeting, given that all market focus for the Fed is on the identity of Trump's nominee to replace Powell in May. More on the yen and other currencies. Also on today's pod, US tech stocks attempting a breakout ahead of key Mag7 earnings incoming, what could greenlight a SpaceX IPO, latest on gold and silver and much more. Today's pod hosted by Saxo Global Head of Macro Strategy John J. Hardy.

John's The FX Trader piece from Wednesday, Jan 28.

For our longer form podcasts, you will also find links discussed on the podcast and a chart-of-the-day over at the John J. Hardy substack.

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