Brazil decided to keep its interest rates at 15%, which was expected. FXStreet reported this on January 28, 2026. Many currency pairs reacted differently in the market. The Japanese Yen strengthened against the US Dollar as the Bank of Japan adopted a strict approach. Meanwhile, the GBP/USD stayed close to four-year highs as the Fed maintained steady interest rates.

Gold Prices Rally

Gold prices peaked at around $5,600 before pulling back slightly due to ongoing demand for safe-haven assets. In contrast, silver prices fell to 117.50 after reaching recent highs. Fidelity Investments announced it will launch its first stablecoin, the Fidelity Digital Dollar. This coin will use the Ethereum blockchain and will be available for both retail and institutional clients. The Federal Reserve has decided to keep the federal funds rate between 3.50% and 3.75%, showing confidence in the US economy. Bittensor rose above $240, indicating a positive mood in the broader cryptocurrency market. FXStreet shares market information for educational purposes and warns that investment decisions come with risks. Readers should do their own research, as FXStreet is not responsible for any inaccuracies or losses.

Watching Market Movements

As gold pulls back from its peak of $5,600, it’s important to monitor this volatility. Ongoing geopolitical tensions and a weak dollar suggest this dip might be a good opportunity to buy call options and prepare for a rebound. This trend resembles the move towards hard assets seen during high inflation in 2022-2023, indicating a market driven by fear. The Federal Reserve’s decision to keep interest rates at 3.75% has stopped the decline of the US Dollar and put pressure on pairs like EUR/USD. Without any hints from the Fed about future rate cuts, we find ourselves in a period of uncertainty. This is a good environment for volatility-based derivatives. We can use options straddles on major currency pairs to take advantage of market indecision, setting up for a significant shift when next week’s US labor data comes out. Geopolitical risks are also impacting energy markets. WTI crude oil recently reached a four-month high near $63.50. Concerns over conflicts in Iran and a decrease in US inventories are creating a strong bullish signal. We should think about buying oil futures or call options since history shows that Mideast tensions often lead to lasting price increases. The announcement of Fidelity’s new “FIDD” stablecoin on the Ethereum network indicates that a significant amount of institutional capital is set to enter the digital asset market. This, along with increased speculative interest, shown by $163 million in open interest for TAO futures, suggests a positive outlook. We should consider long-dated call options on ETH and other major crypto assets to take advantage of this upcoming investment surge. Create your live VT Markets account and start trading now.

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