Nifty Index is currently testing resistance around 25,900, suggesting a possible continuation of a downward trend towards 25,200–25,350. This analysis looks at wave patterns, important invalidation levels, and what a break above resistance could mean for short-term trends. In other news, EUR/USD has dipped below 1.1650 due to strong US labor data, while USD/JPY has gone above 159.00 because of challenges in Japan’s economy. Silver prices shot up to over $89.00 before losing momentum, whereas gold fell below $4,600 as the US dollar strengthened and US CPI cooled.

Blockchain Insight

Ethereum is seeing some buying activity, with netflows indicating over 100K ETH in outflows, suggesting the network is growing. Meanwhile, Ripple remains steady above $2.00, benefiting from ongoing ETF inflows totaling $1.23 billion. The Federal Reserve is facing increasing pressure after receiving subpoenas from the Department of Justice. Various forecasts and broker evaluations for currencies and commodities offer different insights. Traders should perform their own research, as market investment comes with risks. It’s crucial to make informed decisions in uncertain conditions. As of January 13, 2026, we observe a possible topping pattern in the NIFTY around 25,900. This suggests caution following the significant gains of 2025. Derivative traders might want to consider protective put options or bear put spreads to hedge against a potential drop toward the 25,200–25,350 support zone in the weeks ahead.

Currency Dynamics

The US dollar is strong, pushing EUR/USD below 1.1650 and GBP/USD to 1.3430. This surge is supported by surprisingly strong US labor data, including recent non-farm payrolls that showed job growth despite expectations of a slowdown. This dollar momentum presents an interesting opportunity for shorting euro futures or buying dollar calls, especially as it contradicts the market’s beliefs about upcoming Fed rate cuts. There’s a clear clash between market expectations and recent data, leading to a volatile environment. December’s consumer price index showed inflation cooling slightly to 3.4% year-over-year, but it’s still above the Fed’s target. Political pressure is mounting, especially with the Department of Justice’s involvement. This uncertainty makes options that benefit from price fluctuations, like long straddles on major indices, a smart strategy to consider. Gold, after hitting record highs above $4,630, is now in a pullback phase due to the stronger US dollar. This looks like short-term profit-taking following the inflation-driven rally of 2025. Before re-entering long positions, we should watch for signs of stabilization, as the reasons for holding gold, such as uncertainties with central banks, are still relevant. Create your live VT Markets account and start trading now.

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