EUR/USD hits 10-month high, as eurozone inflation eases

Eliman Dambell Sayvio AI

EUR/USD rose to a ten-month high on Wednesday, as markets reacted to the latest inflation figures for the EU

Consumer prices in the eurozone fell for the third consecutive month, coming in at 8.5% last month.

The was better than the 9.0% sum markets had forecasted, and lower than the 9.2% recorded in December.

From the data, energy prices were still the biggest contributor to the total sum, with prices falling to 17.2% in January.

As a result of this, EURUSD rose to a high of 1.0924 in today’s session.

S&P 500 lower, ahead of FOMC meeting

The S&P 500 was in the red for most of today’s session, ahead of the latest FOMC meeting.

Later this afternoon, the Federal Reserve is expected to hike rates by 25 basis points, which could be its final increase this year.

Should this occur, the total lending rate in the United States will move to 4.75%, which would be its highest level since the last financial crisis.

In addition to the Fed meeting, private payrolls were also released today, coming in at 106,000 jobs last month.

As of writing, the S&P 500 is down 0.30%.

Visit here to see raw, real-time ECN spreads

Author

Eliman Dambell

Sayvio AI

With over a decade in financial markets, Eliman brings an experienced and diversified point of view to market analysis. He covers current and historical macro trends to give insights on Metals, FX, Stocks, and Crypto.

EUR/USD steadies near 1.1650 ahead of US Nonfarm Payrolls

EUR/USD holds ground after five days of losses, trading around 1.1650 during the Asian hours on Friday. Traders remain cautious ahead of the US Nonfarm Payrolls report, which is expected to offer further insight into labor market conditions and the Federal Reserve’s policy outlook. December NFP is forecast to show job gains of 60,000, down from 64,000 in November.

GBP/USD: Further weakness could challenge 1.3400

GBP/USD remains under unabated selling pressure on Thursday, slipping to fresh three-day lows around 1.3415 in response to further improvement in the sentiment surrounding the Greenback ahead of Friday’s key NFP data.

Gold defends $4,450, looks to the crucial US NFP report

Gold struggles to capitalize on the previous day's goodish move up from the vicinity of the $4,400 mark and attracts some sellers while defending $4,450 in the Asian session on Friday. The critical US employment details will offer more cues about the Fed's rate-cut path, which, in turn, will influence the US Dollar price dynamics and provide a fresh impetus to the non-yielding bullion.

Forecasts for Payrolls are all over the place

Yesterday’s data put the kybosh on the idea the Fed needs to cut rates fairly urgently to protect the labor market. The jobs component of the ISM services index was nicely over 50, and that rising JOLTS voluntary quits rate also points to no real heartache in labor.

2026 economic outlook: Clear skies but don’t unfasten your seatbelts yet

Most years fade into the background as soon as a new one starts. Not 2025: a year of epochal shifts, in which the macroeconomy was the dog that did not bark. What to expect in 2026? The shocks of 2025 will not be undone, but neither will they be repeated.

XRP slides as institutional and retail demand falters

Ripple is trading down for the third consecutive day on Thursday amid escalating volatility in the cyrptocurrency market. After peaking at $2.41 on Tuesday, its highest print since November 14 amid the early-year rally, XRP has quickly ran into aggressive profit-taking.