EUR outperforming with modest gain as spreads remain supportive – Scotiabank

FXStreet Insights Team FXStreet

The Euro (EUR) is up a modest 0.3% against the US Dollar (USD) and outperforming most of the G10 currencies as we head into Thursday’s NA session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

Latest pullback is showing some signs of stabilization

"The euro area unemployment rate came in lower than expected, at 6.2%, and German state level CPI data have been mixed ahead of the 8:00am ET national release (2.0% y/y exp). Fundamentals for EURUSD remain supportive, as we note the steady climb in yield spreads reflecting a market that is pricing out ECB easing to a greater extent than what’s being observed for the Fed."

"The latest pullback is showing some signs of stabilization and the RSI is bouncing from oversold levels. Support has been clearly observed at 1.14, and gains from Wednesday’s close have shown signs of a nascent recovery. A return to/above the 50 day MA (1.1574) would provide confirmation of a resumption of the bull trend. We look to a near-term range bound between 1.1400 support and 1.1500 resistance."

Author

FXStreet Insights Team

FXStreet

The FXStreet Insights Team is a group of journalists that handpicks selected market observations published by renowned experts. The content includes notes by commercial as well as additional insights by internal and external analysts.

EUR/USD remains apathetic near 1.1770 post-US PCE

EUR/USD trades slightly on the back foot on Friday, hovering around the 1.1770 area as the US Dollar trims its advance on Friday. Data wise on the US docket, inflation tracked by the PCE rose a tad in December, while the flash GDP showed the economy is seen expanding below estimates at 1.4%YoY in Q4 2025.

GBP/USD clings to daily gains around 1.3470 after US data

GBP/USD keeps the bid tone unchanged near 1.3470 amid increasing upside momentum in the US Dollar, particularly after the release of US PCE and GDP figures.

Gold trims gains on US data, flirts with $5,000/oz

Gold clings to daily gains just over the key $5,000 region per troy ounce on Friday. The modest gains in the yellow metal come despite the Greenback’s recovery is picking up pace following US data releases.

Crypto Today: Bitcoin, Ethereum, XRP rebound as risk appetite improves

Bitcoin rises marginally, nearing the immediate resistance of $68,000 at the time of writing on Friday. Major altcoins, including Ethereum and Ripple, hold key support levels as bulls aim to maintain marginal intraday gains.

Week ahead – Markets brace for heightened volatility as event risk dominates

Dollar strength dominates markets as risk appetite remains subdued. A Supreme Court ruling, geopolitics and Fed developments are in focus. Pivotal Nvidia earnings on Wednesday as investors question tech sector weakness.

Official Trump price approaches breakout with mixed signals from traders

Official Trump (TRUMP) is trading at $3.50 at the time of writing, approaching its upper consolidation range. A breakout from this range could open the door for an upside move. On-chain data shows market indecision, with balanced flows between bulls and bears, signaling a lack of clear directional bias.