EUR/USD eyes another test of the 1.12 level – ING

FXStreet Insights Team FXStreet

EUR/USD keeps its recovery mode capped below 1.1300. Economists at ING believe that the world’s most popular currency pair could challenge the 1.1200 once again.

Limited upside potential

“It appears that the euro’s role as a funding currency is curbing the EUR/USD upside in the current market environment, as investors jump back into risk-on bets.”

“With the eurozone growth outlook already partly compromised by restrictions in Germany and other eurozone countries, and the European Central Bank sticking to a broadly dovish tone, the euro may be facing more pressure regardless of Omicron-related sentiment.”

“We could see EUR/USD re-test 1.1200 this week.”

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.