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Germany Markit Manufacturing PMI registered at 57, below expectations (57.5) in January
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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 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 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.
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.
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 (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.
