EUR/USD is edging closer to 1.1700 as disappointing Eurozone PMI data undermines confidence in the euro’s economic outlook. Weak manufacturing and services figures signal slowing growth, while the US dollar strengthens due to robust economic data and expectations of Fed tightening. Ongoing central bank divergence and cautious investor sentiment suggest further downside risk for the euro in the near term. For a detailed outlook and analysis, credit to TradingNews.com and the original author.

A rewritten and expanded analysis from XTB’s Market Analysis by Grzegorz Dróżdż highlights three key markets to watch next week: Nasdaq 100, US Dollar Index, and Crude Oil. Tech momentum, Fed policy signals, and geopolitical factors may drive volatility as investors weigh earnings, inflation data, and energy demand outlooks. Stay tuned for shifts that could redefine short-term trends across stocks, forex, and commodities.

Portugal’s business confidence has risen to 3.1, surpassing expectations and signaling growing optimism in the economy. Strong performance in services, government support, and steady employment are driving business sentiment higher despite global challenges. This positive trend points to sustained momentum across key sectors and a favorable outlook for economic growth.

EUR/USD retreats from late December highs above 1.1800 to around 1.1720 amid renewed US dollar strength and softer Eurozone data. Diverging monetary policies and widening yield differentials keep the pair under pressure as market participants await key economic releases. Source: VT Markets