Forex
The British Pound (GBP) trades sideways against the US Dollar (USD) on Friday during the North American session, after reaching a daily high of 1.3413, but solid US data released this week capped Sterling’s advance.
Indices
S&P 500, Dow Jones and Nasdaq Analysis – Market Update: Stocks end the week mixed but red as the immediate threat of US intervention in Iran subsides. However, with Oil holding $60 and intervention odds still at 30%, uncertainty lingers. We analyze the Manufacturing sector's resilience and intra-day technicals for the major indexes.
US Dollar Analysis: The Dollar defies bearish forecasts, strengthening early in 2026 as US economic resilience and high rates support the Greenback. We analyze why the DXY holds 100.00 despite Fed independence risks and Trump's policy shifts, with technical outlooks for the Dollar Index and EUR/USD.
Forex
USD/CAD trades flat around 1.3900 on Friday at the time of writing, virtually unchanged on the day. The pair’s hesitation is mainly driven by a stronger Canadian Dollar (CAD), supported by the rebound in Oil prices, while the US Dollar (USD) remains firm in the wake of strong US data sets.
Forex
The Pound is trimming losses against the US Dollar on Friday, with price action returning above 1.3400 ahead of the US session opening, up from Thursday's lows near 1.3360. The pair is on track to end the week practically unchanged after depreciating about 0.7% in the previous two weeks.
Forex
Strong US Dollar (USD) rally has scope to extend, potentially breaking above 160.00, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Forex
There is a chance for GBP to test 1.3355; the next support at 1.3315 is likely out of reach for now. In the longer run, outlook for GBP is negative; it could decline to 1.3355, potentially reaching 1.3315, UOB Group's FX analysts Quek Ser Leang and Lee Sue Ann note.
Forex
Euro (EUR) could drop to 1.1585 before stabilization can be expected; the major support at 1.1560 is unlikely to come under threat. In the longer run, weakness in EUR has likely resumed, with scope for a decline to 1.1560, UOB Group's FX analysts Quek Ser Leang and Lee Sue Ann note.
Forex
EUR/USD is trading right above 1.1600 at the time of writing on Friday, practically flat on the daily chart and on track to complete a three-week lowing streak.
USD/JPY is entering a high-risk zone as intervention threats intensify and speculative JPY shorts reach a one-year extreme. Price action near the 159.45–159.75 resistance echoes past BoJ intervention levels, while fading momentum raises the risk of a downside break below 158.15. A move lower could trigger a sharp JPY short squeeze, with key supports at 157.50–156.12 now in focus.
