EUR/USD: Next objectives are located at 1.0570/1.0630 – Société Générale

EUR/USD bounce has stalled after facing interim resistance near 1.0535 earlier this week, Société Générale's FX analysts note.

EUR/USD regains upward momentum

"Daily MACD has been posting positive divergence and has recently crossed above equilibrium line denoting regain of upward momentum. 1.0350/1.0310, the 50% retracement of recent rebound is first support. Defence of this can lead to persistence in rebound. Beyond 1.0535, next objectives could be located at December high of 1.0570/1.0630."

Jan 30, 2025

EUR/USD trades with caution ahead of ECB interest rate decision, Eurozone-US Q4 GDP

EUR/USD trades cautiously around 1.0420 in Thursday’s European session as investors focus on the European Central Bank’s (ECB) monetary policy decision, which will be announced at 13:15 GMT.

Aluminum climbs as EU readies ban on Russian imports – ING

Aluminum rose in yesterday’s trading after reports of the EU proposing a phased ban on imports of Russian Aluminum to the bloc. The proposal calls for an import quota for a year before the complete ban comes into effect.