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Global-view.com Giveaway – Round 3 – 27. January – 3. February 2025
Orders and hedges offer clues for the EUR/USD outlook
EUR/USD has staged a decent recovery from 2-year lows at 1.0177 on Jan 13. Customer orders and price action in forward looking FX option markets might now offer clues about subsequent EUR/USD expectations.
EUR/USD’s recovery from 1.0177 peaked at 1.0523 on Friday and subsequent setbacks have met demand in the mid 1.04’s. Dealers say there are now more dip buyers, while others prefer to keep their powder dry to sell the USD if it comes under renewed pressure.
Europe’s technology sector led the pan-European STOXX 600 index SXXP lower, down 0.7%, while the blue-chip Euro STOXX 50 STOXX50 dropped 1.4% in early European trading.
The STOXX Europe 600 technology index (.SX8P) fell as much as 4.6%, its biggest one-day drop since mid-October.
Futures on the tech-heavy Nasdaq Composite NQ1! in the U.S. tumbled over 3.1% and S&P 500 futures ES1! sank 2%.
Using my platform as a HEATMAP

While the first trade war has been averted, it is a risk off start to the week
Stocks off sharply => bond yields down shar[;y =: JPY (and CHF) outperforming… Catalyst: Popularity of China’s discount AI, DeepSeek, which has hit the high valuation AI stocka
BTCUSD smashed  lower as well.
THIS WEEK’S MARKET-MOVING EVENTS (all days local)
The upcoming week features a mix of global economic data releases, with China kicking off Monday with its CFLP composite PMI showing flat manufacturing activity at 50.1 and a slight dip in services PMI to 52.1. Germany’s Ifo survey for January is projected to remain weak, with minimal changes in business climate and expectations compared to December. In the U.S., December’s new home sales are expected to show growth, despite 30-year mortgage rates exceeding 7%. Tuesday highlights include U.S. durable goods orders, forecasted to rise 0.8%, and consumer confidence, anticipated to rebound to 106.3 in January after a decline in December.
Midweek, the Bank of Canada is expected to slow its pace of monetary easing with a 25-basis-point rate cut, while the Federal Reserve is anticipated to hold rates steady amid strong economic conditions and persistent inflation. Thursday sees Japan’s inflation inching higher, while unemployment remains stable at 2.5%, reflecting labor shortages. Japan’s industrial production is forecast to rebound slightly, and retail sales are expected to show moderate growth. Meanwhile, Eurozone GDP for Q4 is projected to rise modestly by 0.2% on the quarter, with France stagnating, Germany contracting, and Italy posting a modest gain. The European Central Bank is likely to announce a 25-basis-point rate cut.
Friday wraps up with inflation data from France and Germany, with France’s CPI forecasted to rise to 1.5% annually and Germany’s to remain steady at 2.6%. Canada’s November GDP is expected to shrink by 0.1%, reflecting declines in key sectors like retail, wholesale trade, and manufacturing. The week’s data points underscore the mixed recovery across global economies, with inflation, labor conditions, and central bank policies taking center stage.
Econoday
In our blog
Here is a question? Why has the EURUSD recovered and DAX at record levels given the risk of Trump tariffs. prospect of lower interest rates, an underperforming German economy and political uncertainty in Germany (and France)?
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