2025 Market Outlook: Key January Events to Watch 
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
China’s Growth Faces Structural Challenges Amid Doubts Over Data 
FxWirePro- Woodies Pivot(Major) 
Energy Sector Outlook 2025: AI's Role and Market Dynamics 
Geopolitical Shocks That Could Reshape Financial Markets in 2025 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
China's Refining Industry Faces Major Shakeup Amid Challenges 
EUR/GBP chart on Trading View used for analysis
- EUR/GBP recovery capped at 5-DMA at 0.8871, bias slightly bearish.
- The pair is extending gains on the day gains despite weaker German Ifo data.
- German Ifo business climate index printed at 102.00 for Nov, missing consensus estimates for a reading of 102.3.
- The euro supported by narrowing Italian-German bond yield spread after reports that Italy was looking to discuss a lower 2019 budget deficit target to 2-2.1% of GDP.
- Weaker German Ifo business survey fails to dampen the prevalent positive tone around the single currency.
- Technical studies are slightly bearish. 5-DMA caps upside and is sharply lower.
- Strong support is seen at 200-DMA at 0.8833, break below to see further weakness.
Support levels - 0.8833 (200-DMA), 0.88 (20-DMA), 0.8723 (Oct 10 low)
Resistance levels - 0.8870 (5-DMA), 0.89, 0.8932 (Nov 19 high)
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
