Fundamental

The US dollar rebounded slightly against the Mexican peso on Thursday, but the prevailing downtrend and carry trade dynamics continue to favor the peso.

The EUR/CHF pair is holding key 0.91 support, with potential Swiss National Bank intervention looming if the franc strengthens further against the euro.

The British pound remains volatile against the US dollar ahead of key US inflation data, with critical levels at 1.3750 and 1.35 set to determine the next move.

Silver markets are attempting to stabilize around the $80 level following intense volatility, as traders navigate a potential consolidation range between $70 and $90.

The USD/JPY pair gains strong positive traction on Friday and, for now, seems to have snapped a four-day losing streak to over a two-week low, around the 152.30-152.25 region, touched the previous day.

EUR/USD stays on the back foor and trades in negative territory near 1.1850 in the early European session on Friday after closing flat on Thursday. The pair’s near-term technical outlook hints at a bearish tils as market focus shifts to January inflation data from the US.