Crude Oil 2026 Outlook: Navigating Bearish Channels.Crude oil prices are eyeing 2026 from a bearish bias lens, pressured by supply-glut risks and the dominance of a 2-year downtrend extending from the highs of September 2023. Exporter breakeven prices are also at risk, and demand potential and key levels are in sight to confirm levels potentially defining the 2026 outlook.

Portugal Business Confidence: 3.1 (December) vs 3.Portugal Business Confidence: 3.1 (December) vs 3

Portugal Consumer Confidence rose from previous -15.2 to -14.5 in December.Portugal Consumer Confidence rose from previous -15.2 to -14.5 in December

Sterling struggles for direction on first trading day of 2026.The British pound was little changed against both the dollar and euro on Friday, with little news to drive the currency either way as 2026 gets off to a slow start.

Rupee down, slips for second week as dollar demand outlasts likely RBI support.The Indian ‍rupee ended lower on Friday, ​breaking below the critical 90-per-dollar mark and logging ⁠a second straight weekly decline amid persistent year-end dollar demand.

Japanese Yen Outlook for 2026.The USD/JPY outlook for 2026 remains structurally bullish, driven by persistent yield differentials, resilient U.S. growth, and cautious Bank of Japan policy. Pullbacks are expected but viewed as temporary within a broader upward trend.

Greece Unemployment Rate (MoM) dipped from previous 8.6% to 8.2% in November.Greece Unemployment Rate (MoM) dipped from previous 8.6% to 8.2% in November

AUD/JPY Holds Above 105 as Bullish Trend Extends Into 2026.AUD/JPY is trading firmly above the 105.00 level at the start of 2026, extending a well-established bullish trend that has been building since mid-2025. The Australian dollar continues to outperform the Japanese yen as yield differentials, carry-trade demand, and resilient risk sentiment support the upside bias.

UK PMI manufacturing finalized at 50.6, BoE rate cut offers early support.UK PMI Manufacturing was finalized at 50.6 in December, up from November's 50.2 and marking a 15-month high. The reading confirmed continued expansion, though it was revised lower from the initial estimate of 51.2, tempering the strength of the signal heading into 2026.

Eurozone PMI manufacturing finalized at 48.8, 2026 recovery hopes rest on fiscal support.Eurozone PMI Manufacturing was finalized at 48.8 in December, down from November's 49.6 and marking a nine-month low. Regional divergence remained pronounced.

Eurozone M3 Money Supply (YoY) registered at 3% above expectations (2.7%) in November.Eurozone M3 Money Supply (YoY) registered at 3% above expectations (2.7%) in November

Greece S&P Global Manufacturing PMI dipped from previous 52.7 to 2.9 in December.Greece S&P Global Manufacturing PMI dipped from previous 52.7 to 2.9 in December

France December final manufacturing PMI 50.7 vs 50.6 prelim.The final estimate is little changed from the preliminary reading as France's manufacturing sector saw a modest jump in activity to round off the 2025 year. A strong rise in new export orders was the key reason in underpinning sentiment while employment conditions also returned to growth on the month.

Chinese Yuan strength extends Into 2026 as CFETS shift meets technical pressure.Chinese Yuan extended its advance into the opening day of 2026, climbing to its strongest level against Dollar since May 2023. Part of the rally appears to reflect a knee-jerk reaction to the basket adjustment.

Spain HCOB Manufacturing PMI came in at 49.6, below expectations (51.1) in December.Spain HCOB Manufacturing PMI came in at 49.6, below expectations (51.1) in December

GBP/JPY Price Forecast: Resistance at 211.60 area keeps holding Pound.GBP/JPY Price Forecast: Resistance at 211.60 area keeps holding Pound

Natural Gas and Oil Forecast: OPEC+ Meeting Looms as WTI Holds $57 Support.WTI trades near $57.4 as OPEC+ talks loom, while natural gas and Brent face technical squeezes amid strong supply and easing post-holiday demand.

Manufacturing PMIs are in the spotlight as 2026 begins.Over Christmas, markets have focused on geopolitical developments and the FOMC minutes released the day before New Year's Eve. Otherwise, markets have remained relatively calm ahead of the critical US and euro area figures set for release over the coming days.

USD/JPY Signals Upside Continuation, Bulls Stay in Control.The US Dollar started a fresh increase above 156.20 against the Japanese Yen. USD/JPY cleared the 156.50 resistance to enter a positive zone.

WTI advances above $57.50 due to potential supply concerns.WTI advances above $57.50 due to potential supply concerns

USD/JPY advances to near 157.00 on BoJ's cautious tightening.USD/JPY advances to near 157.00 on BoJ's cautious tightening

United Kingdom Nationwide Housing Prices s.a (MoM) below forecasts (0.1%) in December: Actual (-0.4%).United Kingdom Nationwide Housing Prices s.a (MoM) below forecasts (0.1%) in December: Actual (-0.4%)

United Kingdom Nationwide Housing Prices n.s.a (YoY) below forecasts (1.2%) in December: Actual (0.6%).United Kingdom Nationwide Housing Prices n.s.a (YoY) below forecasts (1.2%) in December: Actual (0.6%)

Netherlands, The Nevi Manufacturing PMI dipped from previous 51.8 to 51.1 in December.Netherlands, The Nevi Manufacturing PMI dipped from previous 51.8 to 51.1 in December

Rupee rises 6 paise to 89.92 against US dollar in early trade.The Indian rupee traded in a tight range, gaining a marginal six paise to 89.92 against the US dollar on Friday. Traders anticipate continued narrow movements, with the Reserve Bank of India reportedly guarding the 90 mark.

India central bank likely active near 90 to dollar via state-run banks, traders say.The India rupee found support near the 90-per-dollar mark on Friday, with traders citing dollar sales by state-run banks, likely on behalf of the central bank.

Australia RBA Commodity Index SDR (YoY) dipped from previous -1.7% to -3.8% in December.Australia RBA Commodity Index SDR (YoY) dipped from previous -1.7% to -3.8% in December

India HSBC Manufacturing PMI below forecasts (55.7) in December: Actual (55).India HSBC Manufacturing PMI below forecasts (55.7) in December: Actual (55)

WTI steadies near $57.50 as traders await OPEC+ meeting.WTI steadies near $57.50 as traders await OPEC+ meeting

Rupee to mark time with traders seeking visibility on New Year flows.The Indian rupee is likely to open largely flat on Friday, with traders settling into a wait-and-see mode as they assess the New Year flows after a year dominated by central bank intervention and underlying dollar demand.