EURUSD gained nearly 0.2% following trade data from Germany, which unexpectedly increased its trade surplus despite overall slowing in both imports and exports.
In January 2026, German adjusted exports fell 2.3% to 130.5 billion euros, while imports dropped 5.9% to 109.2 billion euros month-on-month. Despite these monthly declines, the trade surplus widened significantly to 21.2 billion euros, up from 17.4 billion in December 2025, bucking forecasted drop to 15.2 billion euros.
While trade with the EU weakened, with exports falling 4.8%, shipments to non-EU nations rose 1.0%. This growth was primarily fueled by an 11.7% surge in exports to the United States. In contrast, trade with China and Russia slowed, as exports to China decreased 13.2% and imports from Russia plunged 20.0%.
Despite weakness in early Asian trading, the EURUSD bounced back from the EMA100 (dark purple) and returned above the 1,162 mark, currently at its highest since March 4th. Source: xStation5
Economic Calendar: Quiet Tuesday Highlights Geopolitics and Weekly Oil Stocks (10.03.2026)
Morning wrap (10.03.2026)
Daily Summary: Middle East Sparks Oil Market
Is the FDA sabotaging medical companies? UniQure’s valuation rollercoaster
The content of this report has been created by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, (KRS number 0000217580) and supervised by Polish Supervision Authority ( No. DDM-M-4021-57-1/2005). This material is a marketing communication within the meaning of Art. 24 (3) of Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (MiFID II). Marketing communication is not an investment recommendation or information recommending or suggesting an investment strategy within the meaning of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC and Commission Delegated Regulation (EU) 2016/958 of 9 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the technical arrangements for objective presentation of investment recommendations or other information recommending or suggesting an investment strategy and for disclosure of particular interests or indications of conflicts of interest or any other advice, including in the area of investment advisory, within the meaning of the Trading in Financial Instruments Act of 29 July 2005 (i.e. Journal of Laws 2019, item 875, as amended). The marketing communication is prepared with the highest diligence, objectivity, presents the facts known to the author on the date of preparation and is devoid of any evaluation elements. The marketing communication is prepared without considering the client’s needs, his individual financial situation and does not present any investment strategy in any way. The marketing communication does not constitute an offer of sale, offering, subscription, invitation to purchase, advertisement or promotion of any financial instruments. XTB S.A. is not liable for any client’s actions or omissions, in particular for the acquisition or disposal of financial instruments, undertaken on the basis of the information contained in this marketing communication. In the event that the marketing communication contains any information about any results regarding the financial instruments indicated therein, these do not constitute any guarantee or forecast regarding the future results.
