Singapore’s industrial production grew by 4.5% in January, exceeding the forecasted decline of 3.4%. This positive performance contrasts with previous expectations, indicating a stronger-than-anticipated manufacturing sector at the start of the year.

In the foreign exchange market, the EUR/USD pair returned above 1.0500, with demand rising as the US Dollar faltered. Meanwhile, GBP/USD also recovered past 1.2650, benefiting from a shift in market sentiment.

In the cryptocurrency market, Bitcoin, Ethereum, and Ripple faced notable drops, with Bitcoin oscillating around $88,500 after experiencing a low of $86,050.

Singapore’s manufacturing output catching many off guard is a clear sign that expectations may need adjusting. A predicted slump of 3.4% turned into actual growth of 4.5%, demonstrating unexpected resilience in the sector. This shift suggests that early-year economic activity might be healthier than analysts anticipated. With manufacturing being a key driver of overall economic momentum, we should be asking how this strength might influence broader market behaviour in the weeks ahead.

Currency markets also felt the impact of shifting sentiment. The Euro reclaimed ground against the US Dollar, pushing back above 1.0500 as the greenback showed signs of weakness. A similar move played out with the British Pound, which regained strength past 1.2650. This suggests that traders are adjusting their positions based on shifting dynamics in dollar demand. If this trend holds, we may see more investors positioning themselves in anticipation of further movements in the major currency pairs.

Over in digital assets, Bitcoin struggled to maintain its footing. Prices hovered around $88,500 following a dip as low as $86,050, showing how quickly conditions can shift. Ethereum and Ripple joined the decline, reflecting a market that remains under pressure. These price movements underline the importance of rapid decision-making, as volatility remains a constant force. For those watching closely, this is a moment to reassess risk exposure and prepare for further turbulence ahead.