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EUR/GBP slips as softer Eurozone inflation weighs on the Euro
The Euro (EUR) edges lower against the British Pound (GBP) on Wednesday as investors digest fresh Eurozone inflation figures and Germany’s fourth-quarter Gross Domestic Product (GDP) data.
Silver rises sharply on safe-haven demand amid trade, geopolitical risks
Silver (XAG/USD) accelerates on Wednesday and trades around $90.70 at the time of writing, up 3.90% on the day. The white metal benefits from an environment marked by rising trade and geopolitical uncertainties, which revives demand for safe-haven assets.
US: Confidence improves as Fed stays cautious – DBS
DBS Group Research highlights that Boston Fed President Susan Collins signalled US interest rates are likely to stay on hold, describing policy as mildly restrictive with inflation still above 2%. Futures have pushed the expected first rate cut to September.
JPY: Reflationist BoJ picks flag downside risks – MUFG
MUFG’s Head of Research Derek Halpenny highlights renewed Japanese Yen underperformance as Prime Minister Takaichi nominates reflationist-leaning academics Toichiro Asada and Ayano Sato to the BoJ policy board.
AUD: Sticky CPI backs further RBA hike – TD Securities
TD Securities’ Global Strategy Team highlights that Australia’s January CPI remained elevated, with both headline and trimmed mean inflation above consensus.
EU-US trade deal: Waiting for tariff clarity – Standard Chartered
Standard Chartered economist Christopher Graham notes that the European Parliament has paused ratification of the EU-US trade deal as it seeks clarity on new US tariffs.
Copper: Chinese demand lifts prices – ING
ING analysts Warren Patterson and Ewa Manthey report that LME copper has moved back above $13,000/t as Chinese buyers return from Lunar New Year, with Yangshan premiums hitting a two‑month high.
USD/CHF climbs as shifting Fed outlook supports the Greenback
USD/CHF edges higher on Wednesday, drawing support from a firmer US Dollar, which is exerting pressure on the Swiss Franc (CHF). At the time of writing, the pair is trading around 0.7746, after bouncing off an intraday low of 0.7719.
Eurozone: Softer inflation underpins Euro rates outlook – BNY
BNY’s Head of Markets Macro Strategy Bob Savage highlights that Eurozone January inflation eased to 1.7% year-on-year, with EU inflation at 2.0%. Services remain the main positive contribution, while energy drags.
Nvidia earnings to influence AI trade and broader market sentiment
For the last three years, Nvidia (NVDA) has been the engine of the AI boom, and now Wall Street is watching to see whether that momentum can keep going.
AUD/USD rises on robust inflation data, boosting RBA tightening bets
AUD/USD trades around 0.7090 on Wednesday at the time of writing, up 0.42% on the day, supported by an unexpected acceleration in inflationary pressures in Australia, which revives expectations of a restrictive monetary policy stance.
US index futures hold recovery into New York as S&P 500 leads, Nasdaq tests resistance
Dow, S&P 500 and Nasdaq futures trade above key session anchors in London hours after Tuesday’s rebound, but Nasdaq still needs acceptance above its upper gate to confirm broader upside continuation.
Fed: Conviction cuts and dovish reaction – ABN AMRO
ABN AMRO Senior Economist Rogier Quaedvlieg argues that under Kevin Warsh, the Federal Reserve’s ‘conviction-based’ approach and a more dovish reaction function point to lower rates despite a bullish US outlook.
Pound Sterling Price News and Forecast: GBP trades higher against its peers despite BoE
The Pound Sterling (GBP) trades higher against its major currency peers, except antipodeans, 0.23% higher to near 1.3520 against the US Dollar (USD) during the European trading session on Wednesday.
USD/CAD: Oil support and softer US trade stance cap upside – HSBC
HSBC Global Research views USD/CAD as largely driven by the broader Dollar trend, with the pair trading slightly below levels implied by rate spreads, reflecting Canadian Dollar resilience. Elevated Oil prices linked to Middle East tensions are supportive.
Japanese Yen plummets against its peers on BoJ rate hike uncertainty
The Japanese Yen plunges against its major currency peers, is down 0.6% to near 156.80 against the US Dollar (USD) during the European trading session on Wednesday.
United States MBA Mortgage Applications down to 0.4% in February 20 from previous 2.8%
United States MBA Mortgage Applications down to 0.4% in February 20 from previous 2.8%
DXY: Range holds as Fed patience persists – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad notes the USD index (DXY) is trading near the middle of its 96.00–100.00 range and is expected to stay there in the near term, as it tracks rate differentials and lacks major catalysts.
USD/JPY: Reflationist BoJ board shift seen limited – Rabobank
Rabobank’s Jane Foley notes that Prime Minister Takaichi’s decision to nominate reflationist academics to the BoJ Board has unsettled the Japanese Yen and JGBs, but she argues the overall policy tilt is unlikely to change significantly.
US: Mixed confidence data cloud outlook – TD Securities
TD Securities’ Global Strategy Team notes that US consumer confidence data surprised to the upside in February, mainly due to upward revisions to January. The present situation index weakened, while expectations improved, leaving the overall tone mixed.
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