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Eurozone CFTC EUR NC Net Positions climbed from previous €111.7K to €132.1K
Eurozone CFTC EUR NC Net Positions climbed from previous €111.7K to €132.1K
Forecasting the upcoming week: Warsh shares the spotlight with central banks
The United States (US) Federal Reserve (Fed) had a busy week. On Monday, the Fed asked local New York banks about their positions in USD/JPY, fueling speculation that the US may be preparing to work with Japan on the Japanes Yen's (JPY) weakness.
USD/CNY: Potential recapitalization in financial sector – MUFG
Unconfirmed reports suggest that China may inject RMB 200 billion into large insurers to bolster their capital buffers, alongside an additional RMB 300 billion into major banks. This move aims to support the banking sector amid downward pressure on net interest margins.
Dow Jones Industrial Average dips as Warsh Fed nomination sparks uncertainty
• Major indexes edged lower as investors digested Trump's nomination of Kevin Warsh to succeed Fed Chair Powell in May.
INR: RBI expected to pause rate cuts – DBS Bank
DBS Bank's Group Research discusses the upcoming Reserve Bank of India (RBI) monetary policy committee meeting scheduled for February 6, 2026.
USD/KRW: Supplementary budget signals upside risk – MUFG
Korea's industrial production growth rebounded in December, indicating robust export growth. President Lee has signaled a potential supplementary budget to support various sectors, which could pose upside risks to Korea's growth.
Silver collapses over 30% as metals rout triggers historic washout
Silver (XAG/USD) sinks sharply by more than 30% on Friday as the precious metals segment is being punished by the financial markets, with the grey metal falling more than $38 at the time of writing. XAG/USD trades at $76.91, after reaching a daily high of $118.46.
Gold tanks below $5,000 as Warsh Fed pick, US inflation weigh
Gold price (XAU/USD) extends its losses on Friday, plunges nearly 10% to sink below $4,900 after US President Donald Trump revealed his pick for Fed Chair, while a hot inflation reading in the US justified the Federal Reserve’s (Fed) decision on Wednesday to keep rates steady.
USD/JPY jumps as US Dollar strengthens on hawkish signals, Warsh nomination
USD/JPY rebounds around 154.50 on Friday at the time of writing, up 0.90% on the day, supported by a renewed recovery in the US Dollar (USD) after several weeks of weakness. The move comes as markets reassess the monetary policy outlook in the United States (US) and Japan.
TWD: Central bank to hold policy steady – DBS Bank
DBS Bank's Group Research expects Taiwan's central bank to maintain its policy rate at 2.00% throughout 2026. The report highlights that inflation is projected to remain below the central bank's comfort zone, with subdued price pressures reflecting stable economic conditions.
JPY: Weakness concerns amid intervention – BNY
The Japanese Yen remains under pressure, with concerns raised by local business leaders about its excessive weakness impacting profitability and wage growth.
United States Baker Hughes US Oil Rig Count below forecasts (412): Actual (411)
United States Baker Hughes US Oil Rig Count below forecasts (412): Actual (411)
USD/CHF rebounds as Warsh nomination and hot PPI support the US Dollar
The Swiss Franc (CHF) weakens against the US Dollar (USD) on Friday, as traders reassess the Federal Reserve (Fed) outlook following fresh signals from US President Donald Trump on the future leadership of the central bank.
USD/IDR: Rupiah stability remains uncertain – MUFG
The Indonesian Rupiah faces challenges amid a deteriorating fiscal picture and rising state-level borrowing. While Bank Indonesia's commitment to FX stability may help slow depreciation, a sustained recovery requires stronger policy clarity.
NZD/USD corrects from six-month high as US Dollar gains traction
NZD/USD trades around 0.6035 on Friday at the time of writing, down 0.70% on the day, snapping a winning streak that began in mid-January. The pair pulls back after touching a six-month high at 0.6094 in the previous day, amid profit-taking and a firm rebound in the US Dollar (USD).
Despite strong results, Apple, SoFi trend lower as Wall Street reflects on Warsh Fed nomination
You couldn't have asked for more from either Apple (AAPL) or SoFi (SOFI) quarterly results. However, the market has taken a dim view of both as the focus is drawn to President Donald Trump's nomination of Kevin Warsh for Federal Reserve (Fed) Chair.
China: PMI expectations and Lunar New Year caution – ABN AMRO
ABN AMRO's report outlines expectations for January PMIs in China, with a consensus forecast indicating broad stabilization. Both manufacturing PMIs are expected to remain at or just above the neutral 50 mark, while the services PMI is anticipated to decrease but remain in expansion territory.
Gold plunges from record highs as profit-taking and a firmer US Dollar weigh
Gold (XAU/USD) comes under intense selling pressure on Friday, giving back all the gains registered earlier this week as extreme volatility triggers broad-based liquidation of leveraged positions. Meanwhile, traders also lock in profits at elevated price levels.
Fed’s Miran: Warsh is a fantastic pick
Federal Reserve (Fed) governor Stepher Miran said that he is really excited to see the good work he believes Warsh will do and that he believes there’s no inflation problem in an interview with CNBC on Friday.
KRW: BOK to maintain rates amid low inflation – DBS Bank
DBS Bank's Group Research projects that the Bank of Korea (BOK) will keep its base rate unchanged at 2.50% throughout 2026. The report indicates that January inflation is expected to ease, reflecting subdued demand-side pressures and stable supply-side conditions.
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