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EMEA: CEE carry seen vulnerable as flows reverse – BNY
BNY’s EMEA Macro Strategist Geoff Yu highlights a sharp divergence between LatAm (Latin America) and EMEA (Europe, Middle East, and Africa) FX flows, with LatAm seeing six‑month high inflows while EMEA suffers its strongest selling in six months.
Recovered from trap, and now?
S&P 500 bullish reversal on NFPs, and then a giant trap that I covered extensively i nthe premium Telegram channels – as it developed, and the rebound‘s anatomy (betting on it unfolding afterrmarket, was correct).
Crude Oil sheds further weight, WTI sinks below $63 on US-Iran headlines
West Texas Intermediate (WTI) US Crude Oil took a fresh leg down on Thursday, bullied into the low end by a combination of the potential for a sharp pullback from US-Iran tensions, and growing scepticism about the potential for a sweeping 'demand wave' from China that energy conglomerates have been
USD/JPY slides as Japan election supports Yen, intervention risks weigh
The Japanese Yen (JPY) trades on the front foot against the US Dollar (USD) on Thursday, with USD/JPY extending its decline for a fourth straight day, driven by Japan’s election outcome and ongoing intervention concerns.
United States 30-Year Bond Auction down to 4.75% from previous 4.825%
United States 30-Year Bond Auction down to 4.75% from previous 4.825%
Hungary: Low inflation opens path for rate cuts – ING
ING economists Peter Virovacz and Zoltán Homolya note that Hungary’s January inflation fell sharply to 2.1% year-on-year, below the National Bank of Hungary’s 3% target. Core inflation also dropped under target, helped by price shield measures and a strong Forint.
US Dollar Index churns near 97.00 on Thursday
The Federal Reserve (Fed) held rates at 3.50% to 3.75% at its January 28 meeting, pausing after three consecutive quarter-point cuts in 2025.
Russia weighs return to US Dollar settlement system – Bloomberg
Russia is considering returning to the US Dollar settlement, a reversal of Moscow’s intention to de-dollarize its economy, according to an exclusive article published by Bloomberg
Dow Jones Industrial Average drops 555 points as tech rout deepens
The Dow Jones Industrial Average (DJIA) dropped 555 points, or 1.1%, on Thursday as the ongoing rotation out of technology stocks accelerated into a broad market selloff.
United States 4-Week Bill Auction remains at 3.63%
United States 4-Week Bill Auction remains at 3.63%
Silver retreats as US jobs data temper rate-cut expectations
Silver (XAG/USD) trades lower on Thursday, hovering around $82.85 at the time of writing, down 1.95% on the day. The white metal is correcting after posting a weekly high at $86.30, while the immediate bullish structure remains intact despite the current pullback.
Pound Sterling Price News and Forecast: Climbs as jobless claims dent USD despite soft UK GDP
The Pound Sterling (GBP) rallies during the North American session on Thursday versus the US Dollar (USD) after new jobs data in the US contradicts a stellar Nonfarm Payrolls report released a day ago.
Denmark: Inflation drop boosts purchasing power – Nordea
Nordea’s Group Chief Economist Helge J. Pedersen highlights that Danish inflation fell sharply to 0.8% year-on-year in January, mainly due to a large cut in electricity tax and lower goods prices. Core inflation also declined, and EU-harmonized inflation is well below the Eurozone.
EUR/USD snaps two-day slide as the Greenback struggles for traction
The Euro (EUR) regains some lost ground against the US Dollar (USD) on Thursday, with EUR/USD snapping a two-day losing streak as the Greenback struggles to attract a meaningful recovery. At the time of writing, EUR/USD is trading around 1.1883, up about 0.10%.
GBP/USD climbs as jobless claims dent USD despite soft UK GDP
The Pound Sterling (GBP) rallies during the North American session on Thursday versus the US Dollar (USD) after new jobs data in the US contradicts a stellar Nonfarm Payrolls report released a day ago.
United States EIA Natural Gas Storage Change came in at -249B, above expectations (-256B) in February 6
United States EIA Natural Gas Storage Change came in at -249B, above expectations (-256B) in February 6
USD/JPY: Authorities stay vigilant as Yen firms – BNY
BNY’s EMEA Macro Strategist Geoff Yu notes that the Japanese government remains highly vigilant on foreign exchange despite recent Japanese Yen gains, with USD/JPY moving toward 153 after stronger U.S. payrolls pushed back Federal Reserve rate-cut expectations.
USD: Data support but structural risks linger – OCBC
OCBC’s FX strategists Sim Moh Siong and Christopher Wong say stronger US non-farm payrolls reinforce a stabilising US labour market, allowing the FOMC to stay patient on rate cuts and limiting near-term Dollar downside.
EUR/USD: Bullish trend eyes 1.20 barrier – Scotiabank
Scotiabank analysts Shaun Osborne and Eric Theoret note the Euro is stabilizing after a minor NFP-driven setback, with improving yield spreads and recovering correlations pointing back to fundamentals.
United States Existing Home Sales Change (MoM) down to -8.4% in January from previous 5.1%
United States Existing Home Sales Change (MoM) down to -8.4% in January from previous 5.1%
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