Japan Tokyo CPI ex Food, Energy (YoY) registered at 2%, below expectations (2.2%) in January
Japan Tokyo CPI ex Food, Energy (YoY) registered at 2%, below expectations (2.2%) in January
South Korea Service Sector Output climbed from previous 0.7% to 1.1% in December
South Korea Service Sector Output climbed from previous 0.7% to 1.1% in December
South Korea Industrial Output Growth above expectations (0.5%) in December: Actual (1.7%)
South Korea Industrial Output Growth above expectations (0.5%) in December: Actual (1.7%)
Gold trims losses, peaks near $5,600, set for strongest month in decades
Gold (XAU/USD) trims some of its earlier losses on Thursday as traders book profits following the Federal Reserve’s (Fed) monetary policy decision, which barely moved the needle as the yellow metal seems poised to record its best month since the 1980s.
SGD: MAS positioned for inflation risks – Commerzbank
Commerzbank’s FX Research report by Charlie Lay and Moses Lim highlights that the Monetary Authority of Singapore (MAS) has maintained its current policy stance, leaving the SGD NEER unchanged.
Forex Today: Trump slams Powell, US Dollar recovers from four-year lows
Financial markets were choppy on Thursday, with significant volatility during US trading hours. In the absence of other news, the focus was on United States (US) President Donald Trump, who said on Truth Social that the Federal Reserve (Fed) should substantially lower interest rates: “now!
Dow Jones Industrial Average declines amid Microsoft drop and fading AI optimism
US equities faced renewed pressure on Thursday as megacap technology earnings and the Federal Reserve’s (Fed) tepid showing this week weighed on sentiment.
Canada International Merchandise Trade came in at $-2.2B, below expectations ($-0.7B) in November
Canada International Merchandise Trade came in at $-2.2B, below expectations ($-0.7B) in November
Canada Exports: $63.94B (November) vs previous $65.61B
Canada Exports: $63.94B (November) vs previous $65.61B
Canada Imports declined to $66.14B in November from previous $66.19B
Canada Imports declined to $66.14B in November from previous $66.19B
EUR/USD: Technical moment for potential breakout – Societe Generale
Societe Generale’s report analyzes the EUR/USD pair, noting a significant technical moment as it approaches the 200-day moving average. A close above this level could prompt adjustments in positions and hedging structures.
Gold rallies to fresh record highs on safe-haven demand amid geopolitical tensions
Gold (XAU/USD) adds another leg to its relentless rally on Thursday, building on the previous day’s solid gains of 3.87% as increased volatility and ongoing safe-haven demand continue to drive strong inflows into Bullion.
CAD: Trade balance and employment data ahead – TD Securities
TD Securities’ Global Strategy Team highlights upcoming Canadian economic data, including the International Merchandise Trade and Payroll Employment Change. The trade deficit is expected to edge lower to $1.0 billion in November, influenced by headwinds in export activity.
USD/JPY remains steady near 153.50 with Tokyo CPI in focus
The US Dollar is gaining the upper hand against the Japanese Yen, with both currencies among the worst G8 performers this week.
USD: Fed maintains rates, signals data-driven patience – TD Securities
TD Securities’ Global Strategy Team reviews the recent FOMC meeting, where the Federal Reserve maintained rates at 3.50%-3.75%. The statement was marginally hawkish, with Chair Powell indicating that the Fed can be patient and let data guide future decisions.
CAD: BOC maintains cautious stance – BBH
According to Brown Brothers Harriman (BBH), the Bank of Canada has kept the policy rate unchanged at 2.25% for the second consecutive meeting, adopting a more cautious tone.
GBP/JPY steadies near 212.00 as Yen recovery loses steam
The Pound holds right below weekly highs against the Japanese Yen, trading at 211.65 at the time of writing following Wednesday’s rebound from 210.00 lows.
SEK: Riksbank maintains policy rate amid uncertainty – Nomura
Nomura’s Global Markets Research report discusses the Riksbank’s decision to hold the policy rate at 1.75%.
AUD/USD gains as Australian inflation data strengthens RBA rate hike outlook
AUD/USD trades around 0.7050 on Thursday at the time of writing, up 0.25% on the day, extending a positive momentum fueled by renewed optimism surrounding monetary policy in Australia.
Gold: Rally continues with all-time highs – UOB Group
Gold prices surged to an all-time high above $5,500/oz, driven by US dollar weakness and expectations of further monetary easing from the Federal Reserve. The precious metal extended its rally, marking significant gains in recent sessions, notes UOB Global Economics & Markets Research.