News

GBP is firmer after UK January retail sales growth overshot expectations , BBH’s FX analysts report. Near-term stagflation backdrop which is an ongoing drag on GBP “Retail sales volumes increased by 1.7% m/m (consensus: 0.5%) following a decline of -0.6% in December (revised from -0.3%). Excluding automotive fuel, retail sales volumes surged 2.1 % m/m

Services PMI 51.1 vs 50.8 expected vs. 50.8 prior Manufacturing PMI 46.4 vs 48.4 expected vs. 48.3 prior Composite PMI 50.5 vs 50.5 expected and 50.6 prior. Key findings: Flash UK PMI Composite Output Index: 50.5 (Jan: 50.6). 2-month low. Flash UK Services PMI Business Activity Index: 51.1 (Jan: 50.8). 2-month high. Flash UK Manufacturing

GBP/USD reached a two-month high at 1.2674 as the US Dollar struggled amid weak jobless claims data. US Initial Jobless Claims increased to 219,000 in the previous week, surpassing the expected 215,000. Traders remain cautious due to ongoing concerns about the UK’s economic outlook. GBP/USD edged lower after hitting a two-month high of 1.2674 on

Japanese Industry and Trade Minister Yoji Muto said that he aims to visit the United States at the earliest possible opportunity to engage in discussions with his U.S. counterparts regarding trade policies, including the impact of tariffs imposed by Washington. Muto emphasized the importance of open dialogue between the two nations to address concerns related

Dow Jones drops over 1.40% to 43,980 as investor sentiment weakens. The US Dollar Index retreats below 106.90 after Trump hints at a potential trade deal with China. US Initial Jobless Claims miss estimates, raising concerns about labor market resilience. St. Louis Fed warns of inflation risks, while Atlanta Fed’s Bostic sees room for two

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

Gold has already a fresh all-time high at around $2,955 on Thursday morning. US President Donald Trump mentioned a trade deal with China could be done.  If US yields drop off further, several more all-time highs in Gold could be foreseen.  Gold’s price (XAU/USD) is stretching further its bullish momentum on Thursday while US yields are

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

The Japanese Yen continues to strengthen amid rising bets for additional BoJ rate hikes. Trump’s tariff threats weigh on investors’ sentiment but also benefit the safe-haven JPY.  The Fed’s hawkish outlook fails to impress the USD bulls or lend support to USD/JPY. The Japanese Yen (JPY) gained strong follow-through traction on Thursday and dragged the

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

The Minutes of the Fed’s January 28-29 policy meeting will be published on Wednesday. Details surrounding the discussions on the decision to keep policy settings unchanged will be scrutinized by investors. Markets see virtually no chance of a 25 bps Fed rate cut in March.  The Minutes of the United States (US) Federal Reserve’s (Fed)

Gold rallies higher for a third straight day in a row and hits a new all-time high on Wednesday. Overnight, US President Donald Trump lashed out at Ukraine and committed again to several tariffs.  Technically, Tuesday’s daily close above $2,910 worked, boosting the Gold price to a fresh all-time high. Gold’s price (XAU/USD) extends this

Eurostoxx flat Germany DAX +0.1% France CAC 40 -0.1% UK FTSE -0.1% Spain IBEX -0.1% Italy FTSE MIB +0.4% US futures are also little changed, keeping marginally higher by 0.1% on the day. It’s been a slower last few sessions, as traders are settling down for a bit of a respite after the more turbulent

Reserve Bank of New Zealand’s (RBNZ) Governor Adrian Orr explains the interest rate cut decision at a press conference following the February monetary policy meeting on Wednesday. Orr is taking questions from the media. Key quotes OCR path projects 50 bps by mid this year, around July. In two 25 bps steps. Economy has significant

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

The Dow Jones backslid around 300 points early Tuesday following a long weekend. Equities recovered their footing, pushing back to flat amid a lack of meaningful data. Latest Fed Meeting Minutes are due on Wednesday as markets watch for signs of rate cuts. The Dow Jones Industrial Average (DJIA) stumbled out of the gate on

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

The Canadian Consumer Price Index is seen increasing 1.8% YoY in January. The Bank of Canada reduced its interest rate by 25 basis points in January. The Canadian Dollar maintains the area of yearly highs vs. the US Dollar. This Tuesday, Statistics Canada will unveil its latest inflation report for January, based on data from

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

DOGE shifts focus toward the SEC as crypto investors expect the examination to reveal abuse in its case against Ripple. SEC could pause its appeal against Judge Analisa Torres ruling of XRP retail sales not constituting securities. XRP could decline to $2.24 if it fails to bounce off the $2.55 support and recover $2.72. Ripple’s XRP

I posted yesterday on Xi speaking but details were sparse. Xinhua has since reported on Xi’s speech, really pumping up its importance. Link is here for the full worship piece: In brief: Xi Jinping called for promoting the healthy and high-quality development of China’s private sector. Highlighted the private sector’s broad prospects and potential in

USD/MXN dips below 50-day SMA at 20.42, trading at 20.27. Weak US Retail Sales and softer PPI sub-components fuel Fed easing expectations. Mexico’s Retail Sales, Banxico minutes, and Q4 GDP are in focus this week. The Mexican Peso (MXN) extended its gains versus the US Dollar (USD), clearing key support at the 50-day Simple Moving

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

EUR/USD is consolidating just under 1.0500. Over the weekend, ECB Governing Council member Fabio Panetta argued for looser monetary policy , BBH’s FX analysts report. ECB stance can pull EUR/USD lower “Panetta said that monetary policy continues to exert downward pressure on economic activity and on inflation, an effect that is less and less necessary

USD/JPY daily chart It might shape up to be a quieter start to the new week but USD/JPY is one to stand out early on as it slumps further since the end of last week. The prospect of reciprocal tariffs and a stronger US CPI report helped to bump up the pair alongside bond yields

Japan’s Economy Minister Ryosei Akazawa said on Monday that he expects the Japanese economy to continue making a modest recovery.   Key quotes Expect the economy to continue making modest recovery. Need to be mindful of overseas economic downside risks, including China and the impact of US policy.  Need to be mindful that rising prices of food and

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

UPCOMING EVENTS: Monday: Japan GDP. Tuesday: RBA Policy Decision, UK Employment report, German ZEW, Canada CPI, US NAHB Housing Market Index, New Zealand PPI. Wednesday: Australia Wage Price Index, RBNZ Policy Decision, UK CPI, US Housing Starts and Building Permits, FOMC Minutes. Thursday: Australia Employment report, PBoC LPR, Canada PPI, US Jobless Claims. Friday: Australia/Japan/Eurozone/UK/US

Bitcoin price has faced downward pressure, dropping 6% in February due to U.S. tariff wars and inflation concerns. Gold prices have climbed 6% over the same period, as investors hedge against economic uncertainty. The RWA sector, including tokenized gold and real estate, has surged 6.6%, reflecting a shift in investor sentiment. Bitcoin price consolidated at

Dogecoin price rose 3% on Friday, crossing the $0.28 level for the first time in 10 days. Dogecoin open interest at $2.42 billion declined by $60 million in the last 48 hours, signaling short traders closing positions. Technical indicators suggest the DOGE rally could enter another leg-up in the days ahead.  Dogecoin price surged 3%