The British Pound (GBP) continues to outperform the US Dollar (USD) on Friday, with GBP/USD climbing to the 1.3600 handle as the Greenback remains under broad-based selling pressure. At the time of writing, the pair is up nearly 0.73% on the day, marking its highest level since September 18, 2025. Sterling is also drawing support from stronger-than-expected UK economic…
Headlines: Markets: GBP and AUD lead, NZD lags on the day European equities slightly lower; S&P 500 futures down 0.1% US 10-year yields down 2.2 bps to 4.229% Gold down 0.2% to $4,924.53 WTI crude oil up 1.6% to $60.34 Bitcoin down 0.1% to $89,130 The Bank of Japan (BOJ) decision today went as expected and so did Ueda’s…
USD/JPY plunges over 300 pips on Friday amid a suspected Japan Ministry of Finance (MoF) ‘rate check’, as excessive Yen (JPY) weakness fuels intervention fears. At the time of writing, the pair is trading around 156.18, down nearly 1.40% on the day, sliding to its lowest level since late December. At the same time, broad-based weakness in the US…
Mon: Australian Holiday (Australia Day), German Ifo (Jan). Tue: Chinese Industrial Profits (Dec), US Richmond Fed (Jan), US Consumer Confidence (Jan). Wed: Fed Policy Announcement, BoC Policy Announcement, BCB Policy Announcement, Australia CPI (Q4), German GfK (Feb), NZ Trade (Dec). Thu: Riksbank Policy Announcement, CBRT Minutes, EZ Money Supply (Dec). Fri: German Import Prices (Dec), German Unemployment (Jan), German…
The US Dollar (USD) ended the week near a four-month low of around 97.80, maintaining a weak tone amid risk aversion in financial markets. Concerns escalated after US President Donald Trump threatened to impose 10% tariffs on eight European countries, which would increase over time unless Denmark agrees to sell Greenland to the US. Tensions remained high until Trump,…
Prior was -0.2% Retail sales ex-autos vs +1.2% expected Prior ex-autos -0.6% Sales of $70.4 billion in November Core sales +1.6% vs -0.5% prior December advance sales -0.5% Retail sales m/m The core sales number is a strong one but part of that was the reopening of liquor stores in British Columbia after a strike. One sign of a…
United States CFTC S&P 500 NC Net Positions: $-818K vs previous $-122.1K
The latest reports we got on the Federal Reserve Chairman decision were last week and suggested that Trump would make a decision either just before or just after going to Davos. He left Davos yesterday and is now back in Washington so it could be on the agenda for today or this weekend. It seems that Trump has already…
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INTC stock has been the best performer on the S&P 500 so far this year. It’s become a market darling after the US government took a 10% stake in the company and ramped up subsidies. The China-style stake backing is suddenly a trading theme but it couldn’t survive Thursday’s earnings report. Shares fell 14% after Intel reported mixed results…
