BofA argues that the dollar remains in a precarious spot and while there is plenty of focus on China diversifying away from dollar-denominated assets, it is Europe that should be watched more closely instead. As a reminder, the US Treasury will be releasing its TIC report for December 2025 later this week on 18 February.
Trading in Asian markets was subdued at the start of the week, with activity dampened by the U.S. holiday and the approach of Lunar New Year. Many regional desks are already lightly staffed, leaving liquidity thin and conviction limited. The holiday mood has kept volatility compressed. Major currency pairs and crosses are confined within Friday’s
Thailand’s economic growth accelerated more than expected in the fourth quarter on strong domestic demand, official data revealed Monday. The annual growth in gross domestic product more than doubled to 2.5 percent in the fourth quarter from 1.2 percent in third quarter, the National Economic and Social Development Council, or NESDC, reported. Economists had forecast
Cooler inflation fails to lift US markets, Amazon slumps Despite a modest rebound in United States (US) stock markets on Friday night following a cooler-than-expected inflation report, all three major US indices finished the week lower. The S&P 500 fell 1.39%, the Nasdaq 100 lost 1.37%, and the Dow Jones closed 614 points lower (1.23%) after hitting a
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The USD/CAD pair is seen extending its sideways consolidative price move for the second straight day and trading above the 1.3600 mark during the Asian session on Monday. Moreover, the mixed fundamental backdrop warrants some caution before positioning for an extension of last week’s bounce from the vicinity of the 1.3500 psychological mark. A modest
Japan junior coalition partner leader urges tax relief while defending BOJ independence. Summary: Junior coalition leader backs swift food tax suspension, targeting fiscal 2026 rollout. Foreign reserves flagged as funding option, potentially reducing need for new debt issuance. BOJ independence emphasised, with rate decisions left to the central bank. Further rate hikes possible, given weak
Japan’s gross domestic product expanded a seasonally adjusted 0.1 percent on quarter in the fourth quarter of 2025, the Cabinet Office said in Monday’s preliminary reading. That missed expectations for an increase of 0.4 percent following the downwardly revised 0.7 percent contraction in the three months prior (originally -0.6 percent). On an annualized basis, GDP
New Zealand Business NZ PSI: 50.9 (January) vs previous 51.5 Source link
Washington escalates sanctions enforcement with another long-range tanker interception. Posting this with Globex oil trade about to open for the new week. Summary: US boards second tanker, intercepting the Panama-flagged Veronica III in the Indian Ocean. Operation followed long-distance tracking from the Caribbean amid sanctions enforcement. Vessel carried 1.9 million barrels and is sanctioned by
The key market influence today is the closure of Chinese mainland markets and half days on ly in Hong Kong and Singapore (more detail below the screenshot). The calendar lists China house price data due today. These were published last week: Japanese economic growth data will be eyed. Fourth-quarter GDP is expected to have expanded
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Sun: Japanese Prelim. GDP (Q4) Mon: US Holiday (Washington’s Birthday/Presidents Day); Eurogroup Meeting; Swedish Unemployment (Jan), EZ Industrial Production (Dec) Tue: RBA Minutes (Feb); UK Unemployment/Wages (Dec), German ZEW (Feb), US ADP Weekly, Canadian CPI (Jan), NY Fed (Feb), Chinese Lunar New Year (Hong Kong markets closed from 17th-19th Feb) Wed: RBNZ Announcement, FOMC Minutes
There was no single, dominant theme in currency markets last week. Instead, price action reflected a mix of cross-asset divergences. Dollar ended as the worst performer, despite the fact that Fed expectations barely shifted following high-profile releases of non-farm payrolls and CPI. Meanwhile, US Equities experienced volatility, particularly around renewed AI disruption fears, yet there
Bitcoin Futures are hovering near $68,800 in mid-February 2026, attempting to stabilize after a sharp retracement from last year’s surge above $110,000. At the same time, Ethereum Futures are trading close to $2,050, nearly 50% below their prior highs above $4,000. While crypto appears to be “holding,” the broader backdrop tells a more complex story.
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