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UK January final services PMI 50.8 vs 51.2 prelim
UK January final services PMI 50.8 vs 51.2 prelim
Final data released by S&P Global - 5 February 2025
USD/CHF holds losses below 0.9050 as US Dollar undergoes a downward correction
USD/CHF holds losses below 0.9050 as US Dollar undergoes a downward correction
USD/CHF continues its decline for the second straight day, trading near 0.9030 during European hours on Wednesday.
USDCHF
Macroeconomics
Majors
Switzerland
Eurozone January final services PMI 51.3 vs 51.4 prelim
Eurozone January final services PMI 51.3 vs 51.4 prelim
Latest data released by HCOB - 5 February 2025
Germany January final services PMI 52.5 vs 52.5 prelim
Germany January final services PMI 52.5 vs 52.5 prelim
Final data released by HCOB - 5 February 2025
Gas: Market remains nervous over EU storage levels – ING
Gas: Market remains nervous over EU storage levels – ING
TTF prices settled 3.25% lower yesterday following China’s retaliatory tariffs on US LNG, ING's commodity expert Warren Patterson notes.
Energy
Gas
Banks
France January final services PMI 48.2 vs 48.9 prelim
France January final services PMI 48.2 vs 48.9 prelim
Latest data released by HCOB - 5 February 2025
Italy January services PMI 50.4 vs 50.5 expected
Italy January services PMI 50.4 vs 50.5 expected
The latest data from HCOB - 5 February 2025
Pound Sterling surge pauses against US Dollar on upbeat US private employment data
Pound Sterling surge pauses against US Dollar on upbeat US private employment data
The Pound Sterling (GBP) surrenders some gains above 1.2500 against the US Dollar in Wednesday’s North American session but is still 0.2% higher.
GBPUSD
BOE
Fed
TradeWar
SEO
Silver Price Forecast: XAG/USD marks three-month highs near $32.50 amid risk-off mood
Silver Price Forecast: XAG/USD marks three-month highs near $32.50 amid risk-off mood
Silver price (XAG/USD) rises for the third successive session, trading around $32.30 per troy ounce, during the European hours on Wednesday.
Silver
XAGUSD
Macroeconomics
Commodities
TradeWar
Spain January services PMI 54.9 vs 56.7 expected
Spain January services PMI 54.9 vs 56.7 expected
Latest data released by HCOB - 5 February 2025
ECB’s de Guindos: I see inflation approaching the ECB's target
ECB’s de Guindos: I see inflation approaching the ECB's target
European Central Bank (ECB) Vice President Luis de Guindos said on Wednesday that “I see inflation approaching the ECB's target.” Further comments I'm not sure where ECB interest rates will end up.
ECB
CentralBanks
InterestRate
EURUSD
Forex Today: US Dollar retreats, Gold renews record-high as markets await US data
Forex Today: US Dollar retreats, Gold renews record-high as markets await US data
Here is what you need to know on Wednesday, February 5: After weakening against its major rivals on improving risk mood and disappointing US data on Tuesday, the US Dollar (USD) struggles to hold its ground early Wednesday.
Majors
Currencies
EconomicIndicator
Commodities
Macroeconomics
EU prepares to hit Big Tech in retaliation for Trump’s tariffs – FT
EU prepares to hit Big Tech in retaliation for Trump’s tariffs – FT
Citing two officials with knowledge of the plans, the Financial Times (FT) reported on Wednesday that the European Commission is preparing to deploy its “anti-coercion instrument” (ACI) in a potential retaliation to US President Donald Trump’s tariffs, which would enable the European Union (EU) to target US service sectors like Big Tech.
Eurozone
TradeWar
UnitedStates
EURUSD
USD/INR maintains position above 87.00 after HSBC PMI data release
USD/INR maintains position above 87.00 after HSBC PMI data release
USD/INR continues its upward momentum for the fourth consecutive day, trading around 87.10 during Wednesday’s Asian session.
USDINR
Macroeconomics
TradeWar
India
Asia
EUR/USD lacks firm intraday direction, stuck in a range around 1.0375-1.0380 zone
EUR/USD lacks firm intraday direction, stuck in a range around 1.0375-1.0380 zone
The EUR/USD pair struggles to capitalize on this week's solid recovery from the 1.0200 neighborhood, or the lowest level since January 13, and oscillates in a range near the weekly top touched earlier this Wednesday.
EURUSD
TradeWar
Fed
ECB
Currencies
What are the main events for today?
What are the main events for today?
The highlights include the US ADP, the US ISM Services PMI and the potential call between Trump and Xi
market overview
EU prepares to hit Big Tech in retaliation for Donald Trump’s tariffs - FT
EU prepares to hit Big Tech in retaliation for Donald Trump’s tariffs - FT
The Financial Times with the report citing two officials with knowledge of the plans
EUR/JPY falls to near 159.00 amid rising wages in Japan
EUR/JPY falls to near 159.00 amid rising wages in Japan
EUR/JPY retreats after gains in the previous session, trading near 159.00 during Asian hours on Wednesday.
EURJPY
Crosses
Macroeconomics
Japan
Eurozone
ForexLive Asia-Pacific FX news wrap: Solid Japan wage data, yen surges higher
ForexLive Asia-Pacific FX news wrap: Solid Japan wage data, yen surges higher
Forex news for Asian trading on Wednesday, February 5, 2025
Session wrap
Wrap Asia
GBP/USD holds steady below 1.2500; softer USD acts as a tailwind
GBP/USD holds steady below 1.2500; softer USD acts as a tailwind
The GBP/USD pair struggles to capitalize on its strong gains registered over the past two days and consolidates near a one-week top, below the 1.2500 psychological mark during the Asian session on Wednesday.
GBPUSD
TradeWar
Fed
BOE
Currencies
FX option expiries for Feb 5 NY cut
FX option expiries for Feb 5 NY cut
FX option expiries for Feb 5 NY cut at 10:00 Eastern Time via DTCC can be found below.
Options
Currencies
Japan’s Akazawa: Government’s focus is to eradicate Japan's deflationary mindset
Japan’s Akazawa: Government’s focus is to eradicate Japan's deflationary mindset
Japan's Economy Minister Ryosei Akazawa noted on Wednesday that the ”government’s focus is to eradicate Japan's deflationary mindset.” “With an ambitious goal to boost minimum wages, the government is trying to eradicate deflationary mindset,” he added.
Japan
Inflation
Macroeconomics
USDJPY
US Customs and Border Protection says additional 10% tariffs will apply to Hong Kong and mainland China
US Customs and Border Protection says additional 10% tariffs will apply to Hong Kong and mainland China
The US Customs and Border Protection issued a notice on Wednesday, noting that additional US tariffs of 10% will apply to Hong Kong as well as mainland China.
TradeWar
UnitedStates
China
AUDUSD
HongKongSAR
BoJ official: Central bank sees underlying inflation gradually heading toward 2%
BoJ official: Central bank sees underlying inflation gradually heading toward 2%
An official at the Bank of Japan (BoJ) said on Wednesday that the “BoJ sees underlying inflation gradually heading toward 2%.” Additional comments Price rises post-pandemic have been driven mostly by cost-push factors, such as rising import costs from weak Yen.
BOJ
CentralBanks
USDJPY
WTI trades near $72.00, moves little as market downplays US-China trade tensions
WTI trades near $72.00, moves little as market downplays US-China trade tensions
West Texas Intermediate (WTI) crude oil price remains in negative territory for the third consecutive session, trading around $72.20 per barrel during Asian hours on Wednesday.
Oil
WTI
TradeWar
Macroeconomics
Commodities
European Central Bank chief economist Philip Lane is speaking today
European Central Bank chief economist Philip Lane is speaking today
The ECB looks set to cut rates further, perhaps Lane can give us further confirmation on this
USD/CAD consolidates above 1.4300 mark; upside potential seems limited
USD/CAD consolidates above 1.4300 mark; upside potential seems limited
The USD/CAD pair enters a bearish consolidation phase after registering heavy losses over the past two days and holds above the 1.4300 mark during the Asian session on Wednesday.
USDCAD
TradeWar
BOC
Fed
Currencies
Japanese Yen stands firm against USD; looks to US ADP for fresh impetus
Japanese Yen stands firm against USD; looks to US ADP for fresh impetus
The Japanese Yen (JPY) attracts fresh buyers after data released during the Asian session on Wednesday showed a rise in Japan's real wages, which reaffirms bets that the Bank of Japan (BoJ) will raise interest rates again.
USDJPY
BOJ
InterestRate
TradeWar
SEO
NZD/USD hovers around 0.5650 following labor market data, China’s Services PMI
NZD/USD hovers around 0.5650 following labor market data, China’s Services PMI
NZD/USD remains steady following the release of the Caixin Services Purchasing Managers’ Index (PMI) from China, New Zealand’s close trading partner.
NZDUSD
Macroeconomics
TradeWar
NewZealand
Majors
US Postal Service suspends packages from China and Hong Kong until further notice
US Postal Service suspends packages from China and Hong Kong until further notice
Meanwhile, Chinese equities are weak
CNY
China Stock Market
China
CNH
China’s Caixin Services PMI unexpectedly drops to 51 in January vs. 52.3 expected
China’s Caixin Services PMI unexpectedly drops to 51 in January vs. 52.3 expected
China's Services Purchasing Managers' Index (PMI) unexpectedly fell to 51 in January from 52.2 in December, the latest data published by Caixin showed Wednesday.
China
EconomicIndicator
PMI
AUDUSD
China January Caixin Services PMI 51.0 (vs. 52.2 in December)
China January Caixin Services PMI 51.0 (vs. 52.2 in December)
Activity in China's services sector
CNY
China Stock Market
China
CNH
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