RESERVE BANK OF AUSTRALIA EXPECTED TO CUT INTEREST RATES A poll predicts the Reserve Bank of Australia will reduce interest rates by 75 basis points to 3.60% by the end of 2025. The RBA is expected to cut the cash rate to 4.10% on February 18, according to
US EXPORT AND IMPORT PRICES FOR JANUARY 2025 US export prices rose by +1.3% in January, exceeding the 0.3% estimate. US import prices increased by +0.3%, slightly below the 0.4% estimate. January import prices were revised up to +0.2% from the prior 0.1%. Prior
RUSSIA’S CENTRAL BANK KEEPS INTEREST RATES UNCHANGED The Central Bank of Russia maintains the key interest rate at 21% for the second consecutive meeting. Inflation in Russia is expected to slow to 7%-8% in 2025 and reach the 4% target by 2026. The labor market remains strong, with
BANK OF AMERICA: INTEREST RATE HIKE SHOULD RETURN TO FED’S DISCUSSION TABLE Bank of America analysts review US inflation data, highlighting a 7-month high in January CPI. The headline CPI rose by 0.5% in January, pushing the annual rate to 3.0%. Core CPI, excluding food and energy,
SPAIN'S JANUARY INFLATION READINGS VARIED Spain's January CPI rose by 2.9% YoY, slightly lower than December's 3% growth. The data came in mixed compared to market expectations. Inflation in Spain showed a slight moderation in January compared to the previous month.
EUROZONE Q4 GDP GROWS +0.1%, BETTER THAN EXPECTED Eurozone Q4 preliminary GDP rose by +0.1% q/q, surpassing the expected 0.0%. Prior quarter growth was +0.4%. Despite the slight improvement, growth remains tepid, with Germany continuing to be a key drag. The data highlights modest economic
FEDERAL RESERVE BANK OF DALLAS' LOGAN DISCUSSES 2025 RATE PATH Dallas Fed President Lorie Logan speaks just before market close on Friday. Logan leans towards a less dovish stance within the FOMC. Earlier this month, Logan stated the Fed must choose between resuming cuts or holding rates "for
EUR/USD STAYS STEADY AHEAD OF EUROZONE GDP AND US RETAIL SALES DATA EUR/USD remains around 1.0460, with little movement ahead of key economic data. Eurozone GDP growth for Q4 is expected to hold steady at 0.9% YoY. US Retail Sales are forecasted to contract by 0.
GBP/USD retreats below 1.2500 as USD recovers GBP/USD went down below 1.2500. Earlier, it went up because of strong UK economic data. The US dollar got stronger, pushing GBP/USD lower. Former US President Trump mentioned possible new tariffs, helping the USD rise.
TOP 3 PRICE PREDICTION: BITCOIN, ETHEREUM, RIPPLE Bitcoin (BTC) consolidates between $94,000 and $100,000 for the last nine days. Ethereum (ETH) trades around $2,690, up nearly 3% this week. Ripple (XRP) hovers around $2.55, gaining almost 7% this week.
OIL SET TO SNAP THREE-WEEK LOSING STREAK AMID RISING FUEL DEMAND Oil prices rise on Friday, set to end a three-week losing streak. Increased fuel demand and delays in Trump’s reciprocal global tariffs contribute to the gains. Expectations that tariffs won’t take effect until April give more time
GOLD SET FOR SEVENTH WEEKLY GAIN AMID TRADE WAR RISKS Gold prices hold steady on Friday, on track for a seventh straight weekly gain. Concerns over a global trade war, triggered by Trump’s reciprocal tariff plans, boost gold demand.