- NZDUSD stays rangebound ahead of the RBNZ decision: traders expect no change to the OCR
- Oil prices in the spotlight ahead of the second round of US-Iran nuclear talks in Geneva
- Silver's faltering recovery last week not a good early sign
- It's a big week for the British Pound as major UK economic data loom
- EUR/USD still caught meandering after post-payrolls drop last week
- Market outlook for the week of 16th-20th February
- USDJPY consolidates at a major trendline as traders await new catalysts for direction
- BOJ governor Ueda says had regular information exchange with Japan prime minister Takaichi
- Swiss economy estimated to grow by 1.4% overall in 2025
- What are the main events for today?
- Structural selling in the dollar more likely to come from Europe - BofA
- FX option expiries for 16 February 10am New York cut
- Dollar rebalancing theme to remain in focus this week - Credit Agricole
- Reminder: US markets are closed today
It's been a very boring session amid lack of news and data releases. The US holiday isn't helping either as the price action in the markets has been mostly rangebound as traders are still digesting last week's US data. Overall, the bigger picture hasn't changed as we're seeing improvements in the US labour market without a re-acceleration in inflation.
This week, we have a pretty empty calendar in terms of major data releases but Friday is going to be a big day as we get the Flash US PMIs, the US Q4 GDP and a potential US Supreme Court decision on Trump's tariffs. Until then, we might just keep on consolidating unless we get some other catalyst in the meantime.
In the US session, we have only the Canadian housing starts data which isn't going to change anything for the BoC, so the market reaction will likely be muted.
