The USD/CAD pair trades in negative territory for the fourth consecutive day near 1.3550 during the early Asian session on Wednesday. Higher crude oil prices continue to underpin the commodity-linked Canadian Dollar (CAD) against the Greenback.
The National Bureau of Statistics of China (NBS) will publish its data for January at 01.30 GMT. The Consumer Price Index (CPI) is expected to show a rise of 0.4% YoY in January, compared to 0.8% in December.
Gold price (XAU/USD) falls to near $5,045 during the early Asian session on Wednesday. Traders assess whether prices have found a floor following a historic sell-off.
Following one of Ethereum's (ETH) largest weekly drawdowns, whales are slowly returning to action alongside a drop in retail selling pressure.
Societe Generale analysts report that the Chinese Yuan has rallied for 11 consecutive weeks, pushing USD/CNY close to 6.90, last seen in May 2023.
GBP/USD pulled back on Tuesday after Monday's strong bounce from the 1.3510 low, closing at 1.3641, down 0.39% on the session.
USD/JPY is trading in a choppy, range-bound structure on the daily chart, oscillating between the January high near 159.450 and the late-January swing low at 152.100.
The New Zealand Dollar is trading in a well-defined uptrend on the daily chart, with price holding above both the 50 Exponential Moving Average (EMA) at 0.5874 and the 200 EMA at 0.5845 after a strong rally from the late November low near 0.5580.
US Treasury yields fell across the curve, with he US 10-year Treasury note, the benchmark diving nearly six basis points down at 4.141% sponsored by softer than expected economic data, which would warrant further easing by the Federal Reserve (Fed).
The Australian Dollar is holding a strong uptrend on the daily chart, with price trading well above both the 50 Exponential Moving Average (EMA) at 0.6797 and the 200 EMA at 0.6611, confirming a firmly bullish structure of higher highs and higher lows since the late November swing low near 0.6421.
In a pre-taped interview with Fox Business, US President Donald Trump made a variety of statements, including his belief that a two-percentage-point drop in interest rates would wipe out the US national deficit.
UOB’s Jester Koh notes that Singapore’s 4Q25 GDP was revised sharply higher, lifting full-year 2025 growth to 5.0% and prompting an upgrade of the bank’s 2026 GDP forecast to 3.6%.
The Euro retreats during the North American session edges below the 1.1900 figure against the Greenback as some Federal Reserve officials pushed back against further rate cuts, even though US Retail Sales data, disappointed traders.
DBS Group Research economist Chua Han Teng assesses Thailand’s 2026 election outcome as supportive for political stability and policy continuity.
TD Securities expects China’s January CPI to slow, with its forecast at 0.3% year-on-year versus 0.4% consensus, driven by sharply easing food inflation after recent surges. Weak services price pressures reflect tepid demand.
Commerzbank’s Charlie Lay and Moses Lim highlight that Taiwan’s January exports jumped 69.9% year-on-year, the strongest in 16 years, boosted by base effects and robust demand for advanced semiconductors used in AI. Export growth was broad-based across electronics, chemicals and base metals.
Societe Generale’s LatAm strategists describe money markets pricing a 50 bp Selic cut in March, while their economist Dev Ashish expects a smaller 25 bp move as the BCB remains cautious on inflation.
Danske Bank analysts highlight the newly finalised EU–India trade agreement, which will remove tariffs on over 90% of traded goods within seven years. India currently represents just 1.5% of Euro area exports but is projected to grow around 6.5% annually to 2030.
United States (US) ADP reported that, on average, the private sector added 6.5K new jobs in the four weeks ending January 24, up from 5K in the previous week. Other than that, Retail Sales remained unchanged in December, below expectations for a 0.4% increase and below November’s 0.6% advance.
UBS’s Paul Donovan comments on US President Trump’s social media attacks on Canada, including threats to block a US-Canada bridge and link a Canada-China trade deal to ice hockey in Canada.
Gold price turns negative during Tuesday’s session, even though worse than expected data in the US pushed investors to trim US Dollar shorts, pushing the yellow metal lower, but remaining above the $5,000 threshold. At the time of writing, XAU/USD trades with losses of 0.72% at $5,022.
National Bank Of Canada (NBC) analysts Taylor Schleich, Ethan Currie and Warren Lovely, expect the Federal Reserve to resume rate cuts in March and June 2026, driven by labour market concerns despite firmer growth and inflation.