United States Existing Home Sales Change (MoM) down to -8.4% in January from previous 5.1%

United States Existing Home Sales (MoM) below expectations (4.15M) in January: Actual (3.91M)

Nomura’s George Buckley, notes that UK GDP ended 2025 weakly, with quarterly growth of just 0.1%. Consumer spending and industrial output have underperformed peers, but the bank, the BoE and consensus expect a recovery in 2026 and beyond.

AUD/USD trades around 0.7140 on Thursday at the time of writing, up 0.21% on the day, after briefly reaching a three-year high at 0.7147.

Ripple (XRP) exhibits subtle recovery signs, trading slightly above $1.40 at the time of writing on Thursday, as crypto prices broadly edge higher. Despite the metered uptick, risk-off sentiment remains a concern across the crypto market, as retail and institutional interest dwindle.

The Canadian Dollar (CAD) trades little changed against the US Dollar (USD) on Thursday, as growing uncertainty around North American trade ties keeps investors cautious. At the time of writing, USD/CAD is hovering near 1.3571, with a broadly softer Greenback limiting upside in the pair.

TD Securities analysts note that January Bank of Canada minutes were broadly unsurprising and consistent with a slightly dovish tone. Policymakers see current rates as slightly stimulative but stress geopolitical risks and USMCA renewal uncertainty.

BNY’s EMEA Macro Strategist Geoff Yu highlights that RBA Governor Michele Bullock signaled further rate hikes are possible if Australian inflation remains entrenched, with expectations and productivity trends worrying policymakers.

United Kingdom NIESR GDP Estimate (3M) fell from previous 4.296% to 0.3% in January

RBC Economics Senior Economist Claire Fan notes only minor changes to the U.S. outlook, with a slightly lower near-term unemployment forecast but no change to the 4.5% average for 2026.

The number of United States (US) citizens submitting new applications for unemployment insurance decreased to 227K for the week ending February 7.

Rabobank’s Senior FX Strategist Jane Foley argues that earlier assumptions about Prime Minister Takaichi’s fiscal and monetary stance are being reassessed, reducing pressure on the Bank of Japan to stay ultra‑dovish.

United States Continuing Jobless Claims above expectations (1.85M) in January 30: Actual (1.862M)

Germany Current Account n.s.a. rose from previous €15.1B to €16.1B in December

United States Initial Jobless Claims 4-week average increased to 219.5K in February 6 from previous 212.25K

United States Initial Jobless Claims came in at 227K, above forecasts (222K) in February 6

ING’s Chief Economist for Turkey, Muhammet Mercan, notes that the Central Bank of Turkey raised its 2026 inflation forecast range while keeping its official targets unchanged, and remains relatively constructive on the inflation outlook.

EUR/GBP trades in a narrow range on Wednesday, with the British Pound (GBP) holding firm despite soft UK economic data, as broad-based US Dollar (USD) weakness continues to shape overall FX sentiment.

Deutsche Bank’s Sanjay Raja expects UK CPI and RPI inflation to fall sharply at the start of 2026, with headline and core CPI both seen at 3% year-on-year in January.

Russia Central Bank Reserves $ down to $797.5B from previous $826.8B

Nomura’s Global Markets Research team argues that persistent wage pressures in the Euro area will keep inflation risks elevated in 2027–2028.

OCBC’s FX strategists Sim Moh Siong and Christopher Wong note that hawkish comments from RBA Deputy Governor Hauser have supported the Australian Dollar, even as lower Australian bond yields show rates markets remain cautious.

Gold (XAU/USD) is trading practically flat at the top of the weekly range on Thursday, with bulls capped right below February’s peak in the $5,100 area.

USD/CHF falls toward 0.7680 on Thursday at the time of writing, down 0.48% on the day, after two consecutive days of gains. The pair remains under pressure as the Swiss Franc (CHF) benefits from sustained safe-haven demand and rising domestic yields.

DBS Group Research economist Philip Wee notes that the Dollar failed to gain traction even after stronger US nonfarm payrolls and a lower unemployment rate in January. He highlights that Federal Reserve officials see no need for additional rate cuts as inflation stays above target.

Aster (ASTER) is extending its recovery for the third consecutive day with roughly 9% gains at press time on Thursday, approaching the $0.750 mark. The perpetual-focused Decentralized Exchange (DEX) partnered with Binance Wallet for an on-chain perpetuals trading challenge on Thursday.

TD Securities analysts note that UK GDP for December matched expectations at 0.1% month-on-month, but downward revisions to November left Q4 growth at 0.1% quarter-on-quarter, below consensus and Bank of England projections.