Eurozone Trade Balance s.a. increased to €11.6B in December from previous €10.7B

Eurozone Employment Change (QoQ) came in at 0.2%, above expectations (0.1%) in 4Q

Eurozone Gross Domestic Product s.a. (QoQ) meets forecasts (0.3%) in 4Q

Eurozone Employment Change (YoY) meets forecasts (0.6%) in 4Q

Eurozone Trade Balance n.s.a. climbed from previous €9.9B to €12.6B in December

Eurozone Gross Domestic Product s.a. (YoY) above expectations (1.3%) in 4Q: Actual (1.4%)

The Pound (GBP) is trimming losses against the Japanese Yen (JPY) on Friday, with the pair returning above 209.00 after bouncing at nearly two-week lows at 207.60.

Silver prices (XAG/USD) rose on Friday, according to FXStreet data. Silver trades at $78.91 per troy ounce, up 5.52% from the $74.78 it cost on Thursday.

ING strategists Francesco Pesole, Frantisek Taborsky and Chris Turner say the Dollar is modestly supported into US CPI, helped by a tech-led risk-off tone and short-term undervaluation versus G10 peers.

China M2 Money Supply (YoY) above expectations (8.4%) in January: Actual (9%)

China New Loans registered at 4710B, below expectations (5000B) in January

Deutsche Bank analysts describe a broad risk-off session where the S&P 500 logged a third straight decline, led by heavy losses in software and mega-cap tech.

Commerzbank’s strategy team keeps a constructive view on the Euro versus the Dollar, forecasting EUR/USD at 1.19 in Q1 2026 and a gradual rise to 1.22 by year-end.

Nordea’s Ole Håkon Eek-Nielsen and Jan von Gerich, reiterates their call for no interest rate cuts from the Federal Reserve. Strong US growth, a tight labour market, a weaker Dollar and higher commodity prices are seen limiting disinflation.

The New Zealand Dollar (NZD) is coming under increasing bearish pressure on Friday, amid a firmer US Dollar (USD), favoured by the dismal market mood.

Danske Research Team expects the second estimate of Euro area Q4 2025 GDP to confirm modest employment growth. National data show strong job gains in Spain but slight declines in France and Germany, leading the bank to project Euro area employment up 0.1% quarter-on-quarter.

The US Dollar (USD) posts moderate gains against the Swiss Franc (CHF) on Friday, returning to levels above 0.7700 to trade at 0.7714 at the time of writing.

TD Securities’ US Rates Strategist Molly Brooks (McGown) argues that with the Federal Reserve likely to keep policy on hold for longer, market uncertainty shifts to the timing and number of future rate cuts.

Spain Consumer Price Index (MoM) meets forecasts (-0.4%) in January

Spain Consumer Price Index (YoY) below expectations (2.4%) in January: Actual (2.3%)

Spain Harmonized Index of Consumer Prices (MoM) below expectations (-0.7%) in January: Actual (-0.8%)

Spain Harmonized Index of Consumer Prices (YoY) registered at 2.4%, below expectations (2.5%) in January

GBP/USD remains subdued for the fourth successive session, trading around 1.3600 during the European hours on Friday. The technical analysis of the daily chart indicates an ongoing bullish bias, as the pair trades within an ascending channel pattern.

ING’s Carsten Brzeski and Bert Colijn describe how EU leaders discussed restoring European competitiveness and long‑term growth at an informal summit in Belgium, which took place on February 12.

RBC Economics’ Consumer Spending Tracker report, authored by Abbey Xu and Rachel Battaglia, shows Canadian cardholder spending softening in January 2026 after strong late‑2025 gains.

Switzerland Consumer Price Index (YoY) meets forecasts (0.1%) in January

Switzerland Consumer Price Index (MoM) registered at -0.1%, below expectations (0%) in January