A group of European nations, headed by the United Kingdom (UK) and Germany, is discussing plans to increase its military presence in Greenland to show US President Donald Trump that the continent is serious about Arctic security, Bloomberg reported on Sunday.

Japan’s Prime Minister Sanae Takaichi may call an early general election, the head of her party's coalition partner said on Sunday, after Reuters reported that snap election could be held as early as February.

United States CFTC Gold NC Net Positions declined to $227.6K from previous $2312K

Australia CFTC AUD NC Net Positions climbed from previous $-212K to $-19K

United Kingdom CFTC GBP NC Net Positions: £-30.5K vs £-332K

United States CFTC Oil NC Net Positions: 57.4K vs previous 646K

United States CFTC S&P 500 NC Net Positions rose from previous $-944K to $-106.1K

Eurozone CFTC EUR NC Net Positions down to €162.8K from previous €1575K

Japan CFTC JPY NC Net Positions: ¥8.8K vs previous ¥141K

Japan CFTC JPY NC Net Positions down to ¥88K from previous ¥141K

Richmond Fed President Tom Barkin said the decline in the unemployment rate was welcome and described job growth as modest but stable.

Rather than signaling a setback, December's modest employment gain and rising unemployment rate reinforce our view that Canada's labor market recovery is underway but will likely prove choppy, with slack absorbed only gradually over time, Royal Bank of Canada Senior Economist Claire Fan reports.

Consumer confidence in the US improved slightly to start the year, with the University of Michigan's Consumer Sentiment Index rising to 54 in January's preliminary reading, from 52.9 in December. This print came in slightly better than the market expectation of 53.5.

United States UoM 1-year Consumer Inflation Expectations unchanged at 4.2% in January

United States Michigan Consumer Expectations Index climbed from previous 54.6 to 55 in January

United States UoM 5-year Consumer Inflation Expectation: 3.4% (January) vs 3.2%

United States Michigan Consumer Sentiment Index registered at 54 above expectations (53.5) in January

Gold and Silver prices fell sharply yesterday, with Gold dipping near $4,400 per ounce and Silver briefly below $74, before recovering somewhat, highlighting heightened short-term market uncertainty, Commerzbank's commodity analyst Carsten Fritsch notes.

United States Building Permits Change increased to 6.4% in September from previous -3.7%

United States Housing Starts (MoM): 1.306M (September) vs previous 1.307M

United States Building Permits (MoM): 1.415M (September) vs 1.312M

Canada Net Change in Employment came in at 8.2K, above forecasts (-5K) in December

United States Housing Starts (MoM) dipped from previous 1.307M to 1.246M in September

United States Average Hourly Earnings (YoY) came in at 3.8%, above forecasts (3.6%) in December

United States Average Weekly Hours came in at 34.2 below forecasts (34.3) in December

United States Building Permits (MoM) above expectations (1.35M) in October: Actual (1.412M)

United States Labor Force Participation Rate declined to 62.4% in December from previous 62.5%

United States Housing Starts Change increased to -4.6% in September from previous -8.5%

United States Average Hourly Earnings (MoM) meets expectations (0.3%) in December

USD/CNH remains under 7.0000 as China’s December inflation data showed headline CPI rising to 0.8% y/y, the highest since February 2023, while core CPI stayed at 1.2% for a third consecutive month, and PPI printed -1.9%, indicating ongoing deflationary pressure, BBH FX analysts report.