Federal Reserve (Fed) Vice Chair Michelle Bowman said that given the risks, the Fed should not signal a pause in rate-cutting campaign in a speech at the New England Economic Forum in Foxborough, Massachusetts on Friday.

The price of Silver continued its upward trajectory this week, reaching a record high of $93.75 per troy ounce on Thursday morning. As a result, the Gold/Silver ratio briefly slipped below the 50 mark for the first time since March 2012.

United States NAHB Housing Market Index below forecasts (40) in January: Actual (37)

United States Industrial Production (MoM) came in at 0.4%, above forecasts (0.1%) in December

United States Capacity Utilization above forecasts (76%) in December: Actual (76.3%)

Canada Canadian Portfolio Investment in Foreign Securities increased to $16.49B in November from previous $-11.58B

Canada Foreign Portfolio Investment in Canadian Securities: $16.33B (November) vs previous $46.62B

Canada Housing Starts s.a (YoY) above expectations (260K) in December: Actual (282.4K)

Russia Central Bank Reserves $: $752.5B vs previous $763.9B

European leaders are taking Trump’s Greenland threats seriously but are uncertain on the ultimate goal. They could offer ‘carrots’ in the form of a greater US military and commercial presence on Greenland.

EUR/USD continues to trade with muted volatility near 5%, with the pair expected to remain range-bound as investors fund carry trades out of the Euro (EUR) rather than the more volatile Japanese Yen (JPY), ING's FX analyst Chris Turner notes.

US Dollar (USD) could edge lower but is unlikely to break the support at 6.9520. In the longer run, USD remains neutral but is now expected to trade in a lower range of 6.9520/6.9900, UOB Group's FX analysts Quek Ser Leang and Lee Sue Ann note.

USD/CNH remains offered after a softer USD/CNY fixing, the lowest since May 2023, reinforcing policymakers’ signal toward a gradual RMB appreciation path. USD/CNH last seen at 6.9668, OCBC's FX analysts Sim Moh Siong and Christopher Wong note.

Italy Consumer Price Index (YoY) in line with forecasts (1.2%) in December

Italy Consumer Price Index (MoM) meets expectations (0.2%) in December

Italy Consumer Price Index (EU Norm) (YoY) in line with forecasts (1.2%) in December

Italy Consumer Price Index (EU Norm) (MoM) in line with expectations (0.2%) in December

Japan’s Finance Minister Satsuki Katayama said that all options, including direct currency intervention, are available for dealing with recent weakness in the Japanese Yen (JPY), Bloomberg reported on Friday.

The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Friday at 7.0078 compared to the previous day's fix of 7.0064 and 6.9722 Reuters estimate.

Japan Foreign Investment in Japan Stocks fell from previous ¥124.9B to ¥1B in January 9

Japan Foreign Investment in Japan Stocks: ¥1141.4B (January 9) vs ¥124.9B

New Zealand Business NZ PMI increased to 56.1 in December from previous 51.4

United States Total Net TIC Flows increased to $212B in November from previous $-37.3B

United States Net Long-Term TIC Flows increased to $220.2B in November from previous $17.5B

Federal Reserve (Fed) Bank of Kansas City President Jeffrey Schmid said that he prefers to keep the monetary policy modestly restrictive as cutting rates could worsen the inflation situation at the Economic Club of Kansas City on Thursday.

United States 4-Week Bill Auction rose from previous 3.55% to 3.595%

United States EIA Natural Gas Storage Change up to -71B in January 9 from previous -119B

Federal Reserve Bank of Atlanta President Raphael Bostic commented that he believes inflation pressures will continue throught the year and that many businesses are still incorporating tariffs into prices at the Metro Atlanta Chamber's Board of Directors meeting on Thursday.

Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee said that Despite the low claims data there is still strength in the job market at an interview with CNBC on Thursday

United States Export Price Index (MoM) came in at 0.5%, above expectations (0.2%) in November