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February 06, 2026

North American Summary and Highlights 6 Feb
Freemium Article

February 6, 2026 8:34 PM UTC

Overview - The USD was mostly weaker as risk appetite recovered. 

U.S. December Consumer Credit ends 2025 strongly
Paying Article

February 6, 2026 8:18 PM UTC

December saw a much stronger than expected $24.0b increase in consumer credit, a further sign that the consumer maintained momentum at the end of 2025. Tuesday will see December retail sales released.

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Russian Economy Grew by 1% in 2025
Paying Article

February 6, 2026 6:25 PM UTC

Bottom Line: According to official announcement, Russian economy grew by 1.0% in 2025. President Putin said this slowdown was expected and intentional as part of measures aimed at curbing inflation. We think Central Bank of Russia’s (CBR) previous aggressive monetary tightening coupled with sancti

U.S. Fed's Jefferson - Policy well positioned for risks
Paying Article

February 6, 2026 5:15 PM UTC

Fed's Jefferson appears happy with the current policy level and optimistic on both growth and inflation.

FX Weekly Strategy: Asia, February 9th-13th
Paying Article

February 6, 2026 4:00 PM UTC

Japan Election Seals the Fate for JPY
A stronger month for U.S. January CPI but slower yr/yr
U.S. January Non-Farm Payrolls Above trend but with higher unemployment
UK Underlying Economy Fragility Continues

U.S. February Preliminary Michigan CSI - Highest since August
Paying Article

February 6, 2026 3:12 PM UTC

February’s preliminary Michigan CSI at 57.3 from 56.4 has seen a third straight increase to the highest level since August. 

U.S. Fed's Bostic - Data signals won't be clear until April or May
Paying Article

February 6, 2026 2:31 PM UTC

Fed's Bostic continues to sound quite hawkish, though his remarks are consistent with our view for easing in June.

Canada January Employment - Ontario explains employment and labor force slippage
Paying Article

February 6, 2026 2:02 PM UTC

Canada has delivered a mixed employment report for January, with a 24.8k decline in employment led by manufacturing and the province of Ontario, but a decline in the unemployment rate to 6.5% from 6.8%. Weather may have played a part in the weakness in Ontario, though details are mixed leaving the d

This week's five highlights
Freemium Article

February 6, 2026 12:00 PM UTC

Market Correction or Profit-Taking?
More Hikes to Come From the RBA
ECB Papering Over the Cracks
EZ HICP Services Inflation Less Resilient as Core Hits Cycle-Low
BOE March Cut and Then More

FX Daily Strategy: N America, February 6th
Paying Article

February 6, 2026 10:19 AM UTC

USD/JPY Remain Undecided Until Election Result
Japan December Household Spending Misses
Canada January Employment A second straight subdued month after three strong ones
U.S. January NFP To Be Delayed

Chart USD/CAD Update: Retracing Janaury losses
Freemium Article

February 6, 2026 8:27 AM UTC

Break above the 1.3700 level has seen extension to resistance at the 1.3720 August low

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Mexico: March Pause Rather Than Cut?
Paying Article

February 6, 2026 7:52 AM UTC

Banxico paused as expected, but revised the peak in inflation to 4% from 3.7% and pushed back the forecast of when inflation is expected to hit the target. Though the economy is still expected to be below trend in 2026, the inflation/growth tradeoff is causing Banxico members to debate whether furth

Chart USD/CHF Update: Range-bound below .7817 high
Paying Article

February 6, 2026 7:48 AM UTC

Range-bound below the .7817 Monday's high as prices consolidate bounce from the .7600, January current year low

Chart USD Index DXY Update: Consolidating at 98.00 Fibonacci level
Paying Article

February 6, 2026 6:57 AM UTC

Settling back from test of strong resistance at the 97.75/98.00 area and 61.8% Fibonacci level

AUD/USD flows: Risk bounce
Paying Article

February 6, 2026 4:42 AM UTC

Risk asset dipped and bounced

FX Daily Strategy: Europe, February 6th
Paying Article

February 6, 2026 4:00 AM UTC

USD/JPY Remain Undecided Until Election Result
Japan December Household Spending Misses
Canada January Employment A second straight subdued month after three strong ones
U.S. January NFP To Be Delayed

USD/JPY flows: Household spending miss
Paying Article

February 6, 2026 2:03 AM UTC

Japan December Household Spending -2.9% m/m 

Chart GBP/USD Update: Extending January losses
Freemium Article

February 6, 2026 1:28 AM UTC

Consolidation above the 1.3623 low has given way to break of the 1.3600/1.3568 support to approach the 1.3500 level

Chart EUR/USD Update: Under pressure
Paying Article

February 6, 2026 1:02 AM UTC

Weighing on the 1.1770 support and threatens break here to extend losses from the 1.2083 January current year high

Chart USD/JPY Update: Consolidating test of 157.00/157.42 resistance
Paying Article

February 6, 2026 12:35 AM UTC

Settling back from test of strong resistance at the 157.00/157.42 area as prices consolidate strong gains from the 152.10 low

Chart AUD/USD Update: Under pressure, room for deeper pullback
Paying Article

February 6, 2026 12:23 AM UTC

Break of the .6942 support see pressure returning to support at the .6900 level

February 05, 2026

North American Summary and Highlights 5 Feb
Freemium Article

February 5, 2026 9:03 PM UTC

Overview - GBP was weak after a close BoE vote for unchanged policy, but otherwise the USD saw only modest gains. 

Canada: BoC's Macklem - Growth will be modest
Paying Article

February 5, 2026 5:59 PM UTC

BoC's Macklem sees limited scope for monetary policy to lift growth while remaining open to policy changes. 

Preview: Due February 27 - Canada Q4/December GDP - A modest correction from a surprisingly strong Q3
Paying Article

February 5, 2026 5:22 PM UTC

We expect Q4 Canadian GDP to decline by 0.3% annualized, marginally softer than an unchanged estimate made by the Bank of Canada with January’s Monetary Policy report. This would be consistent with December GDP rising by 0.1% as projected with November’s data. 

FX Daily Strategy: Asia, February 6th
Paying Article

February 5, 2026 4:00 PM UTC

USD/JPY Remain Undecided Until Election Result
Canada January Employment A second straight subdued month after three strong ones
U.S. January NFP To Be Delayed