North American Summary and Highlights 6 Feb

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

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.

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

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

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

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

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

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

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

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

February 6, 2026 8:27 AM UTC

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

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

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

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