Market Roundup
• Australia PPI (YoY) (Q4) 3.5%, 3.5% previous
• Australia PPI (QoQ) (Q4) 0.8%, 1.1% forecast, 1.0% previous
• Australia Housing Credit (Dec) 0.7%, 0.6% previous
• Australia Private Sector Credit (MoM) (Dec) 0.8%, 0.6% forecast, 0.6% previous
•New Zealand M3 Money Supply (Dec) 447.9B, 443.6B previous
Looking Ahead Economic Data (GMT)
• 06:30 French GDP (YoY) (Q4)1.2% forecast,0.9% previous
• 06:30 French GDP (QoQ) (Q4) 0.2% forecast,0.5% previous
• 06:30 French Consumer Spending (MoM) (Dec)-0.4% forecast,-0.3% previous
•07:00 UK Nationwide HPI (MoM) (Jan)-0.4% previous
•07:00 UK Nationwide HPI (YoY) (Jan) 0.6% previous
•07:00 German Import Price Index (YoY) (Dec)-2.6% forecast,-1.9% previous
•07:00 German Import Price Index (MoM) (Dec)-0.4% forecast,0.5% previous
•07:45 French Non-Farm Payrolls (QoQ) (Q4)0.0% previous
•07:45 French PPI (YoY) (Dec)-3.30% previous
•07:45 French PPI (MoM) (Dec)1.1% previous
Looking Ahead Events And Other Releases (GMT)
•No events Ahead
Currency Forecast
EUR/USD : The euro dipped on Friday as dollar recovered after U.S. President Donald Trump said he would soon announce his nominee to head the Federal Reserve and on optimism Washington will avert a government shutdown. Trump said he intends to name his pick to replace Fed Chair Jerome Powell on Friday, following reports that former Fed Governor Kevin Warsh visited the White House. In Japan, data showed inflation slowed in Tokyo but matched the central bank's target. The dollar index D, which measures the greenback against a basket of currencies, rose 0.4% to 96.60, trimming its weekly decline to 0.9%.The euro sank 0.4% at $1.1916,. Immediate resistance can be seen at 1.2047(23.6%fib), an upside break can trigger rise towards 1.2065(Higher BB).On the downside, immediate support is seen at 1.1939 (38.2%fib), a break below could take the pair towards 1.1849(50%fib).
GBP/USD: Sterling dipped on Friday as dollar recovered after President Donald Trump said he would soon reveal his nominee to lead the Federal Reserve and amid growing optimism that lawmakers in Washington would avert a government shutdown.Trump indicated he plans to announce his choice to succeed Fed Chair Jerome Powell on Friday, following reports that former Federal Reserve Governor Kevin Warsh met with him at the White House. Meanwhile, Japanese data showed inflation slowed in Tokyo but still matched the Bank of Japan’s target.The greenback recovered some of the ground it lost earlier in the week as increased geopolitical tensions — including strains between the U.S. and Cuba, Iran, Venezuela, Greenland and Europe had previously weakened confidence in U.S. assets among some investors. Immediate resistance can be seen at 1.3848(38.2%fib), an upside break can trigger rise towards 1.3889(Higher BB).On the downside, immediate support is seen at 1.3691(38.2%fib), a break below could take the pair towards 1.3572(50%fib).
AUD/USD: The Australian dollar eased from 3-year high on Friday following the release of Australia’s Producer Price Index (PPI).Australia’s final demand PPI rose 0.8% QoQ in Q4 2025, slowing from 1.0% in Q3 and missing the 1.1% forecast, signaling easing producer price pressures.Meanwhile, a hotter-than-expected Australian inflation reading has led markets to price in a 70% probability of a 25bp rate hike next week, with 50bp of total tightening expected over the year from the current 3.6% cash rate.The Reserve Bank of Australia meets on Tuesday and had already warned that rates might need to rise if inflation did not cool as hoped, leaving all four of the major local banks tipping a hike to 3.85. Immediate resistance can be seen at 0.7083(23.6%fib), an upside break can trigger rise towards 0.7108(Higher BB).On the downside, immediate support is seen at 0.07000(Psychological level), a break below could take the pair towards 0.6958 (38.2%fib)
USD/JPY: The U.S. dollar firmed against yen On Friday as greenback rebounded after data showed new applications for unemployment benefits fell last week U.S. initial jobless claims fell by 1,000 to 209,000 in the week ended January 24, while the previous week’s figure was revised up to 210,000The yen is up nearly 2% this month and has gained as much as 4.6% from January lows.Market participants continue to factor in the threat of unilateral action by Japanese authorities following a string of verbal cautions.Data on Friday showed core inflation in Japan’s capital fell to a 15-month low in January, reflecting the impact of fuel subsidies and slowing food costs.Separate data released on Friday showed Japan's factory output edged down 0.1% in December from the previous month, compared with a median market forecast for a 0.4% dip.. Immediate resistance can be seen at 154.14(50%fib) an upside break can trigger rise towards 156.36(38.2%fib) .On the downside, immediate support is seen at 152.09(50%fib) a break below could take the pair towards 151.28 (Lower BB).
Equities Recap
Asian equities were choppy on Friday following Trump’s support for a bipartisan plan to avoid a government shutdown and confirmation of his Fed nominee.
Hang Sang was down 1.74 %, Japan’s Nikkei 225 was down by 0.01% ,South Korea’s KOSPI was up at 0.54 %
Commodities Recap
Oil prices slipped more than 1% on Friday from multi-month highs, though they are set for their most substantial gains in years, as the risk premium surged due to a potential U.S. attack on Iran that could disrupt supplies.
Brent crude futures fell 91 cents to $69.80 a barrel at 0332GMT after rising 3.4% to close at its highest point since July 31 on Thursday. The March contract expires later on Friday. The more active April contract slid $1.07 to $68.52.
Gold dipped on Friday under pressure from a stronger dollar but was on track for its largest monthly gain since 1980 amid ongoing geopolitical and economic uncertainty.
Spot gold was down 0.9% at $5,346.42 per ounce, as of 0124 GMT, after scaling a record $5,594.82 the previous day.U.S. gold futures for February delivery climbed 1.3% to $5,390.80 per ounce on Friday.
