Trading news

United States Consumer Credit Change registered at $24.05B above expectations ($8B) in December

The Canadian Dollar (CAD) climbed sharply on Friday, adding half a percent against the US Dollar (USD) after January labor market data showed the unemployment rate dropping to 6.5%, its lowest reading since September 2024.

DBS Group Research report, authored by Radhika Rao, reports that Moody’s has changed Indonesia’s rating outlook to ‘negative’ from ‘stable’ while affirming the Baa2 rating.

Argentina Industrial Output n.s.a (YoY) increased to -3.9% in December from previous -8.7%

Gold price (XAU/USD) rallies more than 3% on Friday, poised for a decent weekly gain as dip buyers emerged, following a session that pushed the yellow metal below the $4,800 mark.

UOB's report by Enrico Tanuwidjaja and Sathit Talaengsatya discusses the Bank of Thailand's (BOT) shift from solely using interest rates to a broader policy framework.

The Dow Jones Industrial Average surged 1,050 points, or 2.15%, to close at 49,958.72, a fresh record high on Friday as stocks rebounded sharply from Thursday's tech-led selloff. The S&P; 500 climbed 1.2% to 6,880.13, while the Nasdaq Composite advanced 1.0% to 22,765.45.

United States Baker Hughes US Oil Rig Count climbed from previous 411 to 412

Federal Reserve (Fed) Bank of San Francisco President Mary Daly said on a LinkedIn post on Friday that a low-hiring, low-firing environment may persist, or it may change to a no-hiring, more-firing environment.

Federal Reserve (Fed) Board of Governors Phillip Jefferson said that future Fed moves will be driven by data and views on the economic outlook. He also added that the job market is slowly stabilizing on Friday.

Brown Brothers Harriman (BBH) analysts note the Reserve Bank of India kept its policy rate at 5.25% after earlier cuts and signaled an end to easing while retaining a neutral stance. Despite swaps pricing in future hikes, Governor Malhotra stressed steady rates over the next year.

Silver (XAG/USD) trades firmly higher on Friday and hovers around $76.20 at the time of writing, posting gains of 3.50% on the day.

MUFG Bank analysts Lin Li, Michael Wan, and Lloyd Chan note that Japan’s 8 February election is reinforcing weakness in the Japanese Yen, with USD/JPY drifting back toward 160 after a brief correction.

Bank of England (BoE) Governor Andrew Bailey noted that a low-hiring, low-firing environment may persist or quickly shift to a no-hiring, more-firing labor market in a LinkedIn post on Friday

The report by Nordea, authored by Jan Størup Nielsen and Anders Svendsen, discusses the Danish Krone's (DKK) recent performance against the Euro.

Russia Industrial Output came in at 3.7%, above expectations (-1%) in November

The Pound Sterling recovers on Friday, up by 0.60% as the Greenback makes a U-turn erasing Thursday’s losses amid a risk-on mood. At the time of writing, the GBP/USD trades at 1.3604 yet poised to finish the week with a 0.56% loss.

Deutsche Bank Senior Economist Eric Heymann notes that the downturn in Germany's manufacturing sector has ended, with a projected increase in production of 2 to 3% in 2026. This marks the first rise in industrial production since 2021.

Federal Reserve (Fed) Bank of Atlanta President Raphael Bostic said that inflation has been to high for too long, adding that the Fed can’t lose sight of inflationary concerns at an interview with Bloomberg on Friday.

ABN AMRO’s Group Economics highlights that the brief US government shutdown has delayed key labour and inflation data, with methodological changes set to distort January readings.