Trading news

At the Treasury Select Committee (TSC) hearing following the February Monetary Policy Report, Governor Andrew Bailey struck a cautiously dovish tone, suggesting that with inflation returning to target, there should be scope for some further easing in monetary policy.

US consumer sentiment picked up pace in February, as the Conference Board’s Consumer Confidence Index improved to 91.2 , up from January’s 89.0 (revised from 84.5).

United States Dallas Fed Manufacturing Business Index rose from previous -1.2 to 0.2 in February

ING economist Charlotte de Montpellier notes that French business confidence fell further in February, with the overall climate below its long‑term average and services particularly weak.

Commerzbank’s Norman Liebke notes European gas prices have stabilized as milder weather reduces withdrawals from storage, with low withdrawal rates likely to persist in coming weeks.

United States Richmond Fed Manufacturing Index below expectations (-4) in February: Actual (-10)

United States Wholesale Inventories in line with forecasts (0.2%) in December

NZD/USD trades around 0.5950 on Tuesday at the time of writing, down 0.14% on the day, after failing to establish a sustained move above the 0.6000 level.

OCBC’s Sim Moh Siong and Christopher Wong argue that conditions for a sustained US Dollar rebound remain absent, but heavy speculative shorts leave the currency vulnerable to a squeeze.

The British Pound (GBP) strengthens against the Japanese Yen (JPY) on Tuesday as the yen weakens broadly after reports that Japan’s Prime Minister Sanae Takaichi raised concerns about further interest rate hikes in a meeting with Bank of Japan (BoJ) Governor Kazuo Ueda last week.

National Bank of Canada's (NBC) Jocelyn Paquet analyzes recent US tariff developments after the Supreme Court overturned tariffs imposed under IEEPA, temporarily cutting the average rate before the Trump administration reinstated higher duties via a universal 15% tariff.

United States S&P/Case-Shiller Home Price Indices (YoY) came in at 1.4%, below expectations (1.5%) in December

United States Housing Price Index (MoM) below forecasts (0.3%) in December: Actual (0.1%)

United States Redbook Index (YoY) down to 6.7% in February 20 from previous 7.2%

Commerzbank’s Thu Lan Nguyen explains that Base Metals have risen on renewed US tariff uncertainty and a weaker Dollar.

Federal Reserve (Fed) Reserve Bank of Chicago President Austan Goolsbee said that he is optimistic about more interest rate cuts this year, but not until inflation is heading back to target.

BNP Paribas argues that Emerging Markets will remain supported in 2026 by strong global investment in artificial intelligence infrastructure and related supply chains.

AUD/USD trades around 0.7040 on Tuesday at the time of writing, down 0.20% on the day, after failing to hold above the psychological 0.7100 mark on Monday.

United States ADP Employment Change 4-week average: 12.8K (January 31) vs 10.3K

TD Securities’ US Macro Strategist Eli Nir analyzes how Artificial Intelligence-related activity affected US GDP in Q4 2025. Strong AI-driven fixed investment lifted Private Domestic Final Purchases, but a surge in computer and semiconductor imports dragged headline GDP lower.