Trading news

United States Kansas Fed Manufacturing Activity up to 10 in February from previous -2

The Pound Sterling retreats over 0.11% on Thursday as the Greenback remains steady as a report revealed that the number of Americans applying for unemployment benefits was below estimates, an indication of the resilience of the labor market.

West Texas Intermediate (WTI) US Oil trades around $65.40 per barrel on Thursday at the time of writing, little changed on the day, after two consecutive days of losses.

United States EIA Natural Gas Storage Change rose from previous -144B to -52B in February 20

The Canadian Dollar (CAD) pares earlier gains against the US Dollar (USD) on Thursday as the Greenback shrugs off its intraday weakness. At the time of writing, USD/CAD trades at 1.3704, rebounding from the daily low around 1.3650.

TD Securities argues US political dynamics will shape Dollar and EMFX performance into 2026.

Standard Chartered economists Christopher Graham and Saabir Salad argue that stronger UK activity data in early 2026 raises questions about how quickly the Bank of England will cut rates.

Federal Reserve (Fed) Governor Stephen Miran said that he has not seen anything worrisome yet in private credit despite some bumps, and added that prices right now seem stable, in an interview with Fox Business on Thursday.

BNY’s Head of Markets Macro Strategy Bob Savage flags AUD/USD as another Dollar-positive rebalancing candidate. While AUD has seen mostly net buying since late January, inflows have been light and positioning less stretched than in other carry or hard-asset currencies.

Commerzbank’s Dr. Marco Wagner introduces a new financial impulse indicator based on the Fed's FCI-G indicator that signals how strongly the financial environment is driving or slowing down the economy.

USD/CHF trades around 0.7740 on Thursday at the time of writing, up 0.15% on the day, snapping a series of consecutive losses. The pair is supported by a modest rebound in the US Dollar (USD), although the broader backdrop remains characterized by strong demand for safe-haven assets.

TD Securities’ Oscar Munoz and Eli Nir argue that a stable US labor market and contained inflation should keep the Federal Reserve on hold in the near term, even as growth remains firm.

GBP/JPY snaps a two-day winning streak on Thursday as hawkish signals from the Bank of Japan (BoJ) strengthen the Japanese Yen (JPY), putting pressure on the British Pound (GBP).

Deutsche Bank’s Sanjay Raja expects the UK Spring Statement on 3 March to be a low-key update, with few new policy measures after the Autumn Budget. The Office for Budget Responsibility will refresh forecasts, with borrowing projected to undershoot and fiscal headroom to rise.

There were 212K Initial Jobless Claims in the week ending February 21, the US Department of Labor (DOL) reported on Thursday. This print followed 208K (revised from 206K) recorded in the previous week and came in slightly better than the market expectation of 215K.

OCBC strategists Sim Moh Siong and Christopher Wong note that dovish-leaning Bank of Japan nominees have reinforced concerns that policy normalisation may lag, weighing on the Japanese Yen even as it remains fundamentally undervalued.

Commerzbank’s Charlie Lay and Moses Lim expect the Reserve Bank of India to keep the policy repo rate at 5.25% as inflation remains contained within the 2–6% target band and growth stays above 7.4%.

United States Continuing Jobless Claims came in at 1.833M, below expectations (1.86M) in February 13

United States Initial Jobless Claims 4-week average increased to 220.25K in February 20 from previous 219K

Canada Current Account registered at -0.7B above expectations (-7.7B) in 4Q