Italy Producer Price Index (MoM) down to -0.7% in December from previous 1%.Italy Producer Price Index (MoM) down to -0.7% in December from previous 1%

Italy Producer Price Index (YoY): -1.4% (December) vs previous -0.2%.Italy Producer Price Index (YoY): -1.4% (December) vs previous -0.2%

German GDP: Slight recovery anticipated – Commerzbank.German GDP: Slight recovery anticipated – Commerzbank

EUR/JPY climbs as Eurozone growth beats expectations, Japan inflation eases.EUR/JPY climbs as Eurozone growth beats expectations, Japan inflation eases

Swiss say not engaged in FX manipulation after US strengthens currency monitoring criteria.The Swiss National Bank said on Friday it does not engage in any manipulation of the Swiss franc and has taken note of the U.S. Treasury's latest report on macroeconomic and foreign exchange policies of major U.S. trading partners.

Eurozone GDP beats expectations with 0.3% qoq growth, Q4 ends on firmer note.The Eurozone economy ended 2025 on slightly firmer footing, with GDP rising 0.3% qoq in Q4, modestly above expectations of 0.2%. Growth in the wider European Union matched that pace.

Japan's FX market intervention limited to verbal warnings, MoF data shows.Japan ​refrained from intervening in currency markets through last week, official data showed on ‌Friday, confirming that the government's efforts to defend the yen have been limited to verbal warnings.

Eurozone Gross Domestic Product s.a. (QoQ) came in at 0.3%, above forecasts (0.2%) in 4Q.Eurozone Gross Domestic Product s.a. (QoQ) came in at 0.3%, above forecasts (0.2%) in 4Q

DXY Analysis: Dollar Gains on Hawkish Warsh Fed Chair Nomination Expectations.Dollar gains ahead of Trump's Fed Chair announcement. Kevin Warsh's moderate hawkish stance could drive greenback higher, analysts say.

Hong Kong Q4 GDP expands 3.8% y/y, 2025 GDP up 3.5%.Hong Kong's economy expanded 3.8% from a year earlier in the fourth quarter, official advance estimates showed on Friday, the 12th consecutive quarter of growth thanks to buoyant regional trade flows, growth in inbound tourism and financial service activities.

Eurozone consumer inflation expectations rise to the highest level since the survey began."Respondents in lower income quintiles continued to report on average slightly higher inflation perceptions and short-horizon expectations than those in higher income quintiles, a trend observed since 2023. However, the broad evolution of inflation perceptions and expectations remained relatively closely aligned across income groups.

Germany Hesse CPI (YoY) declined to 2.1% in January from previous 2.2%.Germany Hesse CPI (YoY) declined to 2.1% in January from previous 2.2%

Germany Hesse CPI (MoM) declined to 0% in January from previous 0.1%.Germany Hesse CPI (MoM) declined to 0% in January from previous 0.1%

Dollar Consolidates as Warsh Hints and Shutdown Deal Calm Nerves.Dollar is consolidating within a narrow range today, reflecting a temporary balance between supportive near-term developments and persistent longer-term headwinds. Volatility has subsided, but price action lacks the conviction typical of a durable turnaround.

Swiss KOF falls to 102.5, but outlook remains above average.Switzerland's KOF Swiss Economic Institute Economic Barometer eased from 103.6 to 102.5 in January, undershooting expectations of 103.2. Despite the pullback, the index remains comfortably above its medium-term average, suggesting the outlook has softened but is far from weak.

Japan's industrial production fall -0.1% mom in December, consumption falters.Japan's industrial production edged down -0.1% mom in December, a milder decline than expected -0.4% mom and consistent with a sector struggling for direction rather than deteriorating sharply. The Ministry of Economy, Trade and Industry maintained its assessment that output “fluctuates indecisively,” reflecting uneven momentum across industries.

Tokyo CPI slows to 2% on fuel subsidies, BoJ normalization path intact.Japan's January Tokyo core CPI (excluding fresh food) eased from 2.3% to 2.0% yoy, undershooting expectations of 2.2% and marking a 15-month low. Core-core CPI (excluding fresh food and energy) also eased from 2.3% to 2.0% yoy.

Euro Area GDP Out and Trump to Announce Next Fed Chair.In the euro area, we receive the first January inflation reports from Germany and Spain. Euro area inflation is expected to decline to 1.7% y/y from 1.94% y/y in December, driven by significant energy base effects despite higher energy prices in January.

USD/JPY Recovery Looks Fragile With Resistance Waiting Above.Looking at the 4-hour chart, the pair traded below a key bullish trend line with support at 158.00 to start the recent downtrend. It settled below 156.50, the 200 simple moving average (green, 4-hour), and the 100 simple moving average (red, 4-hour).

First Light News: All Eyes on Trump's Fed Chair Pick.Despite expectations of a new Trump-appointed Fed chair, markets are still only pricing in two Fed rate cuts this year.

WTI slumps to near $64.00 on oversupply concerns and strong Dollar, Iran tensions limit losses.WTI slumps to near $64.00 on oversupply concerns and strong Dollar, Iran tensions limit losses

Turkey Trade Balance dipped from previous -8B to -9.3B in December.Turkey Trade Balance dipped from previous -8B to -9.3B in December

Germany Import Price Index (YoY) above expectations (-2.6%) in December: Actual (-2.3%).Germany Import Price Index (YoY) above expectations (-2.6%) in December: Actual (-2.3%)

Natural Gas and Oil Forecast: Pullback or Launchpad? Energy Markets Face a Crucial Test.Natural gas and oil prices pull back near key support as geopolitical risks, supply disruptions, and technical levels shape the next energy market move.

Plenty of key economic data releases coming up in European trading today.Market players will be watching precious metals closely as we look to wrap up January trading. That will not only have an impact in the commodities space but there will be broader spillovers to the likes of the dollar and risk sentiment as well.

South Africa Private Sector Credit climbed from previous 7.79% to 8.74% in December.South Africa Private Sector Credit climbed from previous 7.79% to 8.74% in December

AUD/JPY Price Forecast: Bullish signals persist above 100-day EMA.AUD/JPY Price Forecast: Bullish signals persist above 100-day EMA

All about the euro: Five questions for the ECB.The European Central Bank meets next Thursday with policymakers relieved that the threat of fresh U.S. tariffs over President Donald Trump's demands to buy Greenland proved short-lived.

Japan Housing Starts (YoY) came in at 1.3%, above forecasts (-4.1%) in December.Japan Housing Starts (YoY) came in at 1.3%, above forecasts (-4.1%) in December

Japan Annualized Housing Starts rose from previous 0.718M to 0.771M in December.Japan Annualized Housing Starts rose from previous 0.718M to 0.771M in December