Relief Rally Continues, But Trust Gap Remains; Dollar Stays Soft.Risk-on sentiment returned to global equity markets today as tensions surrounding Greenland appeared to de-escalate further. Stocks across regions pushed higher, reflecting relief that the immediate geopolitical shock has been contained, at least for now.

Euro flat as ECB tone softens – Scotiabank.Euro flat as ECB tone softens – Scotiabank

CAD flat as Oil weakness offsets risk appetite – Scotiabank.CAD flat as Oil weakness offsets risk appetite – Scotiabank

Pound Sterling Price News and Forecast: GBP gains on higher UK CPI, Retail Sales.Pound Sterling Price News and Forecast: GBP gains on higher UK CPI, Retail Sales

GBP/JPY holds firm as Japan fiscal risks pressure the Yen, BoJ in focus.GBP/JPY holds firm as Japan fiscal risks pressure the Yen, BoJ in focus

ECB accounts signal patience, reject directional bias.The December meeting accounts showed the ECB broadly aligned with prevailing market rate expectations of not rate move in the near term. Nevertheless, the accounts emphasized that patience should not be misread as inertia.

US initial jobless claims tick up to 200k vs exp 209k.US initial jobless claims fell -1k to 200k in the week ending January 17, below expectation of 209k. Four-week moving average of initial claims fell -4k to 201.5k, lowest since January 13, 2024.

US Q3 GDP growth revised to 4.4% from 4.3%.US Q3 GDP growth revised to 4.4% from 4.3%

US: Initial Jobless Claims rose to 200K last week.US: Initial Jobless Claims rose to 200K last week

Canada New Housing Price Index (YoY) dipped from previous -1.9% to -2% in December.Canada New Housing Price Index (YoY) dipped from previous -1.9% to -2% in December

Natural Gas Price Analysis – Natural Gas Prices in Winter Storm.With the Americans expecting a severe winter storm this weekend, natural gas markets have jumped yet again on Thursday.

USD/JPY Forecast 2026: Fed Cuts vs BoJ Normalization.The USD/JPY forecasts call for a significant weakening of the USD/JPY as the year progresses due to Fed easing/BoJ normalization.

investingLive European markets wrap: The calm after the storm.It looks like it's not a case of "all or nothing" but rather "all for nothing". After the heavy threats on Greenland and Europe, Trump walked back on all of that yesterday and we're seeing a perceived calm filter through to European trading today.

EUR/JPY hits fresh record highs above 185.55 ahead of the BoJ decision.EUR/JPY hits fresh record highs above 185.55 ahead of the BoJ decision

Geopolitical turbulence may test euro area banks' forex funding, risk body warns.Euro area banks might find it hard to finance themselves on the market, particularly in U.S. dollars and other foreign currencies, if high geopolitical uncertainty persists, the European Systemic Risk Board warned on Thursday.

Mexico 1st half-month Core Inflation came in at 0.43%, above forecasts (0.39%) in January.Mexico 1st half-month Core Inflation came in at 0.43%, above forecasts (0.39%) in January

AUD leads G10 gains on strong jobs data and risk rally – MUFG.AUD leads G10 gains on strong jobs data and risk rally – MUFG

USD rebounds modestly after Trump eases Greenland threat – MUFG.USD rebounds modestly after Trump eases Greenland threat – MUFG

German Buba monthly report: GDP to increase moderately in Q1.German Buba monthly report: GDP to increase moderately in Q1

Dollar Played Out TACO Trade.The US dollar got the upper hand after Donald Trump's speech in Davos. The US president announced that there was some framework for a deal on Greenland and that he was abandoning his intention to impose additional tariffs on a number of European countries.

US Dollar Strengthens After Trump's Statements on Greenland.During his visit to the World Economic Forum in Davos, Donald Trump softened his stance on claims over Greenland. According to media reports, the US President pledged not to use military force against NATO allies and also withdrew threats to impose tariffs on goods from several European countries.

 USD/JPY bounces up and approaches 159.00 with all eyes on the BoJ. USD/JPY bounces up and approaches 159.00 with all eyes on the BoJ

Sterling edges up as focus shifts to data, BoE rate outlook.Sterling edged up against both the euro and the U.S. dollar after recent economic data painted a mixed picture, bringing the Bank of ​England rate outlook back into focus.

Rupee breaks six-day losing streak after Trump drops Greenland-related tariff threat.The Indian rupee broke its six-day declining streak by staging a mild recovery on Thursday, supported by an improvement in risk appetite after U.S. President Donald Trump stepped back from tariff threats against Europe linked to Greenland.

NZD: Inflation print may keep RBNZ tightening bets alive – ING.NZD: Inflation print may keep RBNZ tightening bets alive – ING

USD/JPY: Likely to trade in a range of 157.90/158.80 – UOB Group.USD/JPY: Likely to trade in a range of 157.90/158.80 – UOB Group

US Supreme Court to back Fed independence over Trump?.With all the headlines centering around Greenland, it's easy to overlook this bit involving the US Supreme Court yesterday. The court justices were involved in hearing arguments over US president Trump's efforts to fire Fed governor Lisa Cook.

Japan's budget surplus plan faces further delay as Takaichi pushes spending.Japan's plan to return to a primary budget surplus for the first time in decades has been pushed back again, as Prime Minister Sanae Takaichi presses ahead with what she calls a "proactive" fiscal policy.

Strong jobs data lifts AUD rate expectations – ING.Strong jobs data lifts AUD rate expectations – ING

RBA hike risks jump, AUD/USD heading to 7.2, AUD/JPY to 110.The Australian Dollar surged sharply as markets aggressively repriced interest-rate expectations following much stronger-than-expected jobs data. The rally reflects a swift reassessment of policy risk, with labor market resilience undermining the assumption that unemployment would drift higher and cool inflation pressures on its own.