Natural Gas and Oil Forecast: WTI Pauses Near $65 – Break Higher or Fade Back?.Oil prices rebound on geopolitical risk as WTI holds $64 resistance, while natural gas consolidates above $3.15 with bullish structure still intact.

USD: Rebound signals strength – Nordea.USD: Rebound signals strength – Nordea

French trade deficit narrows further in 2025 as exports rebound.For some context, the French trade deficit is still on recovery mode after having hit its highest point in 2022 amid the whole Russia-Ukraine conflict. That drove up import prices for energy by almost double compared to 2021, resulting in a trade deficit of €161.7.

Swedish Inflation Figures Conclude the Week.In Sweden, flash estimates for the Swedish January inflation will be released today. We expect a decrease in core inflation from 2.3% y/y in December to 1.9% y/y in January, which would mark the first month in four years with core inflation below the Riksbank's 2.0% target.

Pound-to-Euro Forecast: GBP Slides as BoE Vote Shocks Markets.The Pound Euro (GBP/EUR) exchange rate fell sharply to a nine-day low on Thursday as markets reacted to the latest interest rate decisions from the Bank of England and the European Central Bank. Latest — Exchange Rates:Pound to Euro (GBP/EUR): 1.14839 (-0.68%)Pound to Dollar (GBP/USD): 1.35469 (-0.73%)Euro to Dollar (EUR/USD): 1.17964.

JPY: Political dynamics weigh on outlook – MUFG.JPY: Political dynamics weigh on outlook – MUFG

German Industrial Production falls 1.9% MoM in December vs. -0.3% expected.German Industrial Production falls 1.9% MoM in December vs. -0.3% expected

Hungary's deficit to be around 5% of GDP this year and next, Orban says.Hungary's budget deficit will be around 5% of the GDP this year and next year, Hungary's Prime Minister Viktor Orban said in an interview with state radio on Friday.

Markets hold more nervous ahead of European trading today.With the absence of the US jobs report today, it is leaving markets to fend for themselves in closing out the week. And so far, the more nervous and jittery mood all around is still permeating as we look to the session ahead.

BoJ's Masu says central bank is not behind the curve in dealing with inflation.BoJ's Masu says central bank is not behind the curve in dealing with inflation

Morning Bid: Fed under pressure as layoffs mount.A look at the day ahead in European and global markets from Gregor Stuart Hunter.

GBP/JPY climbs back closer to mid-212.00s; upside seems capped amid firmer JPY.GBP/JPY climbs back closer to mid-212.00s; upside seems capped amid firmer JPY

Yuan heads for longest weekly winning streak against dollar in 13 years.China's yuan held a soft tone on Friday, but remained on track for its longest winning streak against the dollar in nearly 13 years buoyed by strong exports.

Japan Leading Economic Index above expectations (109.8) in December: Actual (110.2).Japan Leading Economic Index above expectations (109.8) in December: Actual (110.2)

Japan Coincident Index: 114.5 (December) vs previous 114.9.Japan Coincident Index: 114.5 (December) vs previous 114.9

EUR/JPY Price Forecast: Falls toward 184.50 near nine-day EMA support.EUR/JPY Price Forecast: Falls toward 184.50 near nine-day EMA support

India central bank holds policy rate, as expected.The Reserve Bank of India (RBI) kept its key repo rate unchanged on Friday, as expected, amid strong economic growth and reduced tariff pressures following a trade deal with the United States.

ECB Keeps Rates at “Good Place” While Maintaining Data-Dependent Stance.ECB held rates steady in February, but EUR fell as guidance disappointed, risk off flows returned, and traders trimmed bullish positioning.

Rupee strengthens to 90.18 per dollar, weekly rally gathers steam before RBI MPC outcome.On Friday, the Indian rupee continued its ascent, marking a notable weekly gain ahead of the Reserve Bank of India's much-anticipated policy update. The currency appeared to benefit from strategic dollar sales, pushing it higher despite a backdrop of global market unease.

RBA's Bullock defends rate hike, cites excess demand and capacity strain.RBA Governor Michele Bullock told the House of Representatives economics committee today that the decision to raise the cash rate by 25bps to 3.85% was driven by a clear resurgence in inflation pressures during the second half of 2025.

BoJ's Masu backs further hikes, flags weak Yen risks but urges caution.BoJ board member Kazuyuki Masu said further interest rate hikes will be needed to complete Japan's monetary policy normalization. He noted that underlying inflation remains below 2% but is “drawing very close” to that level as firms and households gradually shed entrenched deflationary behavior.

BoC's Macklem sees modest growth as economy adjusts to structural shifts.In a speech overnight, BoC Governor Tiff Macklem said Canada is undergoing profound structural change, driven by the end of open trade with the US, rapid advances in artificial intelligence, and slower population growth due to aging and lower immigration. These forces, he said, are reshaping the economy in ways that will have lasting implications.

USD/JPY Presses Higher, But A Major Barrier Stands In The Way.The US Dollar started a steady increase above 154.20 against the Japanese Yen. USD/JPY cleared the 155.00 resistance to enter a positive zone.

India eyes up to $80bn in Boeing orders after US trade deal, CNBC reports.A potential $70–80bn Boeing order pipeline would be a headline boost for US aerospace, but markets still need detail on timing, funding and how much of the wider US–India trade package is binding.

US Dollar Index breaks below 98.00 as US labor data cool job market.US Dollar Index breaks below 98.00 as US labor data cool job market

Japanese Yen recovers slightly from two-week low vs. USD; lacks bullish conviction.Japanese Yen recovers slightly from two-week low vs. USD; lacks bullish conviction

Rupee largely quiet before RBI policy; risk-off sentiment may weigh.The Indian rupee is likely to open flat on Friday and hold a narrow range before the central bank's policy announcement, with risk aversion limiting appetite for rupee and other emerging-market currencies.

Japan election Sunday puts yen and bond markets on alert as Takaichi seeks strong mandate.Japan markets are watching whether Takaichi's likely election win delivers political stability without reigniting fiscal fears that pressure the yen and JGBs.

Former Japan currency chief says FX intervention should be backed by rate hikes.Currency intervention using Japan's foreign exchange reserves can deliver an immediate jolt to markets, but its impact would be more durable if accompanied by steady rate hikes, a former top currency diplomat told Reuters.

Singapore budget may be less generous amid resilient growth.Singapore is expected to unveil a fiscally conservative budget next week, focusing on balancing robust growth with longer-term fiscal discipline after elevated support for households in 2025.