Forexlive Americas FX news wrap 14 Feb: Retail sales show consumer weakness to start year ...Middle East

S&P misses on a record close. Nasdaq closes higherKey economic releases scheduled for next week's trading.Fed Logan (voting in 26): Next couple of months of inflation will be pretty importantTrump: Working on pipeline held up by New York to bring down energy pricesTSMC is receptive to Intel factory dealBaker Hughes rig count little changed in the current weekUkraine's Zelenskiy: Ready to move as fast as possilbe toward real peaceDell near deal to sell $5 billion in AI servers to Musk xAIUkraine's Zelenskiy: Its the first meeting, not the lastEuropean indices close mixed on the day. German DAX comes off its record close yesterday.BOC senior loan officer survey for Q4: -1.89% versus +1.71% priorThe Atlanta Fed GDPNow growth estimate for Q1 lower to 2.3% from 2.9% lastMeta planning on major advancement in AI powered humanoid robotsUS business inventories for December -0.2% versus 0.0% estimateGeopolitical comments: China's Yi says that tariffs produce no winnersUS industrial production for January 0.5% versus 0.3% estimateCanadian consumer spending struggled in January - RBCUS import prices for January 0.3% versus 0.4% est . Export prices +1.3% versus 0.3% est.US retail sales for January. -0.9% versus -0.1% est. Control group -0.8% versus 0.3% est.Canada manufacturing sales for December 0.3% vs 0.7% expectedKickstart the NA session with at technical look at the EURUSD, USDJPY and GBPUSDForexLive European FX news wrap: A breather before US retail sales, more Trump headlines

Other economic data showed mixed resilience—industrial production rose 0.5% (vs. 0.3% expected), and capacity utilization edged up to 77.8% (vs. 77.7% expected). However, business inventories declined by -0.2% (vs. 0.0% expected), signaling potential weakness in supply chain demand.

Both the Reserve Bank of Australia (RBA) and Reserve Bank of New Zealand (RBNZ) expected to announce interest-rate cuts when they meet on Tuesday and Wednesday respectively. The RBA is expected to cut rates by 25 basis points to 4.10% (86% probability), while the RBNZ has a 68% probability of a 50 basis point cut and a 32% chance of a 25 basis point cut from the current 4.25% level.

Looking at the other currencies vs the USD for the week:

EURUSD rose 1.62% (lower USD)GBPUSD rose 1.58% (lower USD)USDJPY rose 0.61% (higher USD)USDCHF fell -1.05% (lower USD)USDCAD fell -0.81% (lower USD).

2 year yield 4.263%, -4.8 basis point5-year yield 4.331%, -5.5 basis points10-year yield 4.478%, -4.7 basis points30-year yield 4.703%, -2.3 basis points

For the week, yields were mixed with the two year down while the thirty-year rose modestly. The debt market did have to maneuver through higher-than-expected CPI and PPI data and a 10 and 30 year coupon auctions which were met with below average demand.

2 year yield, -4.1 basis points5 year yield, -1.6 basis points10-year yield, -1.5 basis points30-year yield, +0.8 basis points

Dow rose 0.55%S&P rose 1.47%Nasdaq rose 2.58%

Worth mentioning is that Meta shares closed higher for the 20th consecutive day today.

Looking at other markets as the week came to a close:

Crude oil fill -0.79% or -1.12% at $70.49. For the week the price fell -0.68%. Silver fell $-0.19 or -0.60% to $32.13. For the week the price rose 1.489%Gold tumbled $45.09 for -1.54% to $2882.21 in trading today. For the week the price rose 0.77%, and traded to a record intraday level of $2942.71Bitcoin (which never closes) rose $900 today to $97,500. For the trading week, the high price reached $98,871 while the low price was at $94,091 This article was written by Greg Michalowski at www.forexlive.com.

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