Reminder: It is a long weekend in the USWeekly update on interest rate expectationsBOE's Bailey: We still see gradual disinflation going onEurozone December trade balance €15.5 billion vs €16.4 billion priorSNB total sight deposits w.e. 14 February CHF 432.5 bn vs CHF 438.1 bn priorOPEC+ reportedly mulling pushing back oil supply increases that are due in AprilRussia's Novak denies talk about delaying return of OPEC+ supplyChina's NPC standing committee to hold 14th meeting session next week
Markets:
JPY leads, CHF lags on the dayEuropean equities mostly higherGold up 0.4% to $2,896.14WTI crude flat at $70.50Bitcoin up 0.2% to $96,357Both the stock market and bond market are closed, allowing for a bit of a breather before the next barrage of Trump headlines hit.
USD/JPY was down to around 151.60-70 levels in Asia, before creeping a little more to 151.45 now - down 0.6% on the day.
Elsewhere, oil rocked a bit on some headlines with a Bloomberg report initially saying that OPEC+ might delay the restart of their supply in April. That saw prices nudge up to $71.10 before falling back as Russia's Novak denied the report. WTI crude is now settling near flat levels on the day around $70.50.
A breather in the gold rally shifts the focus back to the near-term chart
This article was written by Justin Low at www.forexlive.com. Read More Details
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