Kremlin's Aide Ushakov: Russia - US negotiations went well - IFA
ECB's Holzmann: Services and Core inflation are concernsGermany February ZEW survey current conditions -88.5 vs -90.0 expectedBOE's Bailey: We are in a period of heightened uncertaintyDon't expect any breakthroughs from US-Russia talks todayUS-Russia talks get underway in RiyadhFrance January final HICP +1.8% vs +1.8% y/y prelimWhat are the main events for today?BOJ governor Ueda: We are aware of views we had not been clear enough on policy guidanceUK December ILO unemployment rate 4.4% vs 4.5% expectedRussia dubs Trump as a problem solver ahead of peace talks in RiyadhRBA governor Bullock: We still think policy is in restrictive territoryRBA's Bullock: If we thought we needed to raise rates further previously, we would'veRBA governor Bullock: We cannot declare victory on inflation yetFX option expiries for 18 February 10am New York cutIt's been a relatively calm session with limited newsflow and data release. The main highlight was the UK Employment report and the US-Russia talks in Saudi Arabia.
The UK data beat expectations across the board keeping the BoE in an uncomfortable position amid strong wage growth and high inflation.
The US-Russia talks have ended in a meeting that lasted 4.5 hours. It's been reported that the talks have went well. It was also reported that the Trump-Putin meeting that was expected for next week won't take place but the conditions for the meeting were discussed.
The focus now switches to the Canadian CPI report. The Canadian CPI Y/Y is expected at 1.9% vs. 1.8% prior, while the M/M reading is seen at 0.1% vs. -0.4% prior. The Trimmed-Mean CPI Y/Y is expected at 2.6% vs. 2.5% prior, while the Median CPI Y/Y is seen at 2.5% vs. 2.4% prior.
This article was written by Giuseppe Dellamotta at www.forexlive.com. Read More Details
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