TD Securities anticipates a landslide victory for the LDP in Japan's upcoming Lower House election, which is expected to restore a stable political environment. The report warns that investors should be cautious of potential FX intervention if USD/JPY breaks above 160.

The Euro (EUR) ticks up against the US Dollar (USD) on Friday, trading near 1.1800 at the time of writing after hitting fresh two-week lows of 1.1765 earlier on the day.

Silver has experienced a sharp decline, entering a critical USD 70–80 retracement zone. OCBC Group Research analysts Sim Moh Siong and Christopher Wong note that despite this correction, silver remains sensitive to USD movements and policy uncertainties.

The US Dollar (USD) remains firm on Friday, with the Yen (JPY) showing the weakest performance of the major currencies for the second consecutive week.

Commerzbank’s commodity team, led by Barbara Lambrecht, notes that Oil volatility has risen as markets watch US–Iran talks and updated forecasts from the IEA, EIA and OPEC.

Mexico Consumer Confidence s.a fell from previous 44.7 to 44 in January

Mexico Consumer Confidence dipped from previous 44.8 to 44.3 in January

The Pound Sterling (GBP) regains ground against its major currency peers on Friday after a sharp fall the previous day, which was driven by the Bank of England’s (BoE) signal that there is a high chance of an interest-rate cut in the near term.

The United States (US) preliminary University of Michigan (UoM) Consumer Sentiment Index and Inflation Expectations data for February is scheduled to be published today at 15:00 GMT.

Gold (XAU/USD) is trimming some losses on Friday, trading near $4,880 at the time of writing, after bounding from lows at $4.655 during the Asian session.

Brown Brothers Harriman (BBH) analysts note GBP/USD has recovered part of its prior drop after a dovish Bank of England hold and heightened UK political uncertainty. The BOE kept rates at 3.75% but lowered the bar for further easing by tweaking guidance and cutting inflation forecasts.

India Bank Loan Growth down to 13.1% in January 19 from previous 14.5%

India FX Reserves, USD up to $723.77B in January 26 from previous $709.41B

European Central Bank (ECB) Governing Council (GC) member Martin Kocher delivered remarks on the Euro (EUR) rate in an event organized by the Club of Economic Journalists in Vienna, Austria.

The USD/CAD pair trades 0.17% lower to near 1.3690 during the European trading hours on Friday.

Societe Generale analysts note USD/CAD has slipped below its ascending trend line from December 2023 and rebounded from 1.3480, but the 200‑DMA near 1.3830 is seen as a key short‑term resistance.

The Euro (EUR) has resumed its immediate bullish trend against the Japanese Yen (JPY) on Friday. The pair is trading at 185.25 at the time of writing, up from session lows at 184.40, with the JPY losing ground against its main peers ahead of this weekend’s snap elections.

There have been remarks from several European Central Bank (ECB) officials during the European trading session on Friday regarding the current state and outlook on inflation and interest rates.

Rabobank's Teeuwe Mevissen discusses the European Central Bank's recent decision to maintain interest rates unchanged at 2% for the fifth consecutive meeting.

The Indian Rupee (INR) falls sharply against the US Dollar (USD) during afternoon trading hours in India on Friday. The USD/INR pair recovers to near 90.85, even as the Reserve Bank of India’s (RBI) monetary policy announcement has held the Repo Rate unchanged at 5.25%, as expected.

MUFG’s Lee Hardman notes that the Japanese Yen remains weak against the Dollar ahead of Japan’s Lower House election, with short JPY positions yet to see the broad liquidation seen in other trades.

Silver (XAG/USD) is trimming some losses during Friday’s early European session, trading right above $74.00 at the time of writing, after hitting fresh seven-month lows near $64.00 earlier on the day. The pair, however, remains capped below a previous support area, in the vicinity of $75.00.

Silver prices (XAG/USD) fell on Friday, according to FXStreet data. Silver trades at $73.54 per troy ounce, down 0.14% from the $73.64 it cost on Thursday.

The European Central Bank (ECB) has decided to keep interest rates unchanged for the fifth consecutive meeting, following significant cuts in previous months.

ING's Chris Turner discusses the Bank of England's recent dovish stance, which was unexpected and has shifted market expectations towards potential rate cuts.

Gold (XAU/USD) sticks to an intraday positive bias through the first half of the European session on Friday, though it remains below the $4,900 mark amid mixed cues.

The Euro (EUR) failed to hold above 0.8700 against the British Pound (GBP) on Friday and pulled back to session lows near 0.8685 in the early European session. The pair, however, remains on track to close its first positive week in two months, fuelled by the ECB-BoE policy divergence.

The report by Nordea, authored by Jan von Gerich, discusses the recent rebound of the USD against the EUR and JPY. Despite the rebound, the report maintains a bearish outlook for the USD in the long term as investors seek alternatives.

Switzerland Foreign Currency Reserves dipped from previous 725B to 712B in January

Switzerland Unemployment Rate s.a (MoM) fell from previous 3% to 2.9% in January