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Monday, February 3, 2025

European Markets Wrap-Up | Trump tariffs to send Canada and Mexico into recession?

Trump tariffs to send Canada and Mexico into recession?

The firm says their model estimates that if Trump's tariffs are to be sustained, the impact will be large enough to throw the Canadian and Mexican economy into recession. That's the pain trade that is... 

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Italy January preliminary CPI +1.5% vs +1.3% y/y prior

HICP Y/Y +1.7% vs 1.4% y/y prior In January 2025, core inflation (excluding energy and unprocessed food) was stable at +1.8% and inflation excluding energy was +1.8% (from +1.7%). As for Goods, the... 

Eurozone January preliminary CPI +2.5% vs +2.4% y/y expected

Prior +2.4% Core CPI +2.7% vs +2.6% y/y expected Prior +2.7% The headline reading accelerated slightly in part due to energy prices. But the core reading remains unchanged to December, so there's not... 

UK January final manufacturing PMI 48.3 vs 48.2 prelim

Prior was 47.0 Key Findings: Output, new orders and employment all contract further Input price inflation hits two-year high Comment : Rob Dobson, Director at S&P Global Market Intelligence: "The... 

USDJPY Technical Analysis – Trump's tariffs rattle markets

Fundamental Overview The USD is once again higher across the board as Trump followed through with his threats and imposed tariffs on Canada, Mexico and China on Saturday. We saw also other markets lik... 

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Latest Forex Orders

FX option expiries for 3 February 10am New York cut

It's one of those days where the expiries board may not factor in too much. And even more so with a lack of significant expiries nearby the opening gap levels for dollar pairs. It's all about emotions... 

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