Posted at 12 February 2026 / Categories Market Roundups
Market Roundup
•Japan PPI (MoM) (Jan)0.2%,0.2%forecast,0.1% previous
•Japan PPI (YoY) (Jan)2.3%,2.3% forecast,2.4% previous
•Australia MI Inflation Expectations (Feb) 5.0%, 4.6% previous
Looking Ahead Economic Data (GMT)
•10:00 Greek HICP (YoY) (Jan)2.9% previous
•10:00 Greek CPI (YoY) (Jan)2.6% previous
Looking Ahead Events And Other Releases (GMT)
•12:30 ECB's Schnabel Speaks
Currency Summaries
EUR/USD : The euro slipped as the U.S. dollar strengthened following a stronger-than-expected U.S. jobs report, which reduced near-term rate cut expectations ahead of Friday’s inflation data. Wednesday’s data showed job growth accelerated unexpectedly in January while the unemployment rate eased slightly, signaling a stable labor market that may lead the Federal Reserve to keep rates unchanged in the near term. Market expectations for a 25-basis-point Fed cut in March had risen to around 20% before the jobs report but fell to about 5% afterward, according to CME’s FedWatch Tool. Traders are still pricing at least two rate cuts this year. Immediate resistance can be seen at 1.1872(38.2%fib), an upside break can trigger rise towards 1.1974(Jan 30th high).On the downside, immediate support is seen at 1.1783(SMA 20), a break below could take the pair towards 1.1724(50%fib).
GBP/USD: Sterling edged lower against dollar on Thursday after data showed UK economy grew less than forecast in the fourth quarter .The UK economy’s GDP grew by 0.1% between October and December 2025, according to the latest Office for National Statistics (ONS) data.Chancellor Rachel Reeves has prioritized economic growth since Labour returned to power in July 2024 but has faced criticism over her policy decisions.Earlier ONS figures showed a 0.1% contraction in October followed by a 0.3% expansion in November, supported by a rebound in manufacturing at Jaguar Land Rover after a major cyber attack.By sector, services were flat (0.0%), production rose 1.2%, and construction fell 2.1%.. Immediate resistance can be seen at 1.3663(38.2%fib), an upside break can trigger rise towards 1.3733(Feb 4th high).On the downside, immediate support is seen at 1.3583 (SMA 20), a break below could take the pair towards 1.3512(50%fib).
AUD/USD: The Australian dollar steadied near three-year peak on Thursday after the Reserve Bank of Australia (RBA) signalled a continued hawkish stance. Australia’s central bank governor said on Thursday that further rate hikes remain possible if inflation becomes persistent, after delivering its first increase in two years last week. Reserve Bank of Australia Governor Michele Bullock said it is not yet clear whether more rate hikes will be needed to curb inflation, adding that policymakers will closely monitor incoming data.The Reserve Bank of Australia lifted its cash rate by 25 basis points to 3.85% last week, partially unwinding last year’s easing. Core inflation rose to 3.4% in the previous quarter the quickest pace in more than a year and is projected by the RBA to climb to 3.7% in 2026.Markets now imply about an 80% chance the RBA will hike the 3.85% cash rate at its May board meeting, and a 60% probability rates could end the year at 4.35%... Immediate resistance can be seen at 0.7126(23.6%fib), an upside break can trigger rise towards 0.7202(Higher BB).On the downside, immediate support is seen at 0.7068(Daily low), a break below could take the pair towards 0.6700(Psychological level)
USD/JPY: The U.S. dollar slipped lower on Thursday as yen firmed after officials kept up their warnings on potential currency market intervention.Japan has not eased its vigilance over exchange-rate movements, its top currency diplomat Atsushi Mimura said on Thursday, issuing a fresh warning against currency volatility after the yen surged against the dollar.The yen has surged nearly 3% since Prime Minister Sanae Takaichi's election victory on Sunday as investors believe her sweeping mandate could pave the way for fiscal discipline as it eliminates the need for negotiations with opposition parties.A weak yen has posed a challenge for Japanese policymakers as it pushes up import costs and broader inflation.On the data front, Japan's annual wholesale inflation slowed for a second consecutive month in January but yen-based import costs rose, highlighting the impact of a weak yen on prices and monetary policy. Immediate resistance can be seen at 153.65(50%fib) an upside break can trigger rise towards 154.00(Psychological level) .On the downside, immediate support is seen at 151.89 (Lower BB) a break below could take the pair towards 151.29 (Lower BB).
Equities Recap
Asian stocks climbed to a record high on Thursday, while the dollar gained slightly against most currencies except the yen, as stronger-than-expected U.S. jobs data reduced expectations for near-term rate cuts ahead of Friday’s inflation report.
Hang Sang was down 1.08%, Japan’s Nikkei 225 was up by 0.14% ,South Korea’s KOSPI was up at 3.13 %
Commodities Recap
Gold prices fell on Thursday as the U.S. dollar strengthened following stronger-than-expected January jobs data, which reduced expectations for near-term rate cuts, while investors awaited Friday’s inflation report for further policy signals.
Spot gold edged 0.3% lower to $5,063.11 per ounce by 0453 GMT. It closed Wednesday with a more than 1% gain.
U.S. gold futures for April delivery lost 0.3% to $5,083.90 per ounce.
Oil prices edged up on Thursday morning as investors worried about escalating tensions between the U.S. and Iran, on fears that any attacks on Tehran or shipping could lead to supply disruptions.
Brent crude oil futures were up 27 cents, or 0.39%, at $69.67 a barrel at 0350 GMT. U.S. West Texas Intermediate crude rose 29 cents, or 0.45%, to $64.92.