US inflation fell to 2.5% in January; core PCE rose 2.6%. USD strengthened against NZD by 2.46%.
US trade deficit hit $153.26 billion in January as imports surged amid tariff concerns, marking a record high.
Gold’s price drops 3% to $2,860 after tariffs; June rate cut odds rise to 71.8%.
Canada’s Q4 2024 GDP grew 2.6%, driven by household spending, exports, and investment, with wages rising moderately.
US trade deficit widens, EUR/USD stabilises, gold drops, GBP/USD holds gains; focus shifts to payrolls, ECB meeting.
US core PCE rose 2.6% annually, personal income increased 0.9%, while real personal spending declined 0.5%.
US wholesale inventories rose 0.7%, EUR/USD stabilised, gold dropped, and key economic events await.
The PCE report will reveal inflation trends, influencing Federal Reserve rate decisions, while Canada’s GDP growth is analyzed.
Canada’s GDP grew 2.6%, USD mixed, gold dipped, and GBP/USD remained resilient ahead of key events.
Traders await US PCE data; USDJPY rises, EURUSD declines, GBPUSD gains. Dow, S&P up; Nasdaq unchanged.
Insights 
VT 
