AUD and CAD outperform USD amid hawkish RBA, higher yields; energy-driven inflation supports, but risk-off threatens.
US futures slid pre-open; YM, ES, NQ below value with overhead POCs; bounce-reclaim or breakdown risk.
Dollar gained as investors sought safety, unwound shorts, and energy price volatility favoured net energy exporters.
Brazil’s GDP grew 0.1% in fourth quarter, matching forecasts and signaling sluggish economic momentum late in year.
Brazil’s GDP rose 1.8% year-on-year in the fourth quarter, matching expectations, with no additional data provided.
Gold surged above $5,400 before retreating as inflation fears, rising oil, and delayed rate-cut hopes boosted dollar.
EUR/USD slid to 1.1585 as risk-off flows and firmer US rate expectations boosted the dollar.
Markets now doubt a March BoE cut; Middle East risks persist, but UK inflation data supports one cut.
Gold slid 2.5% to $5,180 as Middle East tensions rose and Fed easing expectations weakened.
Euro zone inflation held near ECB target, but Middle East conflict risks prolonged energy shock and repriced rates.
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