February 18, 2025 at 12:32PM
Kremlin’s Aide Ushakov: Russia – US negotiations went well – IFA
ECB’s Holzmann: Services and Core inflation are concerns
Germany February ZEW survey current conditions -88.5 vs -90.0 expected
BOE’s Bailey: We are in a period of heightened uncertainty
Don’t expect any breakthroughs from US-Russia talks today
US-Russia talks get underway in Riyadh
France January final HICP +1.8% vs +1.8% y/y prelim
What are the main events for today?
BOJ governor Ueda: We are aware of views we had not been clear enough on policy guidance
UK December ILO unemployment rate 4.4% vs 4.5% expected
Russia dubs Trump as a problem solver ahead of peace talks in Riyadh
RBA governor Bullock: We still think policy is in restrictive territory
RBA’s Bullock: If we thought we needed to raise rates further previously, we would’ve
RBA governor Bullock: We cannot declare victory on inflation yet
FX option expiries for 18 February 10am New York cut
It’s been a relatively calm session with limited newsflow and data release. The main highlight was the UK Employment report and the US-Russia talks in Saudi Arabia.
The UK data beat expectations across the board keeping the BoE in an uncomfortable position amid strong wage growth and high inflation.
The US-Russia talks have ended in a meeting that lasted 4.5 hours. It’s been reported that the talks have went well. It was also reported that the Trump-Putin meeting that was expected for next week won’t take place but the conditions for the meeting were discussed.
The focus now switches to the Canadian CPI report. The Canadian CPI
Y/Y is expected at 1.9% vs. 1.8% prior, while the M/M reading is seen at 0.1%
vs. -0.4% prior. The Trimmed-Mean CPI Y/Y is expected at 2.6% vs. 2.5% prior,
while the Median CPI Y/Y is seen at 2.5% vs. 2.4% prior.
This article was written by Giuseppe Dellamotta at www.forexlive.com.
