Partridge

🔻 Asia in the Red: Asian markets slid on Tuesday, with tech stocks leading losses ahead of Nvidia’s earnings 🖥️📉. 🇯🇵 Nikkei was the worst hit, plunging 1.23%, while 🇭🇰 Hang Seng fell 1% as Chinese markets dropped 0.5-0.9%. 🇰🇷 KOSPI held up better, slipping just 0.49% after a BOK rate cut 📉

Mexican Peso appreciates, shrugging off dovish Banxico stance, weaker economic outlook. Mexico’s December Retail Sales exceed estimates but slow from prior month. Banxico minutes reaffirm dovish stance, highlighting progress on disinflation. Q4 GDP final reading expected to confirm economic slowdown

The recent decline in yields has undergone a bit of a reverse this week after hotter than expected wages and inflation data from the UK and comments from ECB governing Council member Sabine Lautenschlager that the central bank may look at a pause in its rate cutting cycle. This rebound in yields app

The Pound Sterling (GBP) is a relatively weak performer on the session vs US Dollar (USD), down a little more than 0.2% on the generally strong USD, Scotiabank's Chief FX Strategist Shaun Osborne notes. GBP struggles to hold gains despite strong wage, jobs data "UK data showed stronger-than-expected

USD/CHF softens to around 0.9110 in Thursday’s early European session. The US CPI inflation came in hotter than expected in January. The rising Middle East geopolitical tensions could boost the safe-haven flows, supporting the Swiss Franc. The USD/CHF pair weakens to near 0.9110, snapping the fifth-