USD: Potential for retracement – BBH

The report from Brown Brothers Harriman (BBH) indicates that the USD is trading firmly against most major currencies, with Treasury yields ticking up. In the near term, the USD has room to retrace some of its recent losses as the Fed is not in a rush to ease policy.

EUR: Softens ahead of ECB policy decision – Scotiabank

The EUR is slightly down against the USD, showing signs of consolidation as it approaches the ECB's policy decision. Recent economic data, including services PMI and CPI, have aligned with expectations, providing little impetus for ECB policymakers.

ECB can continue to stand still – Nordea

Inflation in the Euro-area has decreased to 1.7% y/y in January, while core inflation remains stable at 2.2%. ECB is expected to maintain its current policy stance due to the calm inflation outlook, despite some uncertainty from volatile energy prices.

USD/CHF trades flat as US labor data disappoints, SNB remains vigilant

USD/CHF trades without a clear trend around 0.7750 on Wednesday at the time of writing, showing an almost unchanged performance on the day. The pair remains trapped in a narrow range as the US Dollar (USD) struggles to find a clear catalyst following the release of mixed US macroeconomic data.

S&P500: Market resilience continues – Deutsche Bank

Deutsche Bank Research Team highlights a recurring market pattern in 2026 characterized by sharp sell-offs followed by rapid recoveries. Despite various causes for these sell-offs, they have not resulted in lasting damage, with the S&P 500 showing resilience.