USD/BRL: Markets weigh Selic path and inflows – Societe Generale

Societe Generale’s LatAm strategists describe money markets pricing a 50 bp Selic cut in March, while their economist Dev Ashish expects a smaller 25 bp move as the BCB remains cautious on inflation.

EU–India trade: Long-run opportunity for Euro area – Danske Bank

Danske Bank analysts highlight the newly finalised EU–India trade agreement, which will remove tariffs on over 90% of traded goods within seven years. India currently represents just 1.5% of Euro area exports but is projected to grow around 6.5% annually to 2030.

Forex Today: US Dollar stabilizes ahead of US NFP

United States (US) ADP reported that, on average, the private sector added 6.5K new jobs in the four weeks ending January 24, up from 5K in the previous week. Other than that, Retail Sales remained unchanged in December, below expectations for a 0.4% increase and below November’s 0.6% advance.

US: Trade rhetoric seen as market noise – UBS

UBS’s Paul Donovan comments on US President Trump’s social media attacks on Canada, including threats to block a US-Canada bridge and link a Canada-China trade deal to ice hockey in Canada.

Gold dips but holds $5,000 as US Dollar recovers on soft data

Gold price turns negative during Tuesday’s session, even though worse than expected data in the US pushed investors to trim US Dollar shorts, pushing the yellow metal lower, but remaining above the $5,000 threshold. At the time of writing, XAU/USD trades with losses of 0.72% at $5,022.