AUD/CHF was the top trade
The Australian dollar led the way last week entirely due to a strong rally on Friday as it climbed 1% against the US dollar.
The commodity currencies struggled to gain traction for most of the week even with equities and commodities climbing. That finally flipped on Friday as they all made decent

Forex news for North American trading on February 5, 2021
It was unemployment day in the US and Canada, and both reports came in weaker than expectations:

NASDAQ index leads the way
The major US stock indices are ending a solid week with gains across the board.  Of the big 3 indices, the NASDAQ led the way. However, the Russell 2000 have the largest gains at 1.27%.  

Weekly forex futures positioning data from the CFTC for the week ending Tuesday, February 2, 2021
– EUR long 137K vs 163K long last week. Longs trimmed by 26K

US CPI Wednesday. Fed chair Powell speaks in New York
On Monday.
On Tuesday,
On Wednesday, 
On Thursday, 
On Friday,
the US treasury will auction off 10 year and 30 year bonds on Wednesday and Thursday

IMF Georgieva speaking

The Senate passes the final passage of the resolution
For some context, the resolution here would clear the path for Biden’s stimulus plan to pass if there is only a simple majority instead of going with the 60-vote threshold for most legislation to be passed in the chamber.

Equities keep slightly higher on the session so far
The market is settling down a little with risk sentiment holding slightly firmer as we navigate through European morning trade so far.

No further postponement
One to mark on the calendars as politics will come back into the picture in the months ahead for the pound. The campaigning process will be difficult though and depending on the virus situation, it could also affect voter turnout but we’ll see.

Comments by German health minister, Jens Spahn
– We have the means to beat the virus during this year
– All three vaccines (Pfizer, AstraZeneca, Moderna) appear equally effective
The appears to be moderating at a gradual pace but amid concerns of the more contagious virus variant spreading, tighter restrictions may yet stay in place through to