Monthly Archives: February 2026
Eurozone construction output rose 0.9% in December, recovering from a 1.1% fall in November
Written on February 19, 2026 at 2:11 pm, by davin
Eurozone construction rebounded 0.9% in December, but markets have moved on. With hotter inflation and weak PMIs, expect choppy trading—seek volatility plays and hedge cyclicals. – vtmarketsmy.com
ING’s Warren Patterson and Ewa Manthey say Brent rises amid Iran tensions and Gulf supply risks
Written on February 19, 2026 at 2:11 pm, by davin
Oil prices spiked on fears of US action against Iran disrupting Strait of Hormuz flows. Brent topped $70, neared $75. Backwardation signals tight supply; sanctions further squeeze accessible barrels. – vtmarketsmy.com
Spain’s five-year bond auction yield rose to 2.577% from 2.512% in the previous auction (market update)
Written on February 19, 2026 at 2:11 pm, by davin
Spain’s 5-year bond yield jumped to 2.577%, signaling rising Eurozone rates as inflation heats up. Expect bond volatility, equity pressure, and euro support; consider Bund shorts, IBEX hedges, and spread trades. – vtmarketsmy.com
Spain’s 10-year Obligaciones auction yield falls to 3.167% from 3.223%
Written on February 19, 2026 at 2:10 pm, by davin
Spain’s 10-year bond yield fell to 3.167% from 3.223%, signaling stronger demand. Cooling inflation and tighter CDS spreads suggest ECB rates peaked, supporting bullish bonds, Spanish equities, and trades. – vtmarketsmy.com
Under current rules, Schleich and Currie say the Fed has little room to further shrink its $6.5tn balance sheet
Written on February 19, 2026 at 1:11 pm, by davin
Fed’s $6.5T balance sheet may be stuck: reserves and Treasury cash needs limit further shrinking without deregulation. QT likely stays paused, volatility may stay low, and T-bill reinvestment could steepen yields. – vtmarketsmy.com
During European hours, XAG/USD holds above the 50-day EMA near $79.20 after two straight sessions of gains
Written on February 19, 2026 at 1:11 pm, by davin
Silver is coiling near $79 between key moving averages, hinting at a volatility breakout. Above $79.26 targets $121.66; below $78.95 risks $64.08. Options strategies may benefit. – vtmarketsmy.com
Forecasts were exceeded as the Eurozone’s seasonally adjusted current account hit €14.6B in December
Written on February 19, 2026 at 1:11 pm, by davin
Eurozone data surprised up: December current account surplus hit €14.6bn vs €9.2bn forecast, January PMI rose to 51.2, and core inflation stayed 2.6%—fueling bullish EUR, Euro Stoxx 50, and less dovish ECB bets. – vtmarketsmy.com
The eurozone’s non-seasonally adjusted current account rose to €34.6B in December, up from €12.6B previously.
Written on February 19, 2026 at 1:10 pm, by davin
Eurozone current account surplus surged to €34.6B in December from €12.6B—fueling a bullish euro case. Falling energy costs and strong exports could lift EUR/USD, European stocks, and rate-hike bets. – vtmarketsmy.com
Markets closely monitor geopolitics as the US dollar steadies, holding on to earlier weekly gains
Written on February 19, 2026 at 12:11 pm, by davin
Hawkish Fed minutes lifted the dollar and rattled markets. Iran strike risks boosted gold, while jobs data stayed strong. Traders watch key releases, intervention risk, and cross-currency opportunities. – vtmarketsmy.com
Bank Indonesia keeps policy rate unchanged at 4.75%, in line with market expectations
Written on February 19, 2026 at 12:11 pm, by davin
No surprise from Bank Indonesia: rates stay at 4.75%. Inflation is tame (2.9%) and GDP strong (5.1%), calming rupiah volatility and keeping USD/IDR range-bound near 15,850—until global shocks hit. – vtmarketsmy.com
