The Day Ahead - potentially elevated volatilityEURO VS US DOLLARTRADENATION:EURUSDTradeNationTuesday’s session is packed with sentiment data, housing indicators, central bank speakers, major earnings, and a Treasury auction — all of which could influence cross-asset volatility. In the US, the February Conference Board consumer confidence index will be the headline macro release, alongside regional activity indicators including the Richmond Fed manufacturing index, Dallas Fed services activity, and the Philadelphia Fed non-manufacturing survey. Housing data is also in focus with the December FHFA house price index, Q4 house price purchase index, and wholesale trade sales. Together, these releases will help shape expectations around growth momentum and the resilience of the US consumer. From China, the January 1-year and 5-year Loan Prime Rates will be watched for any policy adjustment signals, while France’s February business confidence reading and EU27 January new car registrations provide additional insight into European demand conditions. Central bank commentary will be heavy, with multiple Federal Reserve officials — including Goolsbee, Collins, Bostic, Waller, Cook and Barkin — scheduled to speak. Markets will be listening for guidance on the rate path following recent strong labor data. ECB board member Kocher is also due to speak. Earnings are a major focus, with results from Home Depot, Constellation Energy, MercadoLibre, American Tower, Standard Chartered, NRG Energy, Workday, Axon Enterprise, Fidelity National Information, MTU Aero Engines, First Solar, Telefonica, Amer Sports, CoStar, and HP. Given the breadth across retail, tech, energy, financials, and industrials, company guidance may have sector-specific spillovers. In fixed income, the US Treasury auctions 2-year Notes, which will be closely watched for demand metrics and yield direction amid shifting rate expectations. Finally, political risk is in focus with US President Trump delivering his State of the Union address, which could move markets if fiscal, trade, or regulatory policy signals emerge. Conclusion: With consumer confidence, heavy Fed speak, a key Treasury auction, and a dense earnings slate all landing in one session, markets are set for potentially elevated volatility, particularly in rates and sector-specific equities. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.