BUZZ-COMMENT-Conflicting month-end FX rebalancing signals

Jan 29 (Reuters) - From a relative equity performance versus a seasonal perspective, month-end FX rebalancing signals are in conflict this month, according to Deutsche bank's model.

Rebalancing flows on the back of relative equity performance suggests mild USD buying versus the euro and Scandinavian currencies, while seasonality points toward broad USD selling - most notably on month end itself and the first trading day in Feb.

Deutsche Bank are keen to point out that there are more influential factors in play this week. DeepSeek's claim has called into question the valuations of big US tech and is weighing heavily on Nasdaq futures. That makes earnings reports from Microsoft, Meta, ASML and Apple on Wednesday and Thursday much more interesting. There are also central bank meetings from the Bank of Canada and U.S. Federal Reserve on Wednesday and the European Central Bank on Thursday.

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