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EUR/USD holds steady near 1.0500 ahead of Eurozone PMI release
EUR/USD flat lines around 1.0500 in Thursday’s late American session.
US Initial Jobless Claims rose last week.
Trump’s tariff threats and the ECB’s dovish stance might drag the Euro lower.
Fri, Feb 21
Bitcoin Price Forecast: BTC consolidation continues as market prepares for the next major move
If BTC breaks and closes below the lower boundary of the consolidating range of $94,000, it could extend the decline to test its psychologically important level of $90,000.
Thu, Feb 20
Silver Price Forecast: XAG/USD rallies to near $33.20 amid geopolitical and trade worries
Silver price (XAG/USD) surges almost 1.5% to near $33.20 in European trading hours on Thursday.
Thu, Feb 20
Sui Price Forecast: SUI technical outlook hints at a possible double-bottom formation
Sui (SUI) price action hints at a double-bottom technical formation, which tends to be followed by a bullish move.
Thu, Feb 20
GBP to remain bullish near term – Danske Bank
EUR/GBP broke firmly below the 0.83 mark during yesterday's session amid higher-than-expected inflation, Danske Bank's FX analyst Mohamad Al-Saraf reports.
Thu, Feb 20
Gold hits new record-high, USD struggles to find direction
While major currency pairs are having a tough time making a decisive move in either direction, Gold extends its uptrend to a new record-high on Thursday. The US economic calendar will feature the weekly Initial Jobless Claims report and the European Commission will publish the preliminary Consumer C
Thu, Feb 20
RBNZ’s Hawkesby: New Zealand’s economy is well-placed to respond to trade shocks
Reserve Bank of New Zealand (RBNZ) Deputy Governor Christian Hawkesby said in an interview on Thursday that “New Zealand is well-placed to respond to trade shocks.”
Market reaction
NZD/USD holds higher ground near 0.5720 following these above comments, up 0.26% on the day.
Thu, Feb 20
Gold price trades with positive bias near record high on Trump’s tariff threats
Gold price (XAU/USD) attracts fresh buyers during the Asian session on Thursday and remains close to the record high touched the previous day.
Thu, Feb 20
EUR/USD Price Forecast: First upside barrier emerges above 1.0450
The EUR/USD pair recovers some lost ground to near 1.0425 during the early European trading hours on Thursday.
Thu, Feb 20
WTI retreats further from one-week top set on Wednesday, slides to $71.70 area
West Texas Intermediate (WTI) US Crude Oil prices extend the overnight pullback from the vicinity of the $73.00 mark, or a one-week top, and drift lower during the Asian session on Thursday.
Thu, Feb 20
Australian Dollar depreciates following employment data, China’s policy decision
The Australian Dollar depreciates due to the latest Trump tariffs and cautious FOMC Minutes.
Australia’s Unemployment Rate increased to 4.1% in January from 4.0% in December, as expected.
President Trump has confirmed plans to impose a 25% tariff on imports of automobiles, semiconductors, and pharma
Thu, Feb 20
PBOC sets USD/CNY reference rate at 7.1712 vs. 7.1705 previous
On Thursday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1712 as compared to the previous day's fix of 7.1705 and 7.2856 Reuters estimates.
Thu, Feb 20
AUD/USD holds below 0.6350 ahead of Australian employment data
The AUD/USD pair extends its decline to around 0.6340 during the early Asian session on Thursday. Fresh US President Donald Trump tariff threats continue to underpin the US Dollar (USD) and weigh on the pair.
Thu, Feb 20
US Dollar edges higher while markets assess Trump’s latest comments on Ukraine and tariffs
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, edges slightly higher on Wednesday and recovers above the 107.00 level on Wednesday, with traders seeing the DXY well positioned amidst all tariff and geopolitical headlines.
Wed, Feb 19
Bitcoin Price Forecast: BTC volatility hits multi-month lows, raising concerns of liquidation cascades
Bitcoin (BTC) price has been consolidating between $94,000 and $100,000 for two weeks.
Wed, Feb 19
EUR/JPY falls to near 158.50 due to hawkish tone surrounding BoJ’s policy outlook
EUR/JPY depreciates as expectations grow that the BoJ will raise interest rates to tackle persistent inflation.
Japan’s trade deficit increased to JPY 2,758.78 billion in January as annual imports surged to a 26-month high.
The Euro remains subdued due to rising odds of more ECB’s interest rate cuts
Wed, Feb 19
EUR/USD holds positive ground near 1.0450, FOMC Minutes in focus
The EUR/USD pair posts modest gains to around 1.0450 during the Asian trading hours on Wednesday, bolstered by the weakening of the US Dollar (USD).
Wed, Feb 19
USD/CHF softens below 0.9050 as traders await FOMC Minutes
USD/CHF weakens to around 0.9030 in Wednesday’s early European.
Global geopolitical stress boosts the safe-haven flows, supporting the CHF.
Fed’s Daly said the central bank should keep short-term borrowing costs where they are until the progress is more visible.
Wed, Feb 19
Japanese Yen remains on the back foot amid a positive risk tone; downside seems limited
The Japanese Yen attracts sellers for the second straight day due to a positive risk tone.
Bets for more interest rate hikes by the BoJ should help limit deeper losses for the JPY.
The divergent BoJ-Fed expectations should contribute to capping gains for USD/JPY.
Wed, Feb 19
Australian Dollar loses ground following fresh Trump tariff threats
The Australian Dollar declines as market sentiment deteriorates amid fresh tariff threats from US President Donald Trump.
Australia's Wage Price Index increased by 0.7% QoQ in Q4 2024, missing the expected 0.8% rise.
Hawkish remarks from Federal Reserve officials bolster the US Dollar.
Wed, Feb 19
