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USD/CHF faces slight pressure near 0.7700 ahead of opening of US markets
The USD/CHF pair trades marginally lower to near 0.7690 during the European trading session on Tuesday. The Swiss Franc pair faces slight selling pressure, while the US Dollar (USD) trades broadly calm ahead of the opening of United States (US) markets after an extended weekend.
Fxstreet
Tue, Feb 17
Canadian Dollar falls as Oil prices weaken on oversupply concerns
USD/CAD continues its winning streak for the fifth consecutive day, trading around 1.3650 during the European hours on Tuesday. The pair appreciates as the commodity-linked Canadian Dollar (CAD) faces challenges, as Crude Oil prices may remain under pressure due to oversupply concerns.
Fxstreet
Tue, Feb 17
AUD: Jobs data to guide RBA path – BBH
Brown Brothers Harriman’s (BBH) Global Head of Markets Strategy Elias Haddad points out that the RBA has resumed tightening, lifting the cash rate to 3.85% and signaling more hikes as demand and labor markets remain strong. Futures price further increases over twelve months.
Fxstreet
Tue, Feb 17
EUR/USD Price Forecast: Holds losses below 1.1850 near nine-day EMA barrier
EUR/USD extends its losses for the second successive session, trading around 1.1840 during the early European hours on Tuesday. The 14-day Relative Strength Index (RSI) momentum indicator at 53 (neutral) signals consolidation with a modest upside lean.Fxstreet
Tue, Feb 17
GBP/JPY slides further below mid-208.00s amid notable JPY strength, ahead of UK jobs data
The GBP/JPY cross meets with a fresh supply in the vicinity of mid-209.00s during the Asian session on Tuesday and snaps a two-day winning streak. Spot prices drop to the 208.25 region in the last hour, stalling the recent recovery from a nearly two-month low, touched last Thursday.
Fxstreet
Tue, Feb 17
EUR/JPY falls below 181.50 ahead of German HICP, ZEW Survey data
EUR/JPY depreciates after two days of gains, trading around 181.40 during the Asian hours on Tuesday. The currency cross loses ground as the Japanese Yen (JPY) strengthens amid rising speculation that the Bank of Japan (BoJ) could deliver an earlier-than-expected rate hike.
Fxstreet
Tue, Feb 17
EUR/USD trades with negative bias below mid-1.1800s; downside potential seems limited
The EUR/USD pair attracts some sellers for the second consecutive day on Tuesday and hovers below mid-1.1800s amid a relatively quiet trading action during the Asian session. The broader fundamental backdrop, however, warrants some caution for bearish traders before positioning for deeper losses.Fxstreet
Tue, Feb 17
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