News
Important Only
AUD/USD falls back from 0.6400 as US Dollar bounces back
AUD/USD retreats from 0.6400 as the US Dollar recovers its intraday losses. Investors digest weak preliminary US S&P Global PMI data for February. Going forward, Australian monthly CPI data for January will influence RBA’s policy outlook.
Fxstreet
Mon, Feb 24
CAD loses ground on the crosses – Scotiabank
BoC Governor Macklem said Friday the economy was on a 'better footing' on the back of a pickup in consumer demand but noted again that the consequences of a trade war with the US would be 'severe' and the threat of tariffs was already doing economic harm, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Fxstreet
Mon, Feb 24
BUZZ-COMMENT-Sterling struggles to overcome moving average resistance
Feb 24 (Reuters) - Sterling is clinging to a choppy underlying daily bull trend versus the dollar, but recent sessions have brought stalling at the 100-day moving average.Failure to close above the average, 1.2645, could bring a March 26 1.2442-1.2444 Ichimoku cloud twist into play. Cloud twists can...Reuters
Mon, Feb 24
Sterling edges down against euro after German election
By Greta Rosen Fondahn Feb 24 (Reuters) - The pound traded lower against the euro on Monday after Germany's conservatives won a national election as expected.The euro initially rose to its highest in more than two weeks against the pound, but pared some of those gains and was last up 0.1% wit...Reuters
Mon, Feb 24
BUZZ-COMMENT-Another tariff deadline approaches for Canadian dollar
Feb 24 (Reuters) - The deadline for the delayed 25% tariffs on Canadian goods is one week away (March 4), which in turn will see elevated headline risk for CAD in the short-term. Looking at where USD/CAD is trading – 1.4200 – it appears that markets are rather sanguine over tariff risks. Remember th...Reuters
Mon, Feb 24
EUR/USD falls back amid fears over German economic outlook
EUR/USD surrenders most of its initial gains as the US Dollar bounces back. Market participants worry that potential German coalition government formation will unlikely uplift the economy. Weak US private business activity data weighed on the US Dollar.
Fxstreet
Mon, Feb 24
FOREX-Euro rises after Germany's conservatives win, dollar lacklustre
Euro rises in wake of German election resultsDollar falls to lowest in two months on U.S. growth concernsRaft of U.S. economic data, Fed speakers expected this weekUpdates in European mid morning tradeBy Rae Wee and Greta Rosen Fondahn SINGAPORE/GDANSK, Feb 24 (Reuters) - The euro nudged higher o...Reuters
Mon, Feb 24
BUZZ-COMMENT-Good time to anticipate resumption of USD rally
Feb 24 (Reuters) - Traders have slashed dollar longs in advance of the March 4 deadline for U.S. tariffs which leaves them far less prepared for the likely resumption of the rally that has resulted from the extremely negative implications of a trade dispute.The drop for the dollar index - which has...Reuters
Mon, Feb 24
BUZZ-COMMENT-Could dollar's decline be coming to an end?
Feb 24 (Reuters) - The U.S. dollar has been in a negative cycle in February, but there is a subtle development in the speculative long position that could well provide the room for the greenback to recover.The speculative long position - derived from net contracts of International Monetary Market sp...Reuters
Mon, Feb 24
