News
Important Only
Sterling edges down versus euro before economic data and BoE Bailey speech
By Stefano Rebaudo Feb 11 (Reuters) - Sterling edged down versus the euro and was unchanged against the dollar as investors awaited economic data on both sides of the Atlantic and a speech from Bank of England Governor Andrew Bailey later in the day.BoE policymaker Catherine Mann said that UK pri...Reuters
Tue, Feb 11
USD/CAD Price Forecast: Stuck in a familiar range ahead of Fed’s Powell
USD/CAD edges higher as Trump’s new tariff provides a modest lift to the safe-haven USD. Recovering crude Oil prices and reduced bets for a March BoC rate cut underpin the Loonie. Investors now look to Fed Chair Jerome Powell’s testimony for some meaningful impetus.
Fxstreet
Tue, Feb 11
FOREX-Dollar little changed before Fed testimony, U.S. data
Dollar holds gains on Trump tariffsPowell's testimony, U.S. consumer prices on tapEuro, sterling down a touchRecasts, adds comments, backgroundBy Stefano Rebaudo and Rae Wee Feb 11 (Reuters) - The U.S. dollar struggled for direction on Tuesday as markets became increasingly numb to U.S. tarif...Reuters
Tue, Feb 11
GBP/USD: Downward momentum can lead to GBP edging lower – UOB Group
Tentative buildup in downward momentum could lead to Pound Sterling (GBP) edging lower; the major support at 1.2310 is unlikely to come into view. In the longer run, for the time being, GBP is likely to trade in a 1.2310/1.2550 range, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Tue, Feb 11
EUR/USD is holding steady around 1.03 – Danske Bank
EUR/USD has dropped toward 1.03 following another tariff headline over the weekend, with Trump announcing that he will impose 25% tariffs on US imports of steel and aluminum - primarily impacting Canada, Mexico, Brazil, and China, Danske Bank's FX analysts report.Fxstreet
Tue, Feb 11
Pound Sterling faces pressure as BoE Mann guides dovish monetary policy outlook
The Pound Sterling is under pressure on Tuesday as BoE official Catherine Mann is concerned over weak demand and guides cracks in the labor market. US President Trump imposes 25% tariffs on steel and aluminum and is poised to announce reciprocal tariffs. Investors await BoE Bailey and Fed Powell’s sFxstreet
Tue, Feb 11
NZD/USD Price Forecast: Finds immediate barrier at nine-day EMA near 0.5650
NZD/USD tests the immediate resistance at a nine-day EMA of 0.5654. The 14-day RSI is positioned below the 50 level, suggesting a bearish bias is active. A successful break below 0.5650 could lead the pair to approach the rectangle’s lower boundary at the 0.5550 level.Fxstreet
Tue, Feb 11
EUR/USD Price Forecast: Bearish outlook remains intact near 1.0300
EUR/USD remains weak near 1.0305 in Tuesday’s early European session. The pair keeps the negative outlook below the 100-day EMA with a bearish RSI indicator. The initial support emerges at 1.0250; the first upside barrier is located at 1.0406.Fxstreet
Tue, Feb 11
FOREX-Dollar supported by Trump tariff moves; eyes on Powell, US inflation
Dollar holds gains on Trump tariffsPowell's testimony, U.S. consumer prices on tapEuro, sterling down a touchUpdates to Asia afternoonBy Rae Wee SINGAPORE, Feb 11 (Reuters) - The dollar firmed on Tuesday after U.S. President Donald Trump moved to substantially raise tariffs on steel and alumi...Reuters
Tue, Feb 11
