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EUR/USD Price Analysis: Bulls tighten grip as pair surges to multi-month highs
EUR/USD gained significant ground on Wednesday, pushing further into bullish territory after an already strong performance in recent sessions.
EURUSD
Majors
Currencies
Technical Analysis
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Fxstreet
BoE’s Pill: Size and pace of further easing will hinge on inflation
BoE’s Chief Economist Huw Pill spoke before lawmakers in Parliament.
BOE
CentralBanks
GBPUSD
UnitedKingdom
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Forex Live
EIA weekly US crude oil inventories +3614K vs +341K expected
Weekly US energy inventory data
Oil
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Fxstreet
GBP/USD surges as weak US data fuels Fed rate-cut bets
The Pound Sterling extended its gains versus the US Dollar on Wednesday, as market participants punished the latter.
GBPUSD
Majors
Macroeconomics
TradeWar
Technical Analysis
News Discussion Forum
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Fxstreet
BoE’s Bailey: Second round inflation effects look less likely
BoE’s Governor Andrew Bailey testified before the Treasury Select Hearing.
BOE
GBPUSD
CentralBanks
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Forex Live
WTI crude oil falls below $66 for the first time since September
Ugly fall in crude this week
Oil
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Fxstreet
US ISM Services PMI rises to 53.5 in February vs. 52.6 expected
The economic activity in the US service sector continued to expand an accelerating pace in February, with the ISM Services PMI rising to 53.5 from 52.8 in January.
PMI
EconomicIndicator
UnitedStates
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Forex Live
US factory orders for January 1.7% versus 1.6% expected
US factory orders for January 2025
USD
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Forex Live
US February ISM services 53.5 vs 52.6 expected
US February 2025 ISM service
USD
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Forex Live
US February S&P Global final services index 51.0 vs 49.7 prelim
S&P Global final services index
USD
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Fxstreet
Silver Price Forecast: XAG/USD struggles around $32.40 while global trade war intensifies
Silver price (XAG/USD) struggles to extend its upside above the key resistance of $32.40 in Wednesday’s North American session.
Silver
XAGUSD
Fed
DollarIndex
TradeWar
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Fxstreet
BoE’s Greene: Appropriate to maintain cautious approach to removing monetary restrictiveness
While testifying before the U Treasury Select Committee on Wednesday, Bank of England (BoE) policymaker Megan Greene said it is appropriate to maintain a cautious and gradual approach to removing monetary restrictiveness, as reported by Reuters.
BOE
CentralBanks
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Forex Live
German bund yields could rise another 100 basis points from here, Goldman Sachs says
Big jump today
EUR
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Forex Live
Sheinbaum: Let's see what happens on tariffs through Sunday
Comments from the Mexican President
MXN
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Forex Live
US Supreme Court rejects Trump on USAID freeze
The Supreme Court pushes back against Trump
Politics
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Forex Live
OPEC production rose 170K in February
Reuters' secondary sources survey
Oil
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Forex Live
Toronto housing numbers point to another kind of pain in the Canadian economy
February sales decline sharply compared to last year
CAD
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Forex Live
Shares of US automakers rise after hints of some kind of 'USMCA compliant' tariff regime
The goalposts are moving
Politics
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Fxstreet
AUD/USD struggles to perform despite sheer weakness in US Dollar
The AUD/USD pair is slightly higher to near 0.6280 in North American trading hours on Wednesday.
AUDUSD
Fed
RBA
TradeWar
Employment
News Discussion Forum
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Fxstreet
US Commerce Secretary Lutnick: We expect rates to come down if we balance the budget
In an interview with Bloomberg TV on Wednesday, US Commerce Secretary Howard Lutnick said that they will make an announcement on Canada and Mexico tariffs later in the day, adding that they will be "in the middle somewhere." Key takeaways "If Canada can stop fentanyl, US President Donald Trump is open-minded." "Trump is thinking about what sectors he can maybe consider giving Canada relief." "Trump will make the decision.
UnitedStates
Politics
InterestRate
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Forex Live
Canada Q4 labor productivity +0.6% vs -0.4% prior
Canadian productivity data
CAD
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Forex Live
Lutnick: Some April 2 tariffs will be right away, others will a month or two
Lutnick comments on Bloomberg TV
USD
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Forex Live
ADP February US employment +77K vs +140K expected
Results of the private payrolls survey for February 2025
USD
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Forex Live
Trump and Trudeau expected to talk today - report
Reuters report
CAD
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Fxstreet
GBP pulled through 200-day MA by softer USD tone – Scotiabank
Pound Sterling (GBP) is enjoying the ride provided by the generally softer USD and the additional tow from the EUR lifting its European peers, Scotiabank's Chief FX Strategist Shaun Osborne notes.
GBPUSD
Technical Analysis
Banks
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Fxstreet
EUR jumps on the day – Scotiabank
The EUR advance has extended today as Germany’s fiscal reset promises massive spending increases on defence and infrastructure, Scotiabank's Chief FX Strategist Shaun Osborne notes.
EURUSD
Technical Analysis
Banks
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Fxstreet
CAD holds range on the day – Scotiabank
So, the 25% tariff regime might have had a very short shelf life after all and we might be looking at low double digit border tariffs now, Scotiabank's Chief FX Strategist Shaun Osborne notes.
USDCAD
Technical Analysis
Banks
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Fxstreet
USD trades broadly lower – Scotiabank
After Tariffs Tuesday, we’ve arrived at Walkback Wednesday, it would seem.
DollarIndex
Technical Analysis
Banks
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Forex Live
ForexLive European FX news wrap: Euro stays upbeat as dollar slumps, DAX rebounds strongly
Forex news from the European morning session on Mar 5, 2025
Session wrap
Wrap Europe
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Fxstreet
US Dollar sees upbeat Services ISM report come a little too late
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, is unable to recover this Wednesday with again deepened out losses in already turbulent week for the DXY. The downward move comes as
DollarIndex
Macroeconomics
UnitedStates
SEO
TradeWar
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Forex Live
Germany reportedly calls for EU to ease fiscal rules in order to bolster defense spending
Let's make the rules to conform to what we want to do, eh?
EUR
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Forex Live
US MBA mortgage applications w.e. 28 February +20.4% vs -1.2% prior
Latest data from the Mortgage Bankers Association for the week ending 28 February 2025
USD
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Fxstreet
NZD/USD gains to near 0.5680 as US Dollar continues to underperform
The NZD/USD pair recovers its intraday losses and turns positive in European trading hours on Wednesday.
NZDUSD
Fed
RBNZ
Employment
China
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Forex Live
China president Xi continues to push the goal of common prosperity
The Chinese state radio with a remark by Xi on the sidelines of the National People's Congress
CNY
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Fxstreet
China: Domestic demand prioritised to offset tariffs – Standard Chartered
NPC set targets for growth at 5%, inflation 2%, official budget deficit 4% of GDP, largely as we expected.
China
Technical Analysis
Banks
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Fxstreet
Gold softer after Secretary Lutnick reiterates Trump could cancel tariffs
Gold’s price (XAU/USD) eases again, though less severe after earlier losses in the Asian trading session and trades around $2,920 at the time of writing on Wednesday. With tariffs still in place and several more tariffs to come for Europe and other
Gold
Commodities
UnitedStates
SEO
TradeWar
News Discussion Forum
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Fxstreet
Venezuelan oil supply at risk – ING
The oil market came under pressure again yesterday, with ICE Brent settling a little more than 0.8% lower.
Oil
Technical Analysis
Banks
News Discussion Forum
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Fxstreet
USD/CNH: China's 2025 fiscal deficit target is highest in over three decades – BBH
USD/CNH is consolidating near recent lows around 7.2600. China boosts fiscal spending.
USDCNH
Technical Analysis
Banks
News Discussion Forum
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Fxstreet
Pound Sterling strengthens against US Dollar as US ADP Employment misses estimates
The Pound Sterling (GBP) jumps to near 1.2850 against the US Dollar (USD) in North American trading hours on Wednesday, the highest level seen since November 12.
GBPUSD
Fed
BOE
TradeWar
SEO
News Discussion Forum
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Fxstreet
USD/CNH: Decline is likely part of a lower range of 7.2400/7.2800 – UOB Group
Further US Dollar (USD) weakness vs Chinese Yuan (CNH) is not ruled out, but any decline is likely part of a lower range of 7.2400/7.2800.
USDCNH
Technical Analysis
Banks
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