Forex News

US Dollar for now able to avoid another daily loss with geopolitics roaming markets

by Fxstreet

US Dollar for now able to avoid another daily loss with geopolitics roaming markets

The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, has completely recovered Asian losses in the US trading session this Monday. The initial move down in the US Dollar came in, due to

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Macroeconomics

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SEO

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ForexLive European FX news wrap: Euro gains fizzle, stocks look to bounce back

News Discussion Forum

by Forex Live

ForexLive European FX news wrap: Euro gains fizzle, stocks look to bounce back

Forex news from the European morning session on Feb 24, 2025

Session wrap

Wrap Europe

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Germany's SPD says it is unclear if they will be part of the future government

News Discussion Forum

by Forex Live

Germany's SPD says it is unclear if they will be part of the future government

It's certainly a possibility

Politics

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AUD/USD falls back from 0.6400 as US Dollar bounces back

News Discussion Forum

by Fxstreet

AUD/USD falls back from 0.6400 as US Dollar bounces back

The AUD/USD pair pares gains after rising to near 0.6400 in late European trading hours on Monday.

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RBA

Fed

PMI

Inflation

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CAD loses ground on the crosses – Scotiabank

News Discussion Forum

by Fxstreet

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.

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Canada

BOC

Banks

Fundamental Analysis

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USD/CAD Price Forecast: Bounces back as US Dollar recovers entire intraday losses

News Discussion Forum

by Fxstreet

USD/CAD Price Forecast: Bounces back as US Dollar recovers entire intraday losses

The USD/CAD pair rebounds to near 1.4220 in European trading hours on Monday after sliding to near 1.4180 earlier in the day.

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BOC

PMI

TradeWar

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WTI strives to gain ground above $70.00, seeks more development in Russia-Ukraine peace

News Discussion Forum

by Fxstreet

WTI strives to gain ground above $70.00, seeks more development in Russia-Ukraine peace

West Texas Intermediate (WTI), futures on NYMEX, bounces to near $70.44 in Monday’s European session after posting an over seven-week low around $70.00 on Friday.

Oil

WTI

RussianFederation

UnitedStates

OPEC

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German finance minister says debt brake reform is unrealistic in current parliament

News Discussion Forum

by Forex Live

German finance minister says debt brake reform is unrealistic in current parliament

Remarks by German finance minister, Jörg Kukies

EUR

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News Discussion Forum

by Fxstreet

Cocoa under pressure – ING

London cocoa came under additional pressure on Friday, with the front-month contract falling more than 7.6% to settle at a little over GBP7,300/t, ING’s commodity analysts Warren Patterson and Ewa Manthey notes.

Agriculture

Commodities

Banks

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Xi says China happy to see Russia, relevant parties make positive efforts on Ukraine

News Discussion Forum

by Forex Live

Xi says China happy to see Russia, relevant parties make positive efforts on Ukraine

Remarks by China president, Xi Jinping, after a phone call with Russian president, Vladimir Putin

Politics

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EUR/USD surrenders intraday gains as US Dollar bounces back

News Discussion Forum

by Fxstreet

EUR/USD surrenders intraday gains as US Dollar bounces back

EUR/USD gives up its entire intraday gains after revisiting the one-month high near 1.0530 and drops to near 1.0460 in Monday’s North American session.

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Fed

Germany

SEO

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Eurozone January final CPI +2.5% vs +2.5% y/y prelim

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by Forex Live

Eurozone January final CPI +2.5% vs +2.5% y/y prelim

Latest data released by Eurostat - 24 February 2025

EUR

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Oil: Speculators trim oil positions – ING

News Discussion Forum

by Fxstreet

Oil: Speculators trim oil positions – ING

Oil prices sold off heavily on Friday, with ICE Brent settling 2.68% lower on the day and WTI briefly trading below US$70/bbl this morning for the first time this year, ING’s commodity analysts Warren Patterson and Ewa Manthey notes.

Oil

Energy

Banks

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Weekly update on interest rate expectations

News Discussion Forum

by Forex Live

Weekly update on interest rate expectations

What are the market expectations for interest rates for G8FX

market overview

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Silver price today: Silver broadly unchanged, according to FXStreet data

News Discussion Forum

by Fxstreet

Silver price today: Silver broadly unchanged, according to FXStreet data

Silver prices (XAG/USD) broadly unchanged on Monday, according to FXStreet data.

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Commodities

Metals

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German IFO Business Climate Index improves to 85.2 in February vs. 85.8 expected

News Discussion Forum

by Fxstreet

German IFO Business Climate Index improves to 85.2 in February vs. 85.8 expected

The headline German IFO Business Climate Index ticked a tad higher to 85.2 in February from 85.1 in January.

Germany

EconomicIndicator

Sentiment

EURUSD

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SNB total sight deposits w.e. 21 February CHF 438.1 bn vs CHF 432.5 bn prior

News Discussion Forum

by Forex Live

SNB total sight deposits w.e. 21 February CHF 438.1 bn vs CHF 432.5 bn prior

Latest data released by the SNB - 24 February 2025

CHF

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Germany February Ifo business climate index 85.2 vs 85.8 expected

News Discussion Forum

by Forex Live

Germany February Ifo business climate index 85.2 vs 85.8 expected

Latest data released by Ifo - 24 February 2025

EUR

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Post-German election optimism proves fleeting

News Discussion Forum

by Forex Live

Post-German election optimism proves fleeting

The euro is seeing gains fade while the DAX is nearly flat on the day now

market overview

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Silver Price Forecast: XAG/USD hovers near $32.50 amid increased market caution

News Discussion Forum

by Fxstreet

Silver Price Forecast: XAG/USD hovers near $32.50 amid increased market caution

Silver price (XAG/USD) edges higher after registering gains in the previous session, trading around $32.60 during the European hours on Monday.

Silver

XAGUSD

Commodities

Macroeconomics

Metals

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Market Outlook for the Week of 24th-28th February

News Discussion Forum

by Forex Live

Market Outlook for the Week of 24th-28th February

The highlights of the week include inflation data for Australia and Japan, and the US core PCE index

JPY

AUD

USD

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Pound Sterling gains as BoE seems to follow slower monetary easing cycle

News Discussion Forum

by Fxstreet

Pound Sterling gains as BoE seems to follow slower monetary easing cycle

The Pound Sterling (GBP) gains against its peers as investors expect the Bank of England (BoE) to follow a moderate policy-easing cycle this year.

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BOE

Fed

PMI

SEO

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German stocks lead the way at the open in mixed showing for European equities

News Discussion Forum

by Forex Live

German stocks lead the way at the open in mixed showing for European equities

The German election over the weekend is pushing domestic shares higher

Stocks

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EUR/GBP rises to near 0.8300 following Germany’s Conservatives win

News Discussion Forum

by Fxstreet

EUR/GBP rises to near 0.8300 following Germany’s Conservatives win

EUR/GBP gains as the Euro finds support following Germany’s conservative victory in the election, aligning with expectations.

EURGBP

Crosses

Macroeconomics

Germany

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Crude oil price today: WTI price bullish, according to FXStreet data

News Discussion Forum

by Fxstreet

Crude oil price today: WTI price bullish, according to FXStreet data

West Texas Intermediate (WTI) Oil price advances on Monday, according to FXStreet data.

Oil

WTI

Commodities

Bullish

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News Discussion Forum

by Forex Live

What are the main events for today?

The German IFO is the only highlight but watch out for Trump's headlines

market overview

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Forex Today: Markets stay focused on politics as Euro rises on German election results

News Discussion Forum

by Fxstreet

Forex Today: Markets stay focused on politics as Euro rises on German election results

Here is what you need to know on Monday, February 24: The Euro (EUR) gathers strength against its rivals to begin the week as investors assess the results of the German election.

Majors

Currencies

Macroeconomics

EconomicIndicator

Commodities

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NZD/USD jumps above 0.5750 amid prospect of Fed rate cuts

News Discussion Forum

by Fxstreet

NZD/USD jumps above 0.5750 amid prospect of Fed rate cuts

The NZD/USD pair gains momentum to around 0.5760 during the early European session on Monday.

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Majors

Macroeconomics

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Eurostoxx futures +0.4% in early European trading

News Discussion Forum

by Forex Live

Eurostoxx futures +0.4% in early European trading

German stocks set to lead the way after the election outcome

Stocks

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Euro in search of a breakout on German election results

News Discussion Forum

by Forex Live

Euro in search of a breakout on German election results

Is this the moment for the euro to shine?

EUR

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News Discussion Forum

by Fxstreet

FX option expiries for Feb 24 NY cut

FX option expiries for Feb 24 NY cut at 10:00 Eastern Time via DTCC can be found below.

Options

Currencies

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US Dollar Index (DXY) hits over two-month low around 106.20, seems vulnerable below 100-day SMA

News Discussion Forum

by Fxstreet

US Dollar Index (DXY) hits over two-month low around 106.20, seems vulnerable below 100-day SMA

The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, kicks off the new week on a downbeat note and drops to its lowest level since December 10 during the Asian session.

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ConsumerSpending

Fed

Inflation

Currencies

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