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USD: A major correction on souring US sentiment – ING
USD: A major correction on souring US sentiment – ING
FX markets moved quite hectically yesterday, with the dollar giving up its weekly gains in a round of heavy positioning readjustment.
DollarIndex
Technical Analysis
Banks
EURUSD Technical Analysis – The focus switches to the US PMIs
EURUSD Technical Analysis – The focus switches to the US PMIs
The EURUSD pair continues to trade in ranges with the bullish bias remaining intact. What’s next?
EUR/USD weakens on US Dollar's recovery, slower-than-growth in Eurozone PMI
EUR/USD weakens on US Dollar's recovery, slower-than-growth in Eurozone PMI
EUR/USD slides to near 1.0460 in Friday’s North American session.
EURUSD
ECB
Fed
PMI
SEO
DXY: Break below 100-DMA may open room for further downside – OCBC
DXY: Break below 100-DMA may open room for further downside – OCBC
US Dollar (USD) fell overnight as UST yields retreated while US equities slipped.
DollarIndex
Technical Analysis
Banks
Gold near flat ahead of US PMI release
Gold near flat ahead of US PMI release
Gold’s price (XAU/USD) took in on the chin and was down over 1% from its Thursday all-time high of $2,954 during the Asian trading session on Friday, now heading back to nearly flat ahead of the US trading session around $2,935 at the time of writing.
Gold
Commodities
UnitedStates
SEO
GBP/USD: Boost in momentum indicates further GBP strength to 1.2730 – UOB Group
GBP/USD: Boost in momentum indicates further GBP strength to 1.2730 – UOB Group
Impulsive momentum could push Pound Sterling (GBP) higher vs US Dollar (USD); overbought conditions suggest 1.2730 could be just out of reach for now.
GBPUSD
Technical Analysis
Banks
EUR/USD: German elections Sunday – OCBC
EUR/USD: German elections Sunday – OCBC
As of 17 Feb, Politico’s poll of polls shows CDU/CSU leading at 30%, AfD at 21%, SPD at 16% and Greens at 13%, while other smaller parties are in the region of 5% or so.
EURUSD
Technical Analysis
Banks
EUR/JPY surrenders half of intraday gains after steady Eurozone flash PMI
EUR/JPY surrenders half of intraday gains after steady Eurozone flash PMI
The EUR/JPY pair gives up half of its intraday gains and falls to near 157.50 from the intraday high of 158.23 in European trading hours on Friday.
EURJPY
ECB
PMI
BOJ
Inflation
EUR: Major German parties pledge to keep the far right out of any coalition – ING
EUR: Major German parties pledge to keep the far right out of any coalition – ING
The euro has benefited from the unwinding of US Dollar (USD) longs, but remains generally unattractive in the crosses, ING’s FX analysts Francesco Pesole notes.
EURUSD
Technical Analysis
Banks
EUR/USD: Has room to extend to 1.0530 – UOB Group
EUR/USD: Has room to extend to 1.0530 – UOB Group
Impulsive advance has room to extend to 1.0530; a clear break above this level appears unlikely.
EURUSD
Technical Analysis
Banks
UK Preliminary Services PMI unexpectedly rises to 51.1 in February vs. 50.8 expected
UK Preliminary Services PMI unexpectedly rises to 51.1 in February vs. 50.8 expected
The seasonally adjusted S&P Global/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) unexpectedly declined to 46.4 in February from 48.3 in January.
GBPUSD
UnitedKingdom
EconomicIndicator
PMI
Manufacturing
Silver price today: Silver broadly unchanged, according to FXStreet data
Silver price today: Silver broadly unchanged, according to FXStreet data
Silver prices (XAG/USD) broadly unchanged on Friday, according to FXStreet data.
Silver
Commodities
Metals
UK February flash services PMI 51.1 vs 50.8 expected
UK February flash services PMI 51.1 vs 50.8 expected
Latest data release by S&P Global - 21 February 2025
Exclusive: CFD Industry Surpasses 5M Accounts: What's Next?
Exclusive: CFD Industry Surpasses 5M Accounts: What's Next?
News Discussion Forum
By Finance Magnates
Exclusive: CFD Industry Surpasses 5M Accounts: What's Next?
Last year was a strong one for the CFD industry. The market continued to expand, though primarily in developing countries.
active accounts
Intelligence report
CFD industry
Asia
trump
xtb
ATFX Expands Trading Capabilities with BlackArrow Integration
ATFX Expands Trading Capabilities with BlackArrow Integration
News Discussion Forum
By Finance Magnates
ATFX Expands Trading Capabilities with BlackArrow Integration
Traders can seamlessly engage with forex, indices, cryptocurrencies, commodities, and stocks within a single platform.
Eurozone Preliminary Manufacturing PMI advances to 47.3 in February vs. 47 expected
Eurozone Preliminary Manufacturing PMI advances to 47.3 in February vs. 47 expected
The Eurozone manufacturing sector improved but remained in contraction while the services sector activity eased in February, according to the data from the HCOB's latest Purchasing Managers Index (PMI) Survey published on Friday.
PMI
EconomicIndicator
Eurozone
EURUSD
Italy January final CPI +1.5% vs +1.5% y/y prelim
Italy January final CPI +1.5% vs +1.5% y/y prelim
Latest data released by Istat - 21 February 2025
Breaking: US S&P Global Manufacturing PMI increases more than expected in February
Breaking: US S&P Global Manufacturing PMI increases more than expected in February
The S&P Global preliminary PMIs for February are likely to show little variation from the January final readings.
Manufacturing
PMI
EURUSD
SEO
Breaking
"The Knee on Crypto's Neck is Lifting": Hidden Road CEO on MiCA License, Industry's Future
"The Knee on Crypto's Neck is Lifting": Hidden Road CEO on MiCA License, Industry's Future
News Discussion Forum
By Finance Magnates
"The Knee on Crypto's Neck is Lifting": Hidden Road CEO on MiCA License, Industry's Future
"The crypto industry has been held back by regulatory ambiguity, with a knee on its neck for the last four years. But that's about to change," declares Michael Higgins, CEO of Hidden Road.
interview
Hidden Road
crypto
MiCA
Pi Network Enters the Room: Disrupting Crypto or Just Another Coin?
Pi Network Enters the Room: Disrupting Crypto or Just Another Coin?
News Discussion Forum
By Finance Magnates
Pi Network Enters the Room: Disrupting Crypto or Just Another Coin?
Pi Network's Open Mainnet launch ignites discussions on Pi Coin's potential impact and the skepticism surrounding its value and transparency.
Pi Coin
Pi Network
crypto
cryptocurrency
USDJPY Technical Analysis – JPY strength resumes as Treasury yields fall
USDJPY Technical Analysis – JPY strength resumes as Treasury yields fall
The USDJPY pair extended to the downside as Treasury yields resumed their downtrend. What’s next?
German Preliminary Manufacturing PMI jumps to 46.1 in February vs. 45.5 expected
German Preliminary Manufacturing PMI jumps to 46.1 in February vs. 45.5 expected
The German manufacturing and services sectors activity improved more-than-expected in February, the preliminary business activity report published by the HCOB survey showed Friday.
Germany
EconomicIndicator
PMI
Manufacturing
EURUSD
European stocks open lightly changed, winning streak under threat
European stocks open lightly changed, winning streak under threat
Major indices in Europe have been on a six-week winning streak coming into this week
Pound Sterling weakens against US Dollar as investors see Trump tariffs less fearful
Pound Sterling weakens against US Dollar as investors see Trump tariffs less fearful
The Pound Sterling (GBP) falls back after posting a fresh two-month high near 1.2680 against the US Dollar in North American trading hours on Friday.
GBPUSD
BOE
RetailSales
TradeWar
SEO
Crude Oil price today: WTI price bearish, according to FXStreet data
Crude Oil price today: WTI price bearish, according to FXStreet data
West Texas Intermediate (WTI) Oil price falls on Friday, according to FXStreet data.
WTI
Oil
Commodities
US Dollar Index Price Forecast: Tests 106.50 near descending channel's lower boundary
US Dollar Index Price Forecast: Tests 106.50 near descending channel's lower boundary
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against its six major peers, maintains its ground around 106.50 during the early European hours on Friday.
DollarIndex
Technical Analysis
Majors
France February business confidence 96 vs 95 prior
France February business confidence 96 vs 95 prior
Latest data released by INSEE - 21 February 2025
What are the main events for today?
What are the main events for today?
It's the Flash PMIs Day
market overview
GBP/JPY jumps above 190.50 after upbeat UK Retail Sales data
GBP/JPY jumps above 190.50 after upbeat UK Retail Sales data
The GBP/JPY cross rises to around 190.70 during the early European trading hours on Friday.
GBPJPY
Crosses
Macroeconomics
Forex Today: Market focus shifts to February PMI data
Forex Today: Market focus shifts to February PMI data
Here is what you need to know on Friday, February 21: The action in financial markets quiets down on Friday as investors await preliminary February Manufacturing and Services Purchasing Managers' Index (PMI) data from Germany, the Eurozone, the UK and the US.
Majors
Currencies
Macroeconomics
Commodities
EconomicIndicator
UK Retail Sales jump 1.7% MoM in January vs. 0.3% expected
UK Retail Sales jump 1.7% MoM in January vs. 0.3% expected
The United Kingdom (UK) Retail Sales rebounded 1.7% month-on-month (MoM) in January after falling 0.6% in December, the latest data published by the Office for National Statistics (ONS) showed Friday.
RetailSales
EconomicIndicator
UnitedKingdom
GBPUSD
UK January retail sales +1.7% vs +0.3% m/m expected
UK January retail sales +1.7% vs +0.3% m/m expected
Latest data released by ONS - 21 February 2025
NZD/USD remains subdued near 0.5750 following Trade Balance data
NZD/USD remains subdued near 0.5750 following Trade Balance data
NZD/USD holds loses following approximately 1% gains registered in the previous session, trading around 0.5760 during the Asian hours.
NZDUSD
Majors
Macroeconomics
NewZealand
RBNZ
FX option expiries for Feb 21 NY cut
FX option expiries for Feb 21 NY cut
FX option expiries for Feb 21 NY cut at 10:00 Eastern Time via DTCC can be found below.
Options
Currencies
USD/CHF strengthens above 0.8950 as US PMI data looms
USD/CHF strengthens above 0.8950 as US PMI data looms
The USD/CHF pair recovers some lost ground around 0.8985 amid a modest rebound in US Dollar (USD) during the early European session on Friday.
USDCHF
Majors
Macroeconomics