The US dollar shut down the new trading week on defensive, managing tariffs concerns, low yields, and renewed fresh multiplication among golfs on the health of the US economy.
Here you have to know on Tuesday, February 25:
The US Dollar Index (DXY) fell into a new two -month climb, trading at 106.00 points away with key support. Consumer confidence made by conference Bord will be taken by the API’s weekly report on FHFA’s House Price Index, Richmond Fed Manufacturing Index and API on US crude oil inventions. In addition, the Fed is due to the Logan, Barr and Barkin speaking.
EUR/USD on Sunday crossed the 1.0500 barrier on fresh optimism following the results of the German election. The final Q4 GDP growth in Germany will be at the center of debate with the development of ECB interaction and speech by ECB Nagal.
GBP/USD resumed its uplift on Monday, which increased to a new height in close levels of 1.2700 obstacles. CBI distributative trades will release the only data throughout the channel, which will be second by Boy’s bullet.
After three daily pullbacks in a row, the USD/JPY finally got the smile back and the major 150.00 obstacles received decent benefits. The next December on the tap on the Japanese calendar will be the final print of the coincidence index and the leading economic index.
AUD/USD walked around 0.6350 after a failed attempt to hit the level of 0.6400 first a day. RBA’s Jones will speak on Tuesday, while RBA’s monthly CPI indicators, and the figures manufactured are expected on 26 February.
Once again, supply concerns lended some very important oxygen for crude oil prices, inspiring the US WTI barrels to clock an acceptable advantage above the $ 70.00 mark.
Gold prices are advanced for high records of $ 2,960 an ounces of Troy’s record high records behind rapid uncertainty around US tariffs. Silver prices were added to Friday’s pulback, reaching multi-day climb near the £ 2.00 mark per ounce.
