Dollar Slips and Oil Falls as Markets Reprice Fed and Iran Risks
United States. The US dollar is strengthening against the Japanese yen today while posting moderate losses against the euro and the British pound.
Markets
27
February
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By Sagar Dua - 268
This week, GBP/USD price action has been mixed. After climbing toward the middle Bollinger Band near 1.3575, the pair gave back its gains and returned to the 1.3480 area amid comments from Bank of England Governor Andrew Bailey.
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By Sagar Dua
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S&P 500. The benchmark U.S. equity index is consolidating near 6,887.0, supported by the latest jobless claims data, which showed only a modest increase from 208.0K to 212.0K. At the same time, the total number of Americans receiving unemployment benefits declined to 1.833 million from 1.864 million, while the four-week average edged up slightly from 219.5K to 220.25K.
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By Sagar Dua
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The Australian dollar to US dollar exchange rate (AUD/USD) reached three-year highs in late January, climbing to levels just below 0.7150, and is currently trading slightly above the 0.71 mark.
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By Sagar Dua
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The European currency is set to end the final week of February with near-flat performance: during the Asian session, the EUR/USD pair is testing the 1.1800 level, while market participants await the release of German inflation data at 11:00 (GMT+2). Forecasts point to a slowdown in the headline index from 2.1% to 2.0% year-on-year, which would further support expectations that the European Central Bank (ECB) will maintain its current monetary policy stance, while the monthly figure is expected to accelerate from 0.1% to 0.5%.
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By Sagar Dua
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EUR/USD. The European currency is set to end the final week of February with near-flat dynamics. During the Asian session, the EUR/USD pair is testing the 1.1800 level, while market participants await the release of German inflation data scheduled for 11:00 (GMT+2).
26
February
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By Sagar Dua
- 267
Shares of RTX Corp. continue to move within a long-term upward trend. Last week, the price tested the 206.25 level (Murray level [+1/8]) but failed to consolidate above it and corrected lower, giving back part of the gains.
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By Sagar Dua
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Shares of Meta Platforms Inc., a U.S. multinational holding company that owns a technology conglomerate and the world’s largest social network, Facebook, are trading at 653.70.
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By Ihor - 258
The U.S. dollar is recovering from a very short-term downtrend and is testing the 0.7720 level for an upside breakout, as traders assess geopolitical risks that could influence price dynamics.
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By Sagar Dua
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EUR/USD. The European currency is extending its bullish momentum and testing the 1.1820 level for an upside breakout, while at 12:00 (GMT+2) investors and forex traders are awaiting the release of February business sentiment data for the eurozone. Forecasts suggest an improvement from 99.4 to 99.8 points, with the services sector indicator expected to rise from 7.2 to 7.5 points, while consumer confidence is likely to remain unchanged at –12.2 points.
25
February
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By Sagar Dua
- 268
Shares of Intel Corp., a global giant in the development and sale of electronic devices and computer components, are trading around the 46.00 level.
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By Sagar Dua
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United States of America. The US dollar is strengthening against the yen, weakening against the pound, and showing mixed dynamics against the euro.
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By Sagar Dua
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Amid a strengthening U.S. dollar, the USD/JPY pair is correcting within an upward trend near the 155.93 level.
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