Forex Market Review: Dollar Firms, German Ifo Rises
United States of America. The US dollar is strengthening against the pound and the yen, while showing mixed performance against the euro.
Markets
2
March
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By Sagar Dua - 345
The UK’s benchmark FTSE 100 index is showing a localized upward trend around 10,859.0, despite an ongoing domestic political crisis linked to the appearance of Prime Minister Keir Starmer’s name in documents associated with U.S. financier Jeffrey Epstein.
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By Sagar Dua
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WTI Crude Oil prices are currently pulling back and trading around 71.65 after opening the session with a sharp upside gap, while maintaining a broader bullish bias following a technical correction.
27
February
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By Sagar Dua
- 284
United States. The US dollar is strengthening against the British pound, while showing mixed performance against the euro and the Japanese yen.
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By Sagar Dua
- 292
Shares of Johnson & Johnson, one of the leading healthcare conglomerates, are trading around the 242.00 level.
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By Sagar Dua
- 350
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
- 300
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
- 380
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 - 325
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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