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.
United States of America. The US dollar is strengthening against the pound and the yen, while showing mixed performance against the euro.
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.
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.
United States of America. The US dollar is strengthening against the yen, weakening against the pound, and showing mixed dynamics against the euro.
Amid a strengthening U.S. dollar, the USD/JPY pair is correcting within an upward trend near the 155.93 level.
EUR/USD. The euro is showing moderate gains against the US dollar, offsetting the bearish momentum of recent trading sessions and testing the 1.1800 level for an upside breakout, while at 12:00 (GMT+2) market participants await eurozone inflation data that could influence expectations regarding the future monetary policy of the European Central Bank (ECB).
During the Asian session, the EUR/USD pair remains in a corrective trend near the 1.1790 level amid neutral macroeconomic data and a strengthening US dollar.
WTI Crude Oil prices show mixed dynamics during the Asian session on February 25, holding near $66.0 per barrel and close to local highs since early August 2025. Market activity remains subdued as traders await new catalysts.
USDX quotes are correcting after the upward momentum seen over the past two trading sessions and are testing the 97.60 level for an upside breakout, while demand for the US dollar remains stable, supported by a number of factors.
United States. The US dollar is gaining against the yen and the euro, while moderately weakening versus the pound.
The USD/JPY pair is testing the 155.29 level for a downside breakout: market activity remains relatively subdued on Tuesday morning in the absence of key macroeconomic catalysts, prompting traders to focus on inflation data released last week.
Shares of RTX Corp., the American aerospace and defense conglomerate, are trading at 203.00.
EUR/USD. The euro is actively losing ground during the Asian session on February 24, extending a fragile corrective move formed at the beginning of the week and testing the 1.1770 level for a downside breakout, as investors and forex traders await new catalysts to drive price action.
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