The US dollar began a little new trading week on defense, and was able to apostasy from its lowest fresh levels, amid tariff fears, low depressions, and renewal of tensions on the health of the American economy.
Here is what you need to know on Tuesday, February 25:
The US dollar index (DXY) decreased to its lowest level for two months, as it was traded far from the main support at the 106.00 mark. The confidence of the consumer measured by the Bord conference will occupy the lead center of the FHFA home price index, the Richmond Fed Manufacturing index, and the API’s weekly report on US crude oil stocks. In addition, Logan is scheduled to speak Fed, Barr and Barkin.
EUR/USD briefly exceeded the 1.0500 barrier on new optimism after the results of the German election on Sunday. The total growth rate of GDP in the Q4 in Germany will be in the discussion center, as well as the growth of negotiating wages on the European Central Bank and the speech delivered by Nagil, the European Central Bank.
GBP/USD resumed its upward trend on Monday, as it rose to new levels in levels closer to 1.2700 obstacles. CBI distribution deals will be the only version of the channel through the channel, which was loaned by the pill.
After three operations a day in a row, USD/JPY finally regained the smile and drew decent gains to the Key Friendly barrier 150.00. After that, the final publications of the December and the leading economic index will be.
AUD/USD fell to water about 0.6350 after a failed attempt to strike 0.6400 earlier in the day. Jones will speak on RBA on Tuesday, while the Monthly consumer price index is expected to be RBA and construction, on February 26.
Once again, supply is related to some oxygen that is needed for crude oil prices, prompting the American WTI barrel to acceptable gains around the clock above $ 70.00.
Gold prices advanced to a record above $ 2,960 an ounce, which is narrated against the backdrop of the uncertainty surrounding American tariffs. Silver prices were added to a withdrawal on Friday, as it reached its lowest levels day near the 2.00 pounds sterling sign.
