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Forecasting the upcoming week: US inflation on the cards amid tariff uncertainty

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The Greenback suffered another lacklustre week, dropping to levels not seen since early December 2024.

US Dollar Weekly Forecast: US tariff ambiguity continues to cast a shadow

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The US Dollar (USD) had another rough week, dipping to the low-106.00s for the first time since early December, according to the US Dollar Index (DXY).

EUR/USD Price Analysis: Bulls lose momentum as pair faces rejection at 100-day SMA

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The EUR/USD pair faced a setback on Friday, declining by 0.44% to settle near 1.0450 after encountering firm resistance at the 100-day Simple Moving Average (SMA) around 1.0540.

US Dollar steadies after US Services PMI contracts against all odds

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The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, is trading around 106.60 at the time of writing after a rather disappointing United States (US) preliminary Purchase Manager's Index (PMI)

GBP/USD slips after hitting record high past 100-day SMA

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The GBP/USD registers losses during the North American session after testing the 100-day Simple Moving Average (SMA) at 1.2658.

Gold Weekly Forecast: Rally continues as Trump tariff concerns fuel arbitrage trade

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Gold (XAU/USD) regained bullish momentum and touched a new record high above $2,950 on Thursday before entering a consolidation phase.

GBP/USD Weekly Outlook: Pound Sterling sustains bullish potential

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The Pound Sterling (GBP) hit its highest in over two months against the US Dollar (USD) as GBP/USD buyers remained unstoppable on acceptance above the 1.2600 level.

EUR/USD Weekly Forecast: Buyers interest fades as trade-war concerns keep mounting

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The EUR/USD pair fell throughout the first half of the week, recovering in the second half to close it little changed at around 1.0480.

AUD/USD faces pressure around 0.6400 ahead of flash US PMI

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The AUD/USD pair faces selling pressure around 0.6400 in North American trading hours on Friday.

Silver Price Forecast: XAG/USD struggles around $33.00 as Fed officials guide restrictive policy stance

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Silver price (XAG/USD) faces selling pressure above the key level of $33.00 in North American trading hours on Friday.

GBP turns lower from 100-day/week MA signals in mid-1.26s – Scotiabank

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UK Retail Sales rose a solid 2.1% in January, well ahead of expectations, after run of soft data in Q4, Scotiabank's Chief FX Strategist Shaun Osborne notes.

EUR tops out in the low 1.05s again – Scotiabank

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Preliminary Eurozone PMI data for February were mixed to slightly softer, weighing on the EUR somewhat in European trade, Scotiabank's Chief FX Strategist Shaun Osborne notes.

DXY: Short-covering lifts USD into weekend – Scotiabank

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The US Dollar (USD) is trading higher on the day overall, with yesterday’s big winner, the JPY, this morning’s big loser after Japan’s January headline CPI reflected the anticipated pick up to 4.0% Y/Y, Scotiabank's Chief FX Strategist Shaun Osborne notes.

CAD: Pivot around 1.42 extends ahead of Retail Sales, Macklem – Scotiabank

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The Canadian Dollar (CAD) is a very moderate loser on the day, down a little more than 0.1%.

European natural gas and power prices drop – Danske Bank

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European natural gas and power prices have dropped back over the past week despite a cold spell adding to heating demand in Northern Europe, Danske Bank's FX analyst Mohamad Al-Saraf reports.

JPY emerges as the top performer in the G10 space – Danske Bank

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USD/JPY has been steadily declining this year, with JPY emerging as the top performer in the G10 space.

NZD largely unphased by the RBNZ comments – BBH

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Reserve Bank of New Zealand (RBNZ) Chief Economist Paul Conway reiterated the bank’s policy outlook , BBH's FX analysts report.

USD/CNH: Expected to trade between 7.2300 and 7.2580 – UOB Group

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US Dollar (USD) is expected to trade between 7.2300 and 7.2580 vs Chinese Yuan (CNH).

AUD: RBA remains cautious about prospects for further policy easing – BBH

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AUD is supported as markets continue to imply a shallow RBA easing cycle (roughly 50bps of easing over the next 12 months), BBH's FX analysts report.

USD/JPY: Expected to trade in a 149.20/150.55 range – UOB Group

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US Dollar (USD) is expected to trade in a 149.20/150.55 range vs Japanese Yen (JPY).

GBP: BoE to cut 50bps over the next 12 months– BBH

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GBP is firmer after UK January retail sales growth overshot expectations , BBH's FX analysts report.

USD/CAD Price Forecast: Recovers to near 1.4200

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The USD/CAD pair gains to near the key resistance of 1.4200 in European trading hours on Friday.

NZD/USD: Unlikely to reach 0.5790 today – UOB Group

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Scope for New Zealand Dollar (NZD) to rise further, but it is unlikely to reach 0.5790 today.

USD/JPY: Technical rebound; fade rallies – OCBC

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USD/JPY fell to a low of 149.29 this morning before rebounding to above 150 on Governor Ueda’s comments.

JPY: Inflation endorses hawkish sentiment – ING

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The Japanese Yen (JPY) has had a stellar week, ING’s FX analysts Francesco Pesole notes.

AUD/USD can advance further, potentially reaching 0.6455 – UOB Group

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Room for Australian Dollar (AUD) to advance to 0.6425 vs US Dollar (USD) before levelling off; 0.6455 is likely out of reach for now.

USD: A major correction on souring US sentiment – ING

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FX markets moved quite hectically yesterday, with the dollar giving up its weekly gains in a round of heavy positioning readjustment.

EUR/USD falls after flash Eurozone PMI data

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EUR/USD slides to near 1.0470 in Friday’s European session.

DXY: Break below 100-DMA may open room for further downside – OCBC

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US Dollar (USD) fell overnight as UST yields retreated while US equities slipped.

Gold drops over 1% from Thursday’s all-time high

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Gold’s price (XAU/USD) slides over 1% lower from its Thursday all-time high of $2,954 and trades around $2,925 at the time of writing on Friday.

GBP/USD: Boost in momentum indicates further GBP strength to 1.2730 – UOB Group

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Impulsive momentum could push Pound Sterling (GBP) higher vs US Dollar (USD); overbought conditions suggest 1.2730 could be just out of reach for now.

EUR/USD: German elections Sunday – OCBC

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As of 17 Feb, Politico’s poll of polls shows CDU/CSU leading at 30%, AfD at 21%, SPD at 16% and Greens at 13%, while other smaller parties are in the region of 5% or so.

EUR/JPY surrenders half of intraday gains after steady Eurozone flash PMI

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The EUR/JPY pair gives up half of its intraday gains and falls to near 157.50 from the intraday high of 158.23 in European trading hours on Friday.

EUR: Major German parties pledge to keep the far right out of any coalition – ING

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The euro has benefited from the unwinding of US Dollar (USD) longs, but remains generally unattractive in the crosses, ING’s FX analysts Francesco Pesole notes.

GBP/USD Forecast: Near-term outlook remains bullish despite mixed UK data

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GBP/USD corrects lower and trades near the 1.2650 area in the European session on Friday, after having set a new two-month high at 1.2678 earlier in the day.

EUR/USD: Has room to extend to 1.0530 – UOB Group

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Impulsive advance has room to extend to 1.0530; a clear break above this level appears unlikely.

UK Preliminary Services PMI unexpectedly rises to 51.1 in February vs. 50.8 expected

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The seasonally adjusted S&P Global/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) unexpectedly declined to 46.4 in February from 48.3 in January.

Eurozone Preliminary Manufacturing PMI advances to 47.3 in February vs. 47 expected

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The Eurozone manufacturing sector improved but remained in contraction while the services sector activity eased in February, according to the data from the HCOB's latest Purchasing Managers Index (PMI) Survey published on Friday.

S&P Global PMIs expected to confirm US economic expansion in February

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S&P Global is set to release its early estimates for the United States (US) Purchasing Managers Indexes (PMIs) for February this Friday.

USD/JPY Price Forecast: Rallies amid retreating JGB yields after BOJ Ueda’s comments

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The USD/JPY pair stages a solid recovery of nearly 150 pips from the 149.30-149.25 region, or its lowest level since December 3 touched this Friday, and sticks to strong gains through the early European session.

German Preliminary Manufacturing PMI jumps to 46.1 in February vs. 45.5 expected

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The German manufacturing and services sectors activity improved more-than-expected in February, the preliminary business activity report published by the HCOB survey showed Friday.

Pound Sterling advances on robust growth in UK Retail Sales in January

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The Pound Sterling (GBP) strengthens against its major peers on Friday after the release of robust United Kingdom (UK) Retail Sales data for January.

Crude Oil price today: WTI price bearish, according to FXStreet data

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West Texas Intermediate (WTI) Oil price falls on Friday, according to FXStreet data.

EUR/USD Forecast: Euro stays near key resistance area ahead of PMI data

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EUR/USD gathered bullish momentum and climbed above 1.0500 on Thursday, as the US Dollar (USD) came under heavy selling pressure.

US Dollar Index Price Forecast: Tests 106.50 near descending channel's lower boundary

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The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against its six major peers, maintains its ground around 106.50 during the early European hours on Friday.

GBP/JPY jumps above 190.50 after upbeat UK Retail Sales data

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The GBP/JPY cross rises to around 190.70 during the early European trading hours on Friday.

Forex Today: Market focus shifts to February PMI data

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Here is what you need to know on Friday, February 21: The action in financial markets quiets down on Friday as investors await preliminary February Manufacturing and Services Purchasing Managers' Index (PMI) data from Germany, the Eurozone, the UK and the US.

UK Retail Sales jump 1.7% MoM in January vs. 0.3% expected

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The United Kingdom (UK) Retail Sales rebounded 1.7% month-on-month (MoM) in January after falling 0.6% in December, the latest data published by the Office for National Statistics (ONS) showed Friday.

NZD/USD remains subdued near 0.5750 following Trade Balance data

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NZD/USD holds loses following approximately 1% gains registered in the previous session, trading around 0.5760 during the Asian hours.

FX option expiries for Feb 21 NY cut

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FX option expiries for Feb 21 NY cut at 10:00 Eastern Time via DTCC can be found below.