Forex
NZD/USD remains stronger for the second successive day, trading around 0.5990 during the European hours on Wednesday.
Forex
Here is what you need to know on Wednesday, February 25:
Equities
NVIDIA is testing the key 195.95 breakout level ahead of earnings, diverging from broader Magnificent 7 weakness. Holding above its 200-day moving average, with improving relative strength and a bullish MACD crossover, the stock is poised for a potential medium-term uptrend. A break higher could open a retest of record highs, while 169.55 remains critical support.
Forex
The EUR/GBP cross holds positive ground near 0.8725, snapping the three-day losing streak during the early European session on Wednesday. The Pound Sterling (GBP) softens against the Euro (EUR) due to the upcoming UK political events.
Forex
EUR/JPY gains ground for the second successive session, trading around 183.70 during the Asian hours on Wednesday.
Forex
The USD/CHF pair trades in negative territory near 0.7730 during the early European session on Wednesday. The US Dollar (USD) weakens against the Swiss Franc (CHF) after US President Donald Trump delivered his annual State of the Union address to Congress on Wednesday.
AUD/USD is showing signs of a bullish reversal at its 20-day moving average as the RBA is likely to maintain hawkish stance. Sticky core inflation at 3.4% and widening Australia–US rate spreads have strengthened expectations of another rate hike in May. A break above 0.7110 could open upside toward 0.7210, while 0.7020 remains key support for the near-term bullish bias.
Forex
The EUR/USD pair edges lower to around 1.1775 during the early Asian session on Wednesday, pressured by a renewed US Dollar (USD) demand. Traders await the US President Donald Trump's State of the Union address later on Wednesday for clarity on fiscal policies.
Analysis of AUD/USD, detailing its struggle to break 0.7100. Factors discussed include the hawkish RBA, upcoming Australian CPI data (expected sticky at 3.7% YoY), and stable Chinese economy. Technical analysis highlights the pair's two-week range-bound movement and the 0.7100 hurdle.
Forex
AUD/USD edged higher by less than 0.1% on Tuesday, trading in a narrow range around 0.7060.
