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Latest data released by Eurostat – 25 February 2021
– Economic confidence 93.4 vs 92.1 expected
– 91.5
– Industrial confidence -3.3 vs -5.0 expected
– Prior -5.9; revised to -6.1
Euro area economic confidence improves slightly in February as there is some degree of optimism flowing about the outlook ahead of the summer. However, present conditions continue to Continue Reading:…
Author: https://www.forexlive.com/news/!/eurozone-february-final-consumer-confidence-vs-148-prelim-20210225 Selected by SYFX+
The aussie has hit the key milestone, what’s next?
AUD/USD is extending gains on the day as the dollar remains pressured, with the pair now touching above 0.8000 for the first time since 2 February 2018.
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Author: https://www.forexlive.com/technical-analysis/!/audusd-hits-08000-for-the-first-time-in-over-three-years-20210225 Selected by SYFX+
Latest data released by the ECB – 25 February 2021
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Author: https://www.forexlive.com/news/!/eurozone-january-m3-money-supply-vs-125-yy-expected-20210225 Selected by SYFX+
10-year Treasury yields up nearly 6 bps on the day now
10-year yields are up nearly 6 bps to 1.43% currently while 30-year yields are up a little over 6 bps and closing in on 2.30% in European morning trade.
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Author: https://www.forexlive.com/news/!/yields-continue-to-ramp-higher-on-the-session-20210225 Selected by SYFX+
WTI crude is up another 0.7% to $63.70 today
The gains in oil this month have been rather unrelenting, with the rally even looking past news that OPEC+ may be looking to decide on increasing production starting from April at its next meeting in March.
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Author: https://www.forexlive.com/technical-analysis/!/oil-looks-to-keep-the-rally-going-into-the-month-end-20210225 Selected by SYFX+
EUR/USD climbs to a six-week high of 1.2200
Despite yields ticking higher to start European morning trade, the dollar is actually tracking lower across the board – except against the yen – in the major currencies space.
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Author: https://www.forexlive.com/technical-analysis/!/dollar-fails-to-take-comfort-in-higher-yields-so-far-today-20210225 Selected by SYFX+
AUD/JPY up 0.5% to 84.76, its highest levels since February 2018
The pair is looking to hold a push past the March to June 2018 highs around 84.48-53 and that may very well pave the way for buyers to target October 2017 and January 2018 highs just above 89.00 in the bigger picture of things.
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Author: https://www.forexlive.com/technical-analysis/!/audjpy-climbs-to-fresh-three-year-high-as-the-yen-comes-under-pressure-again-20210225 Selected by SYFX+