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Thursday, February 20, 2025

American Market Recap: GBPUSD tests 100 day MA/swing area. Key level for buyers and sellers.

GBPUSD tests 100 day MA/swing area. Key level for buyers and sellers.

The GBPUSD is trading to a new high and in the process is testing a key swing area up to 1.2670 and the 100-day MA at 1.2666. The high price just reached 1.2670. This is a key technical level for both... 

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US crude oil futures settled $72.57

US crude oil futures settled at $72.57 , gaining $0.32 (+0.44%) on the day. Prices ranged between a low of $71.76 and a high of $73.10 . On the hourly chart , today's low found support near the 200-ho... 

USDJPY stretches to the swing area and the 50% retracement

USDJPY broke below its yearly low and February low at 150.943 , accelerating downside momentum. The decline extended to 149.39 , aligning with the upper boundary of a key swing area dating back to mid... 

More from Musalem: Expects inflation to wane but there are upside risks

Alberto G. Musalem Modestly restrictive policy is key to getting inflation back to target It will take time to get inflation to 2% Uncertainty is not yet a major restraint on the economy Gaining confi... 

White House nat sec advisory Waltz: Zelensky needs to return to table on critical minerals

Europe needs to step up for their own defense as a NATO partner Calls for allies to pay up by June NATO summit Zelensky needs to come back to the table on critical minerals Trump is obviously very fru... 

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Latest Forex Orders

FX option expiries for 20 February 10am New York cut

There are a few to take note of on the day, as highlighted in bold . The major ones are for EUR/USD, layered in between the 1.0400 to 1.0450 level. The pair itself also continues to be stuck within th... 

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