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Forexlive Americas FX news wrap: Growth concerns mount on a crazy day
Forexlive Americas FX news wrap: Growth concerns mount on a crazy day
Forex news for North American trading on Feb 28, 2025
Session wrap
Wrap Nth America
Gold plunges 3% weekly as trade policies, recession fears fuel USD rally
Gold plunges 3% weekly as trade policies, recession fears fuel USD rally
Gold extended its losses on Friday, down more than 1% and over 3% in the week.
Gold
XAUUSD
Fundamental Analysis
Technical Analysis
SEO
AUD/USD slides near 0.6200 after US PCE data, tariffs
AUD/USD slides near 0.6200 after US PCE data, tariffs
The AUD/USD pair posts a fresh three-week low near 0.6200 in Friday’s trading session after extending its losing streak for the sixth straight day.
AUDUSD
SEO
TradeWar
EURUSD falls below midpoint of February range
EURUSD falls below midpoint of February range
EURUSD falls below crucial support at 1.03689, eyeing 1.0331 as the next key target for traders seeking more selling momentum. Resistance at 1.03814 may offer a more conservative risk level.
Mexican Peso plunges as Trump confirms March tariffs, Peso faces weekly losses
Mexican Peso plunges as Trump confirms March tariffs, Peso faces weekly losses
The Mexican Peso (MXN) prolonged its agony and depreciated against the Greenback on Friday, set to achieve weekly losses of over 0.59% as the President of the United States (US) Donald Trump emphasized that tariffs on Mexico are moving forward on March 4.
USDMXN
Banxico
Fundamental Analysis
Technical Analysis
SEO
US Dollar holds ground after PCE data, geopolitical jitters
US Dollar holds ground after PCE data, geopolitical jitters
The US Dollar Index (DXY), which measures the value of the US Dollar against a basket of six major currencies, remains firm above 107.00 on Friday after January’s Personal Consumption Expenditures (PCE) inflation data came in line with forecasts, easing concerns over unexpected inflation spikes.
DollarIndex
SEO
Currencies
Dow Jones Industrial Average recovers ground on shaky legs
Dow Jones Industrial Average recovers ground on shaky legs
The Dow Jones Industrial Average (DJIA) recovered some lost ground on Friday, rebounding about 200 points to remain in contention with the 43,500 level before giving up and falling back to the day’s opening bids.
DowJones
Equities
SEO
Microsoft Hangs Up on Skype After 20 Years, Pushing Users to Teams
Microsoft Hangs Up on Skype After 20 Years, Pushing Users to Teams
News Discussion Forum
By Finance Magnates
Microsoft Hangs Up on Skype After 20 Years, Pushing Users to Teams
For nearly two decades, Skype connected people across the world with free internet calls, revolutionizing communication long before video conferencing became mainstream.
Skype
microsoft
Deobanks: Fusing AI and Blockchain to Optimize Banking Efficiency
Deobanks: Fusing AI and Blockchain to Optimize Banking Efficiency
News Discussion Forum
By Finance Magnates
Deobanks: Fusing AI and Blockchain to Optimize Banking Efficiency
The financial industry has always pursued efficiency — in time, cost, and personnel.
US President Donald Trump cancels signing ceremony with Ukraine
US President Donald Trump cancels signing ceremony with Ukraine
A meeting between US President Donald Trump and Ukrainian leader Volodymyr Zelenskyy devolved into an argument on Friday.
OfficialTrump
UnitedStates
Ukraine
Nasdaq index bounces after a successful test of the 200 day MA
Nasdaq index bounces after a successful test of the 200 day MA
The price is back above the 38.2% at 18487.09. Staying above keeps the buyer in play today.
EUR/USD Price Analysis: Pair stabilizes below 20-day SMA, sharp weekly decline
EUR/USD Price Analysis: Pair stabilizes below 20-day SMA, sharp weekly decline
EUR/USD closed the week with a slight recovery but remains in a vulnerable position after failing to sustain gains above the 100-day Simple Moving Average (SMA).
EURUSD
Majors
Currencies
GBP/USD struggles at 1.2600 set to first monthly gain since September
GBP/USD struggles at 1.2600 set to first monthly gain since September
The Pound Sterling struggles to clear the 1.2600 figure against the US Dollar yet is set for it first monthly gain since September 2024.
GBPUSD
Currencies
Fundamental Analysis
Technical Analysis
US stock markets bounce but FX and bonds less convinced
US stock markets bounce but FX and bonds less convinced
Some big moves in stocks but FX not joining in
ECB: Keeping all options open – Rabobank
ECB: Keeping all options open – Rabobank
A growing group of policymakers is calling for a pause soon, but this will not affect next week’s meeting, Rabobank’s Senior Macro Strategist Bas van Geffen reports.
ECB
InterestRate
Banks
AUDUSD moves to a new low as the trend lower this week continues
AUDUSD moves to a new low as the trend lower this week continues
The price is looking to move below the 61.8% of the February trading range
AUD
USD
Will Solana Go Up? CME to Launch SOL Futures as Institutional Interest Rises
Will Solana Go Up? CME to Launch SOL Futures as Institutional Interest Rises
News Discussion Forum
By Finance Magnates
Will Solana Go Up? CME to Launch SOL Futures as Institutional Interest Rises
The growing demand for regulated cryptocurrency investment tools has prompted CME Group to introduce Solana (SOL) futures. Pending regulatory approval, these new contracts will reportedly launch on...
solana blockchain
CME Group
Why Bitcoin Is Going Down: MetaMask Plans BTC, Solana with Gas-Free Transactions
Why Bitcoin Is Going Down: MetaMask Plans BTC, Solana with Gas-Free Transactions
News Discussion Forum
By Finance Magnates
Why Bitcoin Is Going Down: MetaMask Plans BTC, Solana with Gas-Free Transactions
MetaMask plans to expand its network support and update its transaction features. It will integrate the Bitcoin network in the Q3 and Solana in May.
BTC
Bitcoin (BTC)
crypto
cryptocurrency
USD/CAD ticks lower after US PCE Inflation, Canadian GDP data release
USD/CAD ticks lower after US PCE Inflation, Canadian GDP data release
The USD/CAD pair edges lower to near but holds onto Thursday’s gains around 1.4430 in North American trading hours on Friday.
USDCAD
Fed
Inflation
GDP
TradeWar
Canadian dollar strengthens, USDCAD faces resistance
Canadian dollar strengthens, USDCAD faces resistance
The Canadian GDP was stronger and helped to push the pair lower
CAD
USD
US stocks set for modest gains at the open despite further Nvidia selling
US stocks set for modest gains at the open despite further Nvidia selling
Shares of Nvidia down 2% pre-market after yesterday's 8% post-earnings dive
US January PCE core +2.6% vs +2.6% expected
US January PCE core +2.6% vs +2.6% expected
Highlights of the US January PCE report
EUR/JPY Price Forecast: Rallies to near 157.00 as Yen weakens across the board
EUR/JPY Price Forecast: Rallies to near 157.00 as Yen weakens across the board
The EUR/JPY pair rallies to near 157.00 in the North American session on Friday.
EURJPY
ECB
BOJ
TradeWar
Inflation
GBP holds up well on the day – Scotiabank
GBP holds up well on the day – Scotiabank
Pound Sterling (GBP) is the best performing G10 currency on the week but is still trading with a 0.3% loss against the generally firmer USD, Scotiabank's Chief FX Strategist Shaun Osborne notes.
GBPUSD
Technical Analysis
Banks
US PCE and Canadian GDP are due at the bottom of the hour
US PCE and Canadian GDP are due at the bottom of the hour
A pair of market movers coming up
economic calendar
Kickstart the FX day for Feb 28 with a technical look at the EURUSD, USDJPY and GBPUSD
Kickstart the FX day for Feb 28 with a technical look at the EURUSD, USDJPY and GBPUSD
What technicals are driving the EURUSD, USDJPY and GBPUSD ahead of the US PCE data at 8:30 AM ET