EURUSD showed bullish trends but stalled below resistance; price now sits between resistance and key moving averages.
U.S. Redbook Index declined to 6.2% on February 21, indicating retail sales and consumer spending trends.
European stock markets closed mixed; Stoxx 600 rose 0.1%, while French and German indexes declined slightly.
Isabel Schnabel noted a transition to a global bond glut, highlighting excess liquidity and rising Euro area rates.
House Speaker Johnson uncertain on budget vote; markets react to GOP tax cut concerns, contributing to downturn.
Pound Sterling rises slightly; Starmer to announce defence spending. BoE’s Pill speaks on rates; GBP consolidates near support.
Risk assets struggle as consumer confidence drops; oil falls below $70, with WTI at $69.54, lowest since December.
EUR remains stable; narrower spreads support gains. Resistance at 1.0530 limits upside, with support at 1.0430.
US Treasury Secretary Bessent warns of a fragile economy, citing high spending and government-driven job growth concerns.
CAD volatility rises with tariff concerns; USD resistance at 1.4250/60, support at 1.4150/75, potential shift ahead.
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