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Summary
The past two weeks has seen a sea of change in the talking points of the currency market, as people remain disappointed with US economic data the belief on a June rate hike wavered and with-it what strength the dollar had retained. This week we are once again facing a key forward looking economic figure, the US Non-Farm Payroll results. Beat the consensus and we will likely revive the June rate hike story, fall well short and we may have to think rate action even further than September. Join Mark de la Paz as we discuss how the US Jobs data could dictate broad market themes for the currency markets in the coming weeks.Latest Live Videos
Editors’ Picks
AUD/USD remains capped by 0.7100, focus on inflation data
AUD/USD shrugs off Monday’s pullback and regains composure on Tuesday, coming close to the 0.7070 region despite the Greenback trading with modest gains ahead of the opening bell in Asia. In the meantime, the Aussie Dollar should remain under scrutiny in light of the publication of critical inflation data in Oz early on Wednesday.
EUR/USD risks a deeper drop below 1.1750
EUR/USD keeps its vacillating mood in place as the the NA session drwas to a close on Tuesday, hovering below the 1.1800 hurdle amid acceptable gains in the US Dollar. In the meantime, market participants and the FX galaxy are expected to closely follow President Trump’s SOTU speech around 2AM GMT.
Gold appears offered around $5,150
Gold is giving back a good portion of the recent multi-day rally, receding to the $5,150 zone per troy ounce amid the decent bounce in the US Dollar and mixed US Treasuty yields. In the meantime, markets’ attention remain on upcoming comments from Fed speakers.
Ripple’s DeFi shift in focus: Navigating XRPL EVM sidechain growth, XRPFi migration and liquidity
Ripple (XRP) has continued to trade under pressure, extending its decline by approximately 63% from the record high of $3.66 in July. The remittance token is trading above support at $1.35, while its upside appears limited by key supply zones, starting with $1.40, at the time of writing on Tuesday.
The Citrini report: How a debatable AI narrative can shake Wall Street Premium
That AI-related headline alone was enough to rattle investors.US stocks slid sharply on Monday after a widely circulated Citrini Research memo outlined a hypothetical “2028 Global Intelligence Crisis”, warning that rapid AI adoption could push US unemployment into double digits as early as by mid-2028.
Here is what you need to know on Wednesday, February 25:
The US Dollar (USD) is on a green note on Tuesday after recovering from Monday’s decline as investors digested the United States (US) Supreme Court ruling against President Donald Trump's tariffs and the new round of levies he announced last weekend.