Here is what you need to know on Tuesday, February 15:

Markets remain relatively quiet early Tuesday following Monday's flight-to-safety as investors remain focused on geopolitics. The greenback is struggling to preserve its strength against its major rivals and US stocks futures trade flat in the European morning. Eurostat will release the euro area GDP growth and Employment Change data for the fourth quarter and the ZEW Survey from Germany will be looked upon for fresh impetus as well. Later in the day, January Producer Price Index (PPI) will be featured in the US economic docket

Russia's Foreign Minister Sergey Lavrov told President Vladimir Putin in a televised meeting on Monday that it was still possible to find a diplomatic solution. Although these comments helped the market mood improve in the second half of the day, reports showing that Russia has sent thousands more troops to the Ukraine border force investors to stay cautious.

The US Dollar Index, which touched its highest level in nearly two weeks at 96.43 on Monday, is posting small daily losses at 96.20. The benchmark 10-year US Treasury bond yield is virtually unchanged on the day slightly below 2%. St Louis Fed President James Bullard reiterated on Monday that he saw the need for the Fed to hike the policy rate by 100 basis points by July. Meanwhile, Kansas City Fed President Esther George argued that the Fed should weigh asset sales to curb inflation.

EUR/USD fell to a 12-day low of 1.1280 but ended up closing the day a few pips above 1.1300 on Monday. The pair is clinging to modest recovery gains ahead of mid-tier data releases.

GBP/USD closed in the negative territory on Monday but seems to have found support around 1.3500. The data from the UK showed earlier in the day that the ILO Unemployment Rate remained unchanged at 4.1% in three months to December as expected. The Average Earnings Including Bonus edged higher to 4.3% from 4.2% in the same period.

USD/JPY continues to fluctuate between 115.00 and 115.50. Japan's Ministry of Economy, Trade and Industry announced on Tuesday that Industrial Production expanded by 2.7% on a yearly basis in December, matching analysts' forecast.

Gold extended its rally and touched its highest level since June at $1,879. XAU/USD is consolidating its gains above $1,870 heading into the European session.

Bitcoin snapped a four-day losing streak on Monday and extended its rebound toward $44,000. Ethereum added 2% on Monday and was last seen rising more than 4% on the day at $3,050.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Feed news Join Telegram

Recommended content

Recommended content

Editors’ Picks

EUR/USD steadies near 1.0550, looks to post modest weekly gains

EUR/USD steadies near 1.0550, looks to post modest weekly gains

EUR/USD has lost its bullish momentum after having climbed above 1.0570 with the initial reaction to the US data in the American session and retreated toward the mid-1.0500s. On a weekly basis, the pair remains on track to close in positive territory. 


GBP/USD struggles to hold above 1.2300

GBP/USD struggles to hold above 1.2300

GBP/USD has edged lower following a jump above 1.2300 in the early American session on Friday. The market mood remains upbeat ahead of the weekend with Wall Street's main indexes posting strong daily gains on upbeat US data. 


Gold stays below $1,830 as US yields edge higher

Gold stays below $1,830 as US yields edge higher

Gold continues to fluctuate below $1,830 on Friday and looks to close the second straight week in negative territory. Fueled by the risk-positive market environment, the benchmark 10-year US Treasury bond yield is up more than 1% on the day, limiting XAU/USD's upside.

Gold News

Why Cardano could surprise over the weekend

Why Cardano could surprise over the weekend

ADA  set to close out the week with a gain on the workday trading week and over the weekend? Central banks signaled that the rate hike cycle is ending, meaning less stress and tight conditions for trading, opening up room for some upside potential with Cardano set to pop above $0.55 and test a significant cap.

Read more

FXStreet Premium users exceed expectations

FXStreet Premium users exceed expectations

Tap into our 20 years Forex trading experience and get ahead of the markets. Maximize our actionable content, be part of our community, and chat with our experts. Join FXStreet Premium today!