FX MARKET REPORT 26.02.2021

FX MARKET REPORT 26.02.2021

FX MARKET REPORT 26.02.2021

Daily Commentary
FX MARKET REPORT 26.02.2021
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FX MARKET REPORT 26.02.2021

GBP/USD remained under some selling pressure for the second straight session on Friday. The intraday downtrend managed to find some support near the 1.3900 confluence level. Mixed technical indicators warrant some caution before placing aggressive directional bets. EUR/USD comes under pressure and returns to 1.2130.The dollar bounces off lows on the back of higher yields.US PCE takes centre stage later in the NA session. EUR/USD reverses two consecutive daily builds, including fresh multi-week highs around 1.2240 recorded on Thursday, and returns to the 1.2150 region on Friday. The sharp and sudden pick up in yields of the US 10-year benchmark prompted investors to favour the greenback vs. extending the rally in the risk complex, at least in the very near-term. Dollar Index was up 0.4% at 90.468, also higher for the week and only 0.2% lower this month.

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GBP/USD remained under some selling pressure for the second straight session on Friday. The intraday downtrend managed to find some support near the 1.3900 confluence level. Mixed technical indicators warrant some caution before placing aggressive directional bets. EUR/USD comes under pressure and returns to 1.2130.The dollar bounces off lows on the back of higher yields.US…

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