Top daily news
Forex news
The Dollar weakening is intact currently ahead of Federal Reserve chair Powell’s semi-annual testimony before the Senate Banking Committee today scheduled for 16:00 CET. The live dollar index data show the ICE US Dollar index, a measure of the dollar’s strength against a basket of six rival currencies, shed 0.3% Monday.
Both EUR/USD and GBP/USD accelerated climbing Monday as the Ifo Institute reported Germany’s business sentiment improved in February. Both euro and Pound are higher currently against the Dollar. AUD/USD slowed its rising as USD/JPY speeded up its sliding yesterday with Australian dollar little changed against the greenback currently while yen is gaining.
Stock Market news
Futures on three main US stock indexes are higher currently ahead of the Conference Board Consumer Confidence report today due at 16:00 CET. The three US main stock benchmarks ended mixed Monday recording returns ranging from -2.5% to +0.1% with losses led by technology shares.
European stock indexes are rising currently after ending lower yesterday led by tech stocks. Asian indexes are mixed today with Hong Kong’s Heng Seng Index leading the gains with Tokyo markets closed for holidays.