ForexLive European FX news wrap: Dollar steady as risk shrugs off Trump's tariff threats ...Middle East

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ForexLive European FX news wrap: Dollar steady as risk shrugs off Trumps tariff threats

Headlines:

Weekly update on interest rate expectationsGold Technical Analysis – Tariffs are back on the menuCan gold extend its winning streak to seven weeks?ECB's de Guindos: It is very important to avoid a trade warEurozone February Sentix investor confidence -12.7 vs -16.3 expectedSNB total sight deposits w.e. 7 February CHF 438.1 bn vs CHF 441.9 bn priorEU is ready to push the trigger in response to Trump, says French foreign ministerEU's von der Leyen to meet with US VP Vance on TuesdayChina says will place greater emphasis on boosting consumption

Markets:

    USD leads, JPY lags on the dayEuropean equities higher; S&P 500 futures up 0.4%US 10-year yields up 1 bps to 4.496%Gold up 1.5% to $2,904.46WTI crude up 1.3% to $71.92Bitcoin up 1.1% to $97,592

    EUR/USD was holding around 1.0290 levels before moving up to 1.0330 during the session and then back down now to 1.0315. Similarly, GBP/USD was around 1.2380 before pushing up to 1.2410 and then now returning back to 1.2385, down slightly on the day.

    here. It's a bit of a familiar feeling as we also saw similar moves last week.

    As we look to US trading later, Trump headlines will continue to be the thing to watch before the focus shifts towards US data later in the week.

    This article was written by Justin Low at www.forexlive.com.

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