Today's hot financial news

The US Dollar had a slight setback after a strong rise triggered by CPI data, easing some of the recent downward pressure. Today's agenda in the US includes Retail Sales, the Philly Fed Manufacturing Index, Industrial Production, Initial Jobless Claims, Business Inventories, Net Long-term TIC Flows, and the NAHB Housing Market Index. FOMC members Bostic and Waller will also give speeches.

In currency markets on February 15:

Australia's Unemployment Rate for January stands at 4.1%, with Employment Change at 0.5K. AUD/USD is trading between 0.6471 and 0.6512 after stabilizing yesterday.

NZD/USD shows slight gains early in the Asian session as the USD Index (DXY) falls from three-month highs near 105.00. RBNZ Governor Orr's speech on Friday might impact the Kiwi. Currently, NZD/USD trades at 0.6085.

EUR/USD rebounds slightly from 1.0700 but faces pressure from a stronger USD after Wednesday's US inflation data. ECB President C. Lagarde will speak, and Eurozone Balance of Trade results are expected.

It's a busy day in the UK with GDP, Trade Balance, Industrial Production, and Manufacturing Production figures due. GBP/USD trades just above 1.2541, lacking upward momentum ahead of major economic reports.

USD/JPY pauses its climb after hitting Year-To-Date highs at 150.88. Investors are monitoring economic news for clues about its next move.

In commodities:

Gold struggles below $2,000 after stronger-than-expected US inflation data, although lower US bond yields and a weaker USD might offer some support.

Silver attracts some buyers after briefly dipping below $22.00 per ounce, aiming for the $22.74 resistance level.

In US Stocks:

The Industrials sector leads gains, propelling the S&P500 towards the $5,000 mark and testing the 50-day moving average for another upward push. The NASDAQ recovers $17,800 as investors keep an eye on market-moving news today.

The US Dollar holds its ground fairly well, but challenges persist from profit-taking and broader market uncertainties. Future data releases and Fed-related updates will play a vital role in shaping its direction ahead.

Rich Smart Forex Trader

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Rich Smart Forex Trader

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