Posted at 24 February 2026 / Categories Market Roundups
Market Roundup
• French 12-Month BTF Auction: 2.055%, 2.040% previous.
•French 3-Month BTF Auction: 2.008%, 2.004% previous.
•French 6-Month BTF Auction: 2.027%, 2.026% previous.
•US Factory Orders (MoM) (Dec): -0.7%, -0.4% forecast, 2.7% previous.
•US Factory Orders Ex Transportation (MoM) (Dec): 0.4%, 0.1% previous.
•US Durables Excluding Transport (MoM) (Dec): 1.0%, 0.9% previous.
•US Durables Excluding Defense (MoM) (Dec): -2.4%, -2.5% forecast, -2.5% previous.
•US Dallas Fed Mfg Business Index (Feb): 0.2, -1.2 previous.
•US 3-Month Bill Auction: 3.590%, 3.600% previous.
•US 6-Month Bill Auction: 3.525%, 3.500% previous.
Looking Ahead Economic Data (GMT)
• 01:00 China PBoC Loan Prime Rate (Feb) 3.50% forecast, 3.50% previous.
• 01:00 China PBoC Loan Prime Rate 3.00% forecast,3.00% previous.
Looking Ahead Events And Other Releases (GMT)
•No Events Ahead
Currency Forecast
EUR/USD : The euro edged higher on Monday after the Supreme Court of the United States struck down most of President Donald Trump’s tariffs, a move traders viewed as supportive for global growth. However, lingering confusion over trade policy and rising tensions in the Middle East kept gains modest.The court ruled on Friday that Trump’s sweeping tariffs exceeded his authority. In response, he criticized the decision and announced a blanket 15% levy on imports, while maintaining that higher-tariff agreements with trade partners should remain in place.Beyond trade issues, investors are also monitoring a U.S. military buildup in the Middle East aimed at pressuring Iran over its nuclear ambitions. Markets are additionally focused on Trump’s upcoming State of the Union address on Tuesday for further policy signals. Immediate resistance can be seen at 1.1872(38.2%fib), an upside break can trigger rise towards 1.1974(Jan 30th high).On the downside, immediate support is seen at 1.1783(SMA 20), a break below could take the pair towards 1.1724(50%fib).
GBP/USD: The pound edged higher on Monday but gains remained limited as investors assessed the impact of the U.S. Supreme Court’s decision to strike down tariffs and political uncertainty ahead of a parliamentary by-election. Over the weekend, U.S. President Donald Trump announced a new 15% levy on all imports after the Supreme Court of the United States ruled against his global tariff measures on Friday.For the UK, the proposed rate would mark an increase from 10%, potentially weighing on market sentiment. The court’s landmark decision invalidated the sweeping tariffs introduced under a national emergency law, dealing a significant setback to Trump and carrying broad implications for the global economy. Immediate resistance can be seen at 1.3663(38.2%fib), an upside break can trigger rise towards 1.3733(Feb 4th high).On the downside, immediate support is seen at 1.3583 (SMA 20), a break below could take the pair towards 1.3512(50%fib).
USD/CAD: The Canadian dollar edged lower against its U.S. counterpart on Monday as uncertainty over U.S. trade policy dampened investor sentiment, though losses were limited ahead of domestic GDP data due later this week. U.S. President Donald Trump cautioned countries against stepping back from recently negotiated trade agreements after the Supreme Court of the United States struck down his emergency tariffs.Oil prices, a key driver for Canada’s export-heavy economy, slipped 0.3% to $66.29 a barrel as the U.S. and Iran prepared for a third round of nuclear talks.The loonie was trading 0.1% lower at 1.3690 per U.S. dollar, or 73.05 U.S. cents, after moving in a range of 1.3649 to 1.3700. Immediate resistance can be seen at 1.3753(Higher BB), an upside break can trigger rise towards 1.3761(50%fib).On the downside, immediate support is seen at 1.3678(50%fib), a break below could take the pair towards 1.3629(SMA 20).
USD/JPY: The U.S. dollar weakened on Monday as renewed tariff threats from President Donald Trump dented confidence in the greenback. Uncertainty intensified after the Supreme Court of the United States struck down his emergency tariffs. Trump initially proposed a 10% global levy before unexpectedly raising it to 15%.In Friday’s ruling, the court invalidated his sweeping tariffs imposed under a national emergency law, limiting one of his most controversial executive actions with significant global economic implications. The decision fueled concerns that U.S. trade agreements could unravel, although senior officials maintained that existing deals would remain intact. Immediate resistance can be seen at 155.00(Psychological level) an upside break can trigger rise towards 156.19(38.2%fib) .On the downside, immediate support is seen at 153.98 (50%fib) a break below could take the pair towards 152.82 (Feb 18th low).
Equities Recap
European shares declined on Monday as fresh uncertainty over U.S. trade policy unsettled markets following President Donald Trump’s announcement of a new blanket tariff rate.
UK's benchmark FTSE 100 closed down by 0.02 percent, Germany's Dax ended down by 1.09 percent, France’s CAC finished the day down by 0.22 percent.
Wall Street stocks slumped on Monday as persistent concerns over AI-driven disruption and the fallout from Friday’s ruling by the Supreme Court of the United States prompted investors to pull back from high-risk equities.
Dow Jones closed down by 1.66 % percent, S&P 500 closed down by 1.02 % percent, Nasdaq settled down by 1.13% percent
Commodities Recap
U.S. gold futures for April delivery settled 2.8% higher at $5,225.60. Spot gold XAU= eased 0.07% to $5,227 an ounce and silver rose 0.02% to around $88.19 per ounce
Oil prices edged lower on Monday but held near a six-month high ahead of a third round of nuclear talks between the U.S. and Iran, while lingering uncertainty from the latest U.S. tariff turmoil kept markets cautious.
Brent crude futures settled 27 cents, or 0.38%, at $71.49 a barrel, while U.S. West Texas Intermediate crude fell 17 cents, or 0.26%, to $66.31.