Latest data released by the SNB - 17 February 2025

The USDCHF pair sold off following a higher Swiss Core CPI and a benign US PPI. What’s next?

What should brokers consider when it comes to sourcing their back-office software in 2025 and beyond?

The Pound Sterling (GBP) trades steady against its major peers at the start of the week as investors turn cautious ahead of the United Kingdom (UK) employment data for three months ending December, which will be released on Tuesday.

The highlights of the week include inflation data for U.K. and Canada, along with RBA and RBNZ monetary policy announcements

Explore how Forex trading technology and crypto brokerage solutions like B2CORE are transforming access and operations in the financial markets.

The USDJPY pair continues to drift lower amid falling Treasury yields and strong Japanese data. What’s next?

Stocks in Europe are aiming for eight successive weeks of gains

Here is what you need to know on Monday, February 17: Major currency pairs trade near the previous week's closing levels on Monday as trading conditions remain thin, with financial markets in the US remaining closed in observance of the Presidents' Day holiday.

Doo Group, which obtained a Cyprus license late last year, has opened a new office in Limassol, the financial hub of the Mediterranean island.

Airwallex expands into LatAm with Mexpago acquisition and Brazilian approval, boosting global ambitions. Profits soar as transactions hit $130B.

. The New Zealand’s market watchdog has uncovered an extensive network of fraudulent online trading platforms operating a sophisticated investment scam targeting global investors.

Spoiler alert: there's nothing on the agenda

West Texas Intermediate (WTI) Oil price advances on Monday, according to FXStreet data.

Light changes ahead of the open today

NZD/USD extends its winning streak for the third successive day, trading around 0.5740 during the early European hours on Monday.

The USD/CAD pair remains on the defensive around 1.4175 on Monday during the early European session.

Nasdaq futures are nearing a pivotal technical price level—the all-time high (ATH) of 22,425.75—a key threshold attracting the attention of traders, algorithms, and institutional players.

The pair is down 0.5% to 151.61 currently

FX option expiries for Feb 17 NY cut at 10:00 Eastern Time via DTCC can be found below.

The USD/CHF pair extends its decline to around 0.8990 during the early European session, pressured by the weaker US Dollar (USD).

US markets are closed today

A look at what is on the board for today

EUR/GBP retraces its recent gains from the previous session, trading around 0.8330 during Monday's Asian hours.

Forex news for Asian trading on Monday, February 17, 2025

Tertiary Industry Activity Index improved

EUR/JPY gives up gains from the previous session, trading around 159.10 during the Asian hours on Monday.

Xi spoke at the event - not a lot of detail around

It's a US holiday on Monday but these three are speaking

BoJ forecast of a hike in May and October in 2025 and an additional hike in 2026.

The NZD/USD pair attracts buyers for the third successive day on Monday and climbs to a two-month peak, around the 0.5750 area during the Asian session amid the prevalent US Dollar (USD) selling bias.

West Texas Intermediate (WTI) Oil price rebounds from losses in the previous session, trading around $70.60 per barrel during Monday’s Asian hours.

Japanese Chief Cabinet Secretary Yoshimasa Hayashi noted on Monday that “Japan faces significant challenges if its companies become targets amid US President Donald Trump's policies; the government will respond carefully to potential impacts.” Additional quotes Exports, particularly in services, demonstrated growth, counterbalancing the decline in domestic demand, while the year's value rose by 2.9% year-on-year, exceeding 609.3 trillion yen for the first time.

The Japanese Yen (JPY) strengthened across the board following the release of a strong Gross Domestic Product (GDP) report, which showed that Japan’s economic growth blew past expectations in the fourth quarter.

Otherwise bullish on Japan's economy

The Indian Rupee (INR) weakens on Monday, snapping the two-day winning streak.

Speaking at the AlUla Conference for Emerging Market Economies in Saudi Arabia on Sunday, People's Bank of China (PBOC) Governor Pan Gongsheng said that the central bank “will continue to let the market play a decisive role in deciding the Yuan exchange rate.” Additional quotes Emphasized that a stable yuan is crucial for global financial and economic stability.

JPY jumped on strong GDP data

People's Bank of China governor Pan Gongsheng

Kevin Hassett, Director of the US National Economic Council (NEC), revealed in an interview with CBS' Face The Nation early Monday he is having regular meetings with Federal Reserve (Fed) Chairman Jerome Powell.