Session Recap: USD consolidates gains ahead weekly close

Following the 7-month uptrend line support break at 1.3245, the EUR/USD fell to 1.3145, lowest since January 10th where the pair has used as current bottom. After that, the pair afford new bearish pressures on European mixed news and it has been trading in consolidation phase around 1.3180. However, the pair is trading 0.1% lower on the day.

GBP/USD recovered ground from Thursday lows at 1.5130 and currently is trading at 1.5245 after capping bullish attempt at 1.5315. The CAD is the worst performed as the USD/CAD as topped 8-month highs at 1.0255 on weak economic data. Nevertheless, the pair was rejected at this level and right now is pricing at 1.0215 in its wat to test the 1.0200 frontier.

Nothing to say about the USD/JPY that is trading in consolidating pattern between 93.20 and 93.50.

Main Headlines in America:

EURUSD broke the 7 month uptrend line support at Canada: CPI rose 0.5% YoY in January

Canada: Retail Sales fell 2.1% in December

Commodities Brief – Gold prices corralled ahead of FOMC

American equity markets open positively Friday

Forex: USD/CAD surges after Canadian CPI, retail sales

Session Recap: Dollar strong, EUR/USD weighed by LTRO payments

Fundamental Afternoon Wrap: Europe on edge as Italian vote looms on horizon

Forex: EUR/USD under 1.3160 again ahead of FOMC Powell

US Fed Powell and Rosengren on the wires

Forex: EUR/USD sidelined at 1.3160 after Fed officials' speeches

Euro finds no relief

European equity close: Nice and firm into the weekend

Forex: GBP/USD consolidates around 1.5250

Forex: USD/CAD backs away from 8-month high

US markets advancing firmly after German data, HP

USD/JPY probing the top of range

Forex: EUR/USD closes the week in the defensive zone

Forex:USD/CAD extends the correction lower

GBP/USD update