{"id":128512,"date":"2026-02-17T12:38:05","date_gmt":"2026-02-17T10:38:05","guid":{"rendered":"https:\/\/ironfx-com.wp-dev.int.theitops.net\/?p=128512"},"modified":"2026-02-20T13:17:23","modified_gmt":"2026-02-20T11:17:23","slug":"usd-gains-while-thin-trading-conditions-may-apply","status":"publish","type":"post","link":"https:\/\/www.smartchinaeducation.com\/vi\/usd-gains-while-thin-trading-conditions-may-apply\/","title":{"rendered":"USD gains while thin trading conditions may apply"},"content":{"rendered":"<h2 class=\"wp-block-heading\" id=\"h-usd-rises-amidst-thin-trading-conditions\"><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong>USD rises amidst thin trading conditions<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/h2>\n\n\n\n<p>The <strong>USD <\/strong>was on the rise in the <strong><a href=\"https:\/\/www.ironfx.com\/markets\/forex\/\" target=\"_blank\" rel=\"noreferrer noopener\">FX market<\/a><\/strong> yesterday, and during today\u2019s Asian session, <strong>thin trading conditions<\/strong> tend to apply in the markets, given the US and Canadian public holidays yesterday and the Lunar New Year celebrated across Asia today. <\/p>\n\n\n\n<p><a href=\"https:\/\/www.ironfx.com\/markets\/\" target=\"_blank\" rel=\"noreferrer noopener\">The markets<\/a> are increasingly awaiting the release of the <strong>Fed\u2019s January meeting minutes<\/strong> tomorrow and the preliminary <strong>US GDP rates<\/strong> for Q4 on Friday, as well as the <strong>US PCE rates<\/strong> for January on the same day.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-december-uk-employment-data-weigh-on-the-pound\"><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong>December UK employment data weigh on the pound<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/h2>\n\n\n\n<p>The release of the <strong>UK employment data<\/strong> for December showed an unexpected <strong>easing <\/strong>of the UK employment market, and the release <strong>weighed <\/strong>on the <strong>pound <\/strong>as it lost notable ground against the USD, EUR and JPY, showing signs of a wider weakness. <\/p>\n\n\n\n<p>In tomorrow\u2019s early European session, we highlight the release of the <strong>UK CPI rates<\/strong> for January, and should there be a possibly wider than expected slowdown of the rates being reported, we may see the sterling tumbling.\u00a0<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-us-stock-markets-on-the-retreat\"><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong>US stock markets on the retreat<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/h2>\n\n\n\n<p>Despite yesterday\u2019s US public holiday, <strong><a href=\"https:\/\/www.ironfx.com\/markets\/shares\/\" target=\"_blank\" rel=\"noreferrer noopener\">US equities<\/a><\/strong> seem to be on the retreat as market worries for the oversized investments of US <strong>mega-cap tech<\/strong> companies in <strong>Artificial Intelligence<\/strong>, <a href=\"https:\/\/www.ironfx.com\/canadas-january-cpi-rates-in-focus\/\" target=\"_blank\" rel=\"noreferrer noopener\">continue to tantalise the markets<\/a>. <\/p>\n\n\n\n<p>We highlight today\u2019s American opening as a moment of truth for <strong>US equities<\/strong> as the markets restart their engines after the holiday.\u00a0\u00a0\u00a0<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-bitcoin-continues-to-wobble\"><strong><strong><strong>Bitcoin continues to wobble<\/strong><\/strong><\/strong><\/h2>\n\n\n\n<p>In the <strong>crypto market<\/strong>, <strong>Bitcoin\u2019s <\/strong>price action continued to <strong>wobble <\/strong>without clear direction, and we still view its movement resembling more like equities rather than safe havens. <\/p>\n\n\n\n<p>We expect that should a wider <strong>risk-off market sentiment<\/strong> emerge, Bitcoin\u2019s price could react negatively as it considered a riskier asset in the markets.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-other-highlights-for-today\"><strong>Other highlights for today<\/strong><\/h2>\n\n\n\n<p>Today we get Germany\u2019s <strong>ZEW indicators<\/strong> for February, and Canada\u2019s delayed release of the CPI rates for January. On a <strong>monetary level<\/strong>, we note that Fed Board Governor <strong>Barr <\/strong>and San Francisco Fed President <strong>Daly <\/strong>are speaking. <\/p>\n\n\n\n<p>In tomorrow\u2019s Asian session, we get Japan\u2019s <strong>trade data<\/strong> for January, <strong>Australia\u2019s <\/strong>Wage Price for Q4 and in New Zealand <strong>RBNZ <\/strong>releases its interest rate decision, which is expected to remain on hold, yet a possibly dovish tone could weigh on the <strong>Kiwi (Kiwi) <\/strong>and vice versa.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-charts-to-keep-an-eye-out\"><strong><strong>Charts to keep an eye out<\/strong><\/strong><\/h2>\n\n\n\n<p><strong><u>GBP\/USD<\/u> <\/strong>dropped in today\u2019s European session breaking the 1.3590 (R1) <strong>support line<\/strong> now turned to <strong>resistance<\/strong>. Yet the <strong>RSI indicator<\/strong> remained near the reading of 50, implying a relative indecisiveness on behalf of market participants. <\/p>\n\n\n\n<p>For the time being we expect the <strong>sideways motion<\/strong> to continue yet warn for any <strong>bearish tendencies<\/strong> of <strong>cable<\/strong>. Should the <strong>bears <\/strong>actually take over we may see <a href=\"https:\/\/www.ironfx.com\/markets\/forex\/\" target=\"_blank\" rel=\"noreferrer noopener\">GBP\/USD<\/a> aiming if not breaching the 1.3385 (S1) support line. <\/p>\n\n\n\n<p>Should the <strong>bulls <\/strong>take over, we may see the pair reversing today\u2019s losses, breaking the 1.3590 (R1) resistance line and start aiming for the 1.3790 (R2) resistance level. \u00a0\u00a0\u00a0<\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">BTC\/USD<\/span> <\/strong>continued to wobble just above the 66750 (S1) support line yesterday and during today\u2019s Asian session edged a bit lower. <\/p>\n\n\n\n<p>We maintain currently a bias for the crypto\u2019s sideways motion to continue, yet we highlight the possibility of a bearish movement as the RSI indicator remains near the reading of 30, implying a continuance of the market\u2019s bearish sentiment. <\/p>\n\n\n\n<p>For a bearish outlook to emerge we would require the crypto\u2019s price action to break the 66750 (S1) support line and continue to also break the 60000 (S2) support barrier. <\/p>\n\n\n\n<p>For a bullish outlook to be adopted, the <strong>crypto-king\u2019s<\/strong> <strong>price action<\/strong> has to break the 74560 (R1) resistance line clearly and start aiming for the 81160 (R2) resistance hurdle.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-gbp-usd-daily-chart\"><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong>GBP\/USD Daily Chart<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"624\" height=\"289\" src=\"\/wp-content\/uploads\/2026\/02\/gbp-usd-daily-chart.png\" alt=\"support at one point three three eight five and resistance at one point three five nine, direction sideways   \" class=\"wp-image-128516\" title=\"xau-usd-daily-chart\"\/><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Support: 1.3385 (S1), 1.3190 (S2), 1.3010 (S3)<\/li>\n\n\n\n<li>Resistance: 1.3590 (R1), 1.3790 (R2), 1.3980 (R3)<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-btc-usd-daily-chart\"><strong><strong><strong><strong><strong><strong><strong><strong><strong>BTC\/USD Daily Chart<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"624\" height=\"289\" src=\"\/wp-content\/uploads\/2026\/02\/btc-usd-daily-chart-4.png\" alt=\"support at sixty six thousand seven hundred and fifty and resistance at seventy four thousand five hundred and sixty, direction sideways\" class=\"wp-image-128518\" title=\"eur-usd-daily-chart\"\/><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Support: 66750 (S1), 60000 (S2), 49200 (S3)<\/li>\n\n\n\n<li>Resistance: 74560 (R1), 81160 (R2), 88000 (R3)&nbsp;<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"830\" height=\"204\" src=\"\/wp-content\/uploads\/2026\/02\/benchmark-daily-17022026-daily-analysis-report.png\" alt=\"USD gains shown in bar chart of daily benchmark currency changes, with USD\/CAD up 0.16% and losses for AUD, GBP and other currencies.\" class=\"wp-image-128519\"\/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"752\" height=\"753\" src=\"\/wp-content\/uploads\/2026\/02\/financial-calendar-17022026-analysis-daily.png\" alt=\"Table summarizing economic releases for Tuesday and Wednesday, detailing indicators, regions, periods, actual values, and impacts.\" class=\"wp-image-128520\"\/><\/figure>\n\n\n\n<p>Disclaimer:<br>This information is not considered as investment advice or an investment recommendation, but instead a marketing communication. IronFX is not responsible for any data or information provided by third parties referenced, or hyperlinked, in this communication.<\/p>\n\n\n\n<p><\/p>","protected":false},"excerpt":{"rendered":"<p>USD weakened despite favorable data The selling momentum for the USD in the FX market was maintained yesterday, given the<\/p>","protected":false},"author":15,"featured_media":107933,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-128512","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","blog-category-financial-news","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>USD gains while thin trading conditions apply<\/title>\n<meta name=\"description\" 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