U.S. Dollar Retreats As CB Consumer Confidence Misses Estimates: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

By:

Vladimir Zernov

Published: Feb 25, 2025, 16:45 GMT+00:00

Key Points:

EUR/USD moved towards the 1.0500 level as traders focused on U.S. economic data.
USD/CAD gained ground as traders reacted to the sell-off in commodity markets.
USD/JPY pulled back below the 149.00 level as Treasury yields moved lower.

In this article:

EUR/USD

GBP/USD

USD/CAD

USD/JPY

U.S. Dollar Is Under Pressure After Weak CB Consumer Sentiment Report

DXY 250225 4h Chart

U.S. Dollar Index pulls back as traders react to the weaker-than-expected CB Consumer Confidence report. The report showed that CB Consumer Confidence decreased from 104.1 in January to 98.3 in February, compared to analyst forecast of 102.5.

If U.S. Dollar Index pulls back below the 106.00 level, it will move towards the nearest support level at 105.50 – 105.70.

EUR/USD Tests Resistance At 1.0515 – 1.0530

EUR/USD 250225 4h Chart

EUR/USD tests resistance at 1.0515 – 1.0530 as traders focus on general weakness of the American currency.

In case EUR/USD settles above the 1.0530 level, it will move towards the next resistance at 1.0585 – 1.0600.

GBP/USD Attempts To Settle Above The 1.2650 Level

GBP/USD 250225 4h Chart

GBP/USD found strong support in the 1.2600 – 1.2615 range and is trying to settle above the 1.2650 level.

In case this attempt is successful, GBP/USD will head towards the resistance at 1.2715 – 1.2730. RSI is in the moderate territory, and there is plenty of room to gain momentum in case the right catalysts emerge.

USD/CAD Tests New Highs Amid Strong Sell-Off In Commodity Markets

USD/CAD 250225 4h Chart

USD/CAD is moving higher as traders react to the sell-off in commodity markets. Other commodity-related currencies have also found themselves under pressure in today’s trading session.

The nearest resistance level for USD/CAD is located in the 1.4330 – 1.4350 range. If USD/CAD climbs above the 1.4350 level, it will head towards the next resistance level at 1.4485 – 1.4500.

USD/JPY Pulled Back Below 149.00 As Treasury Yields Tested New Lows

USD/JPY 250225 4h Chart

USD/JPY tests new lows as Treasury yields pull back. The yield of 2-year Treasuries declined below the 4.10% level, while the yield of 10-year Treasuries settled below 4.30%.

A move below the 149.00 level opens the way to the test of the next support level, which is located in the 146.50 – 147.00 range.

For a look at all of today’s economic events, check out our economic calendar.

About the Author

Vladimir Zernovauthor

In more than 15 years of trading in the financial markets, Vladimir dealt with a wide range of brokers and financial instruments. His career as a day-trader at a proprietary trading firm goes back to 2007. Later, Vladimir turned to longer time frames and became an independent trader and analyst managing his own portfolio. Using his experience, he helps traders find the best broker in his reviews.