As February 2025 comes to an end, global forex markets are reacting to shifting central bank policies, inflation trends, and geopolitical risks. Traders are watching major currency pairs closely as volatility increases across multiple regions.

Below is a summary of the most relevant forex pairs, their current dynamics, and what to monitor in the coming weeks.

EUR / USD

The euro continues to show moderate strength after the European Central Bank’s cautious stance earlier in February.
Inflation data in the Eurozone came in slightly below expectations, fueling speculation that rate cuts could begin in Q2.

Meanwhile, the U.S. dollar is under mixed pressure as traders weigh the possibility of a Federal Reserve rate pause.

Technical view: EUR/USD remains between 1.0770 and 1.0930, with support near 1.0800. A break above 1.0950 could open the way toward 1.10 in the short term.

Risks to watch: ECB comments on inflation, U.S. GDP revisions, and Fed meeting minutes.

GBP / USD

The British pound has shown resilience supported by strong U.K. employment data and moderate inflation.
However, expectations of slower growth in Q1 continue to limit gains.

Technical view: GBP/USD trades in a consolidation channel between 1.2520 and 1.2700. Bulls are watching for a breakout above 1.2730, while a drop below 1.2480 could trigger short-term weakness.

Risks: Bank of England policy updates and any changes in risk sentiment due to global macro data.

USD / JPY

The Japanese yen remains one of the most discussed currencies this month.
After reaching levels near 151.50, speculation about potential Bank of Japan intervention has increased.

Despite modest inflation progress in Japan, the BoJ has reiterated its ultra-loose policy for now.

Technical view: USD/JPY fluctuates between 149.50 and 151.50. Traders should monitor volatility spikes in case of unexpected central bank comments.

Risks: BoJ policy signals, U.S. Treasury yield movements, and global risk sentiment.

AUD / USD

The Australian dollar is recovering slightly after weak economic data earlier in the month.
Commodity prices, particularly copper and iron ore, have supported short-term buying interest.

Technical view: AUD/USD trades around 0.6550, with resistance near 0.6620 and support around 0.6480.
A sustained break above 0.6620 could confirm a bullish reversal pattern.

Risks: Chinese trade figures, RBA rate outlook, and global commodity demand.

USD / CAD

The Canadian dollar continues to be influenced by oil price movements.
Crude oil has stabilized around $80 per barrel, giving the CAD some short-term strength.

Technical view: USD/CAD remains capped below 1.3530, with support at 1.3440.
A break below 1.3420 could signal further CAD appreciation.

Risks: OPEC policy headlines, Canadian GDP data, and U.S. energy reports.

Conclusion

February 2025 has been marked by mixed macro signals and cautious central banks.
While volatility remains moderate, traders should prepare for sharper movements heading into March as key inflation and employment reports are released.

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