Daily market news

The EUR/USD pair faced a setback on Friday, declining by 0.44% to settle near 1.0450 after encountering firm resistance at the 100-day Simple Moving Average (SMA) around 1.0540.

The GBP/USD registers losses during the North American session after testing the 100-day Simple Moving Average (SMA) at 1.2658.

The AUD/USD pair faces selling pressure around 0.6400 in North American trading hours on Friday.

Silver price (XAG/USD) faces selling pressure above the key level of $33.00 in North American trading hours on Friday.

The USD/CAD pair gains to near the key resistance of 1.4200 in European trading hours on Friday.

EUR/USD slides to near 1.0470 in Friday’s European session.

The EUR/JPY pair gives up half of its intraday gains and falls to near 157.50 from the intraday high of 158.23 in European trading hours on Friday.

West Texas Intermediate (WTI) Oil price falls on Friday, according to FXStreet data.

Here is what you need to know on Friday, February 21: The action in financial markets quiets down on Friday as investors await preliminary February Manufacturing and Services Purchasing Managers' Index (PMI) data from Germany, the Eurozone, the UK and the US.

NZD/USD holds loses following approximately 1% gains registered in the previous session, trading around 0.5760 during the Asian hours.