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[MARKET UPDATE]: Salesforce (CRM), Novo Nordisk (NOVOB DC), Accenture (ACN), Infosys (INFY), Spotify (SPOT), Intuit (INTU) shares moving higher as Anthropic announces its partners at new products event
FX option expiries for 24 February 10am New York cut
EUR/USD at the 1.1765 level. It isn’t one that ties to any technical significance, so the impact of the expiries is likely to be less pronounced. If anything, it could just act as a mini-magnet in holding price action in European morning trade amid the lack of other key risk events during the session.
- EURUSD below 1.18, GBPUSD below 1.35, USDJPY above 155, XAUUSD retreating from 5200+ and BTCUSD below 65K suggest demand for USD.
- With stocks trading cautiously, it is hard to see where the USD flows are going.
- So, perhaps it is a need for liquidty driving the price action and/or just some caution given AI disruption concerns and/or tariff uncertainty as markets look beyond a focus on Fed monetary policy for now or simply markets looking for a fresh theme to trade.
Newsquawk Daily US Opening News – 24th February 2026
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- European bourses slip as AI concerns hit European Banks; US equity futures rebound slightly.
- JPY dragged on reports PM Takaichi raised reservations about rate hikes to BoJ Governor Ueda; DXY slightly firmer.
- Gilts notch a fresh contract high into the TSC, USTs rangebound heading into heavy speaker docket.
- WTI and Brent mildly gains; Spot gold retreats from Monday’s best while Copper gains as mainland China returns.
- Looking ahead, highlights include US ADP Weekly, House Prices (Dec), Consumer Confidence (Feb), Dallas/Richmond Fed (Feb), Atlanta Fed GDP, NBH Policy Announcement, Speakers including ECB’s Lagarde, BoE’s Bailey, Greene, Taylor & Pill, Fed’s Goolsbee, Collins, Bostic, Waller, Cook & Barkin, Supply from the US, Earnings from Home Depot & Keurig Dr Pepper.
XAUUSD (GOLD) UPDATE
- I always pay attention to the price action around the ”50” level, such as today’s 5249 high that was followed by profit-taking that has seen it trade back below the pivotal 5200 level.
- Low so far 5145 vs 5141 support, key level 5122.
- Bottomline, less of a bid while below 5200 but only sub-5122 shifts the focus from this level.
XAUUSD 1 HOUR CHART
USDJPY UPDATE
- Sharp move up not yet fatal with a pause 1 pip shy of key 156.29 resistance. A firm break would put 156.63 on the radar.
- Keeps a bid while above 155.50-63 but only sub-155 would turn the risk back to the downside.
- Reports of possible political pressure on the BoJ to hold off raising rates undercuts the threat of intervention,
USDJPY 4 HOUR CHART
Forex Market Snapshot
- The dollar has traded a quiet session except for the JPY, which is down sharply vs the USD and on its crosses. This has seen USDJPY not only move above 155 but spike through 156 before pausing just shy of key 156.29 resistance.
Elsewhere,
- US stocks are up slightly after holding off a run at the downside yesterday
- XAUUSD has slipped below 5200 after rising sharply yesterday
- BTCUSD has made a firm break below 65K to put 60K on the radar.
US Data Duel ADP Weekly, House Prices (Dec), Consumer Confidence (Feb), Dallas/Richmond Fed (Feb)
February 23 Post-Market Earnings Release Stocks
(KEYS) Keysight Technologies reported a 27% revenue increase in its Communications Solutions Group and a 15% rise in the Electronic Industrial Solutions Group, driven by strong sector performance.
(HIMS) Hims & Hers Health, Inc. slid nearly 10% after-hours as the company’s 2026 revenue outlook came in below Wall Street expectations, reviving investor concerns around regulatory risk tied to compounded GLP-1 weight-loss drugs.
(BWXT) BWX Technologies, Inc. revenue grew 18% to $3.2B in 2025, with net income of $329M and strong backlog of $7.26B. Major acquisitions and new debt financing supported expansion, while government contracts and nuclear market demand remain key drivers.
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