EUR/GBP is gaining intraday positive momentum following the release of weak employment data from the United Kingdom.

The Japanese yen has strengthened slightly against the U.S. dollar amid diverging policy views between the Bank of Japan and the Federal Reserve.

Dovish expectations regarding the Federal Reserve are keeping U.S. dollar bulls on the defensive and limiting the currency's upside. Traders also appear cautious and prefer to wait for Canada's consumer inflation data.

EUR/USD has been trading with a negative tone for the second consecutive day, though without clear confirmation of a sustained bearish trend. The U.S. dollar is holding onto the moderate gains achieved the previous day, while renewed expectations of an ECB rate cut are weighing on the euro.

USD/JPY: Tips for Beginner Traders on February 17th (U.S. Session)

==GBP/USD: Tips for Beginner Traders on February 17th (U.S. Session)

EUR/USD: Tips for Beginner Traders on February 17th (U.S. Session)

DJIA: the key risk remains an escalation of panic around artificial intelligence and its impact on traditional business models. However, given the Dow Jones's lower exposure to the technology sector and solid macro indicators, the index has a good chance of holding within current ranges and even resuming gains once the Federal Reserve's policy picture becomes clearer.

In case of a pullback towards the upper band of the downtrend channel around $70,000, this will be seen as a signal to open short positions with targets around the psychological level of $60,000.

In the coming hours, the euro is expected to reach the 200 EMAA around 1.1803 and could even return to early February levels around 1.1750.