Wednesday February 19 Data: US January building permits, housing starts, February New York Fed services business activity, China January new and used home prices, UK January CPI, RPI, PPI, December house price index, Italy December current account balance, ECB December current account Central banks: Fed's FOMC minutes, Jefferson speaks, RBNZ decision, BoJ's Takata speaks Earnings: HSBC, Analog Devices, Rio Tinto, Glencore, Carvana, BAE Systems, Vale, Carrefour, Etsy Auctions : US 20-year Bonds ($16bn)
GBP/USD news: ?The Pound Sterling edges higher against its major counterparts following the release of the UK's Consumer Price Index (CPI) data for January, which revealed that inflation rose at a faster-than-expected ?However, the impact of elevated inflation is unlikely to provide sustained support for the British currency. The Bank of England (BoE) has already indicated in its latest monetary policy statement that inflation may rise temporarily due to increasing energy costs before gradually returning to the 2% target. On Monday, BoE Governor Andrew Bailey stated in an interview with BusinessLine that the anticipated inflation surge is unlikely to be persistent, emphasizing that the economy’s sluggish growth could counter inflationary pressures ?Nonetheless, rising inflation could limit the BoE’s ability to implement further monetary easing. Investors will now shift their focus to the UK Retail Sales data for January and the preliminary S&P Global/CIPS Purchasing Managers Index (PMI) figures for February ?Meanwhile, renewed concerns over US tariffs could strengthen the US Dollar. On Tuesday, President Donald Trump announced plans to impose a 25% tariff on imports of automobiles, semiconductors, and pharmaceuticals, with the possibility of further increases in the coming year. Such measures could weigh on glob Personal opinion: ?GBP will continue to rise in the near future after being supported by positive economic data, although Trump's upcoming tariff policy may increase the strength of the dollar, but in the long term these tariff policies may weaken the dollar. This may make investors consider carefully, causing the dollar to continue to decline in the near future Technical analysis: ?Based on important resistance - support levels combined with SMA indicator to come up with a suitable strategy Plan: ?Price Zone Setup: ?BUY GBP/USD 1.2600 – 1.2580 ❌SL: 1.2540 | ✅TP: 1.2630 – 1.2700 – 1.2750 FM wishes you a successful trading day ???
Red is selling range (98-100k), green is buying range (88-85k) I believe past 30 days price action does not show enough strenght to go up yet, thus needs more correction before reversing upside
? XAU/USD Analysis Update ? ? Breakout Alert! ? XAU/USD has successfully broken through its resistance zone and is now eyeing further bullish movement. ? Current Resistance Zone: 2942 ? Immediate Target: 2944 ? Technical Target: 2990 ⚖️ Support Zone: 2885 With the breakout in play, expect more bullish momentum to drive the price higher. Keep an eye on 2942 as the key resistance, with 2944 offering a short-term focus. If the price continues upward, 2990 could be the next milestone. ? Pro Tip: Keep your stop-loss around 2885 to manage risk and watch for any pullbacks around the resistance zones. Stay focused and trade smart! ??
Hey there My friend SIGNAL ALERT BUY GBPUSD | 1,25910 ?TP1: 1,26100 ?TP2: 1,26250 ?TP3: 1,26414 ?SL: 1,25611 RISK REWARD - 1,66
EUR/USD Technical Analysis – February 19, 2025 The price is rejecting from the pivot line at 1.0469, confirming bearish momentum after failing to sustain above the key level. Technical Outlook Bearish Scenario: As long as the price trades below 1.0469, the downtrend remains valid, targeting 1.0399. A break below this level could extend losses toward 1.0367 and 1.0288. Bullish Scenario: To reverse the bearish momentum, EUR/USD must break back above 1.0469, which could trigger an upward move toward 1.0520 and 1.0605. Key Levels to Watch ? Pivot Point: 1.0436 ? Resistance Levels: 1.0520, 1.0605 ? Support Levels: 1.0390, 1.0367, 1.0288 ? Directional Bias: The price is expected to drop toward 1.0399 while trading below 1.0469. A break below 1.0399 confirms further downside movement. ? Will EUR/USD hold below 1.0469 for further downside, or reclaim the level for a reversal? Drop your thoughts! ??
Something big is brewing. Eur/Usd has been in a downtrend since 2008. Time for this downtrend start reversing. Waiting for 0.786 fib at 0.99$ and then i think Eur/Usd will start reversing . Might also see going up from here . Overall 2026 does not seem very promising for dollar . A new event of things that will effect the economy most likely to happen. Soon we will be able to see what the donalt trump administration is going to do.
Gold fell briefly under the double top pressure at the high point of 2942, and then took a small wave of correction. Yesterday, it rose again and the price approached 2940. It has been trading sideways at a high level from the opening of the market this morning to the afternoon. Will the market form a three-top top pattern or will it hit the 3000 mark? From a technical point of view, the strong in the bull market often encounters resistance. Generally, it will be tested many times and form a break-up and rising market. The magnitude of the suppression of the decline will not be too large, so the resistance of the bull trend market is used to break the position. The probability of winning by following the trend is far greater than that of winning by going short against the trend. If you look at the three-top top pattern near 2942, the price will generally fall rapidly after touching it, and close with a long upper shadow line. Only when it meets this pattern can you see the top. But now it is obviously not. Instead, it continues to fluctuate sideways near the high point, accumulating momentum to rise. It is only a matter of time before it breaks. The probability of breaking today is very high, and it may set a new high and point directly to the 3000 mark. If the European market goes up and falls back in the evening, there will be a second rise. It's just that the price is hard to find here. You can focus on the 2930 line to be bullish, or you can go long without waiting for a pullback and see a breakout and rise. The watershed is 2924. If it falls below this position today, it will be meaningless to be bullish. The upper pressure is 2950-2960! If it breaks the high, it will continue to rise in the evening. If it falls back, it can rise again. In terms of trading, yesterday's intraday fluctuations rose, the European session was long at 2908, and the profit was successfully stopped at 2919 in the evening, winning 11 US dollars. After the long order stopped profit at 2919, it was directly shorted. The US session continued to rise and the stop loss was at 2926, losing 7 US dollars; two orders made a profit and one loss, making a small profit of 4 US dollars.
Dear Traders. old is continuing its trend without correction. Considering the breaking of the ceiling, I expect further upward movement until next week, and the target is 2970-3000. If you enjoyed this forecast, please show your support with a like and comment. Your feedback is what drives me to keep creating valuable content." Regards, Alireza!
The New Zealand dollar has posted gains on Wednesday. NZD/USD is trading at 0.5721 in the European session, up 0.31% on the day. The Reserve Bank of New Zealand slashed the cash rate by 50 basis points, bringing the cash rate to 3.75%. The markets had priced in the cut at 90% so there was no surprise at the jumbo cut. This lowered the cash rate to its lowest level since Nov. 2022. The RBNZ demonstrated again that it can be aggressive, as it has cut rates by 175 basis points since the easing cycle started last August. The New Zealand dollar is stronger on Wednesday, which is somewhat surprising, given the jumbo rate cut and the RBNZ's signal that further rate cuts are on the way in the coming months. The rate statement noted that the members were confident lowering rates as CPI remained near the midpoint of the 1%-3% target band. At the same time, members expressed concern that economic activity in New Zealand and abroad were "subdued" which posed a risk to economic growth. The statement also made a brief mention of "trade restrictions" which could dampen economic growth. No mention was made of US President Trump's tariff threats but policymakers are clearly concerned that US tariffs, even if not aimed directly at New Zealand, could chill the global economy and hurt the country's key export sector. In a follow-up press conference, Governor Adrian Orr said that the Bank expected to lower the cash rate to 3% by the end of the year. This forecast was lower than the November projection of 3.2% by year's end. The central bank is expected to deliver smaller rate cuts of 25-bps in the coming months. NZD/USD is testing resistance at 0.5713. Above, there is resistance at 0.5731 0.5686 and 0.5668 and the next support levels