EUR/USD ROTATES BACK DOWN AS UPS-AND-DOWNS CONTINUE

Tina Collins

27 Feb 2025

EURUSD showed choppy price action, initially rising to test 1.0527 and the January high.

Sellers pushed the pair lower after the peak at 1.05242.

As the U.S. session begins, the pair is below the 100-hour MA at 1.04839 but above the 200-hour MA at 1.04718.

Key support lies between 1.04529 and 1.04677, where the pair found support earlier this week.

CHINA: RETAIL SALES AND INDUSTRIAL PRODUCTION BEAT EXPECTATIONS

CHINA: RETAIL SALES AND INDUSTRIAL PRODUCTION BEAT EXPECTATIONS Grew 4% YoY in February, matching expectations and improving from January's 3.7%. Increased by 5.9% YoY, surpassing the 5.3% forecast but slower than January’s 6.2% growth.

GOLD PRICE SITS NEAR RECORD HIGH, CONTINUES TO DRAW SUPPORT FROM THE GLOBAL FLIGHT TO SAFETY

Gold price is near its highest level ever. People are buying gold because of global economic worries. Traders expect the U.S. Federal Reserve to cut interest rates in 2025. The U.S. dollar is weak, which helps gold stay strong. Investors see gold as a safe place to keep

CHINA FEBRUARY 2025 NEW HOME PRICES FALL 4.9% YoY, 0.1% MoM

CHINA FEBRUARY 2025 NEW HOME PRICES FALL 4.9% YoY, 0.1% MoM New home prices fell 4.9% YoY and 0.1% MoM in February. The housing sector remains under pressure, with January showing a 5% YoY decline. PBOC set USD/CNY reference rate at 7.1688, the strongest

WEEK AHEAD – CENTRAL BANKS IN FOCUS AMID TRADE WAR TURMOIL

Federal Reserve (Fed): Will decide on interest rates while worrying about a possible recession. Bank of Japan (BoJ): Traders are watching for signs that Japan might raise interest rates. Swiss National Bank (SNB): Expected to cut interest rates by 0.25%. Bank of England (BoE): Likely to keep rates the

Read more

CHINA: RETAIL SALES AND INDUSTRIAL PRODUCTION BEAT EXPECTATIONS

GOLD PRICE SITS NEAR RECORD HIGH, CONTINUES TO DRAW SUPPORT FROM THE GLOBAL FLIGHT TO SAFETY

CHINA FEBRUARY 2025 NEW HOME PRICES FALL 4.9% YoY, 0.1% MoM

WEEK AHEAD – CENTRAL BANKS IN FOCUS AMID TRADE WAR TURMOIL