EUR/USD is rising – The Euro is getting stronger against the US Dollar. German election results help – The German Conservative Party won, making investors hopeful about the economy. Caution in the market – Investors are still careful, so further gains may be limited. Germany's IFO data important – Traders are
Bitcoin, Ethereum, and Ripple are in a critical phase, and a big price move may happen soon. Bitcoin has been forming a symmetrical triangle pattern for the past seven weeks. This pattern shows that prices are moving within narrowing highs and lows, meaning investors are unsure about the next move.
JAPAN'S NATIONAL INFLATION ACCELERATES, RECORDING HIGHEST GROWTH SINCE 2023 Japan's national inflation accelerated to 4% year-on-year in January. This marks the highest inflation rate since December 2022, up from 3.6% in December. The data was released by Japan's Statistics Bureau early Friday morning.
AUD/USD is going up and getting closer to 0.6400. The Australian Dollar is stronger because China is supporting rural areas. The US Dollar is weaker, helping AUD/USD rise. However, market caution might slow down further gains.
EUROPEAN STOCKS OPEN FLAT, WINNING STREAK UNDER THREAT Major European indices have been on a six-week winning streak. Eurostoxx rises by 0.1%, DAX drops by 0.1%, and CAC 40 gains 0.2%. UK FTSE remains flat, while Spain’s IBEX and Italy’s FTSE MIB show slight declines
GERMAN MANUFACTURING BEATS EXPECTATIONS, SERVICES SECTOR GROWS S&P Global released Germany’s February PMI for manufacturing and services. Manufacturing activity outperformed expectations but remained in contraction. The services sector saw growth for the second consecutive month. Overall, mixed results for Germany’s economic sectors.
CANADA'S RETAIL SALES BEAT EXPECTATIONS IN JANUARY Canada’s retail sales grew by 2.7% in January, surpassing expectations of 1.7% growth. January’s growth follows a 0.7% contraction in December. Positive data signals strong consumer spending.
EUR/USD is trading below 1.0500 on Friday. German and Eurozone data showed only small growth in business activity for February. Investors are waiting for US PMI data for further market direction.
XAU/USD DOWN BUT NOT OUT AHEAD OF US PMI DATA Gold price pulls back from near all-time highs of $2,955, anticipating US PMI data. The US Dollar attempts a recovery despite sluggish US Treasury bond yields. Gold remains exposed to upside risks, with a positive daily technical setup.
Bitcoin: Its price has been moving between $94,000 and $100,000 since early February. A big price change may happen soon. Ethereum: Showing some strength in the market. Ripple: Struggling to stay stable.
GOLD RECOVERS FROM EARLY SELL-OFF AHEAD OF US PMI RELEASE Gold prices recover from early Friday losses, still below $2,940. Gold dropped over 1% from Thursday’s all-time high of $2,954. Price stabilizes around $2,930 ahead of US trading session. US President Trump hints at possible lifting
The US government released jobless claims data for the week ending February 14. More people applied for unemployment benefits than expected. 219,000 people applied, while experts expected 215,000. The previous week's number was 213,000 but was later revised to 214,000. This suggests the job