17.02.25 - 21.02.25
Results of the previous week
| BABA +15.01% | NG +9.66% | VIX +3.84% |
COCOA -10.20% | TF -3.52% | BRN -1.85% |
US indices traded mixed last week. The US Federal Reserve’s latest meeting minutes put moderate pressure on indices. The regulator’s officials are concerned about what might happen with inflation because of Trump’s plans to raise tariffs on goods from some countries. That means that the rate-cutting cycle will be prolonged for the foreseeable future.
In the currency market, the EUR/USD pair is ending the week virtually unchanged. The British pound, however, was able to slightly strengthen against the dollar amid expectations that the Bank of England won’t be able to continue cutting interest rates due to rising inflation. Gold once again set an all-time high as geopolitical tensions persist.
Brent crude oil started the week up, but by the end of the week, it had returned to $75.30 per barrel. The energy resource was buoyed by negotiations between the United States and Russia. Oil reserves data out of the United States changed the situation as the indicator once again exceeded forecasts.
Key events of the current week
| Germany. GDP growth rate EUR/USD | DATE 25.02 | GMT | FORECAST | PREV. | IMPORTANCE |
The German economy continues to show signs of a cooldown. The country's GDP growth rate has slowed to 0.2%, confirming that the country is in a recession. In this situation, even though inflationary pressure remains high, the ECB has no choice but to continue its cycle of easing its monetary policy to support the economy. Weak macroeconomic indicators and theECB's intention to cut interest rates are unfavourable for the euro. In this environment, EUR/USD could decline to 1.0350. | |||||
| The US. Durable goods orders USD/JPY | DATE 27.02 | GMT | FORECAST | PREV. | IMPORTANCE |
Durable goods orders are an important indicator that makes it possible to evaluate investment activity. The higher it is, the more companies will need to manufacture, and the more investments will be required for development. Moreover, it makes it possible to assess Americans willingness to make major purchases. Global analysts expect this indicator to drop again, although at a slower rate. This is good news for the dollar. In this scenario, USD/JPY could rise to 152.00. | |||||
| The US. Personal expenditures XAU/USD | DATE 28.02 | GMT | FORECAST | PREV. | IMPORTANCE |
Personal consumption expenditures are a key measure of consumer spending on goods and services in the US economy. It's the main driver of economic growth. Global analysts anticipate that it will fall, which would negatively affect the GDP growth rate. Moreover, a lower indicator would indicate that Americans are thinking about their savings, tucking away funds for the future. These are worrying signs for the economy and the US dollar. A weaker dollar, in turn, is good news for dollar-denominated assets such as gold. In this context, XAU/USD may begin to rise again towards 2955.00. | |||||
