Market Analysis Review
Daily Market Report: Expert Technical & Fundamental Insights – 26.02.2025
EURUSD
EURUSD fell today & traded at $1.0494. EZ leaders & traders remained busy by the outcome of the German election & Trump’s non-stop updates about economics & politics. According to ECB, wages in EZ fell in Q4/2024 to 4.12% from 5.43% in Q3/2024, so the inflationary pressures somehow weakened.
1H trend index remained bullish with low volatility. $1.0460 is support, and $1.0524 is resistance. Sentiments remained mixed & traders were divided with 33% bearish & 34% bullish.
USDJPY
USDJPY gained today & traded higher at 149.26, not far from the weakest level in three months. Leading economic index from Japan slightly fell to 108.3 in December , weaker than November of 108.9. Traders will closely watch the upcoming inflation numbers from Tokyo later this week.
Chart is still showing the potential for further loss, targeting 148.90 supported by bearish trend index and bearish traders’ sentiments as well.
GBPUSD
GBPUSD was little changed today, trading at #1.0655. The UK economy is still facing huge challenges because of inflation that rose to 3% in December, the highest in ten months, what does that mean? It simply means that BoE mission to reduce the rates is unlikely to be easy considering the fact that inflation remained sticky, and growth was fragile.
1 week forecasts showed that the traders were 20% bullish but 40% of them were bearish, however 1H price action is heading higher again & targeting $1.2670.
Gold
Yesterday was the biggest loss in gold in almost ten days after gold fell by more than -1.5%, trading slightly lower today at $2915 per ounce. China’s gold imports via Hong Kong plunged by 44% in January , the lowest since April 2022. Inflow to gold-backed ETFs continued as well.
Technically speaking, correction to $2923 will be expected ( that’s what happened) then $2895 amid mixed sentiments with 25% bullish & 25% bearish.
Silver
Silver slightly increased today & traded at $31.83 per ounce after three consecutive days of loss. Silver is down by -2.65% on weekly basis, followed by -0.70% in gold. All eyes remained on Trump’s tariffs & China’s measures that aim to bolster the economy. Remember that silver is an industrial metal, heavily required in solar energy industries & EV, which means that the long-term outlook remains promising.
Hourly trend index remained bearish with low volatility. $32.15 is support which was executed then $31.40 as next target. $33 is resistance.
Oil – WTI
Crude oil prices fell today after big losses on Tuesday, WTI $68.96 PB, the lowest level since last December 2024 , Brent $76.96PB. According to API, US weekly crude oil inventories fell by 0.6 million barrels last week, EIA will release the weekly inventories later today.
Price action & technical diagram opened the way for further drop. It is almost oversold on 1H chart, and 60% of the traders were bearish. $68.50 will be the next target ( support). Profit taking may happen, targeting again $70.50
DAX
German DAX index rallied today by more than 1% , trading at 22666. The potential of Ukraine-US mineral deal is approaching, giving more bullish sentiments to high-risk assets. German consumer confidence fell by -24.7 from -22.4 in February / March survey.
1H RSI is approaching from overbought level, but price action still supports further advance to 22800. 22350 is support.
Nasdaq
US stock futures traded higher today, waiting for Nvidia’s earning report later today. Yesterday, SPX fell -0.47%, Nasdaq lost -1.35% and Dow Jones gained 0.37%, yesterday was the fourth consecutive losing session in Nasdaq. US consumer confidence dropped in February to 98.3 from 105.3 in January, it is important to keep an eye on the consequences of weaker consumers’ sentiments. New home sales will be due later today, not to forget the US president Trump speech as well.
From support level at 21050, traders started building positions, targeting 21375. 1H trend index in bullish now, supported by positive momentum indicator. Price action is still showing cautious approach by the traders.
BTCUSD
BTCUSD traded slightly higher today at $89050 after three consecutive losing sessions, the lowest level since November 2024. Eth was down to $2490 , Cardano $0.6857, XRP $2.3075. Crypto market cap fell below $3 trillion to $2.94 Trillion, the lowest since November 2024.
Forecast poll in one week showed that traders’ sentiments remained mostly bearish, 50% of them were bearish & 25% bullish. Price action kept advancing & targeting $91900. $86800 is support.