GBP/USD Analysis By zForex Research Team - 02.12.2025
GBP/USD Rises as Traders Scale Back Aggressive BoE Easing Bets
The British pound rose to $1.2440, rebounding from a three-week low as traders adjusted rate cut expectations after BoE policymaker Catherine Mann’s comments. Although she voted for a 50bps cut, she clarified it wasn’t a signal for aggressive easing but aimed to improve market communication. She emphasized the need to maintain monetary restrictions due to structural challenges in returning inflation to 2%, leading traders to lower 2025 rate cut expectations to 62bps. Focus now shifts to upcoming GDP estimates, Q4 figures, and December’s industrial and manufacturing output.
The first resistance level for the pair will be 1.2500. In the event of this level's breach, the next levels to watch would be 1.2600 and 1.2650. On the downside 1.2340 will be the first support level. 1.2265 and 1.2100 are the next levels to monitor if the first support level is breached.
Silver Analysis By zForex Research Team - 02.12.2025
Silver Steady Amid US Tariffs, China Retaliation, and EU Trade Warning
Silver trades around $31.8 per ounce on Wednesday, steady as safe-haven demand rises after Trump’s 25% tariff on steel and aluminum, with more expected. China’s retaliatory tariffs take effect today, while Germany warns of an immediate EU response to US tariffs. Silver is also supported by strong industrial demand, particularly in renewables, and ongoing supply shortages.
Technically, the first resistance level will be 32.50 level. In case of this level’s breach, the next levels to watch would be 33.00 and 33.50. On the downside, 31.40 will be the first support level. 30.90 and 30.20 are the next levels to observe if the first support level is breached.
Daily Analysis By zForex Research Team - 02.13.2025
Peace Talks Lift Euro, Inflation Sinks Yen
The euro strengthened to $1.04, supported by Ukraine-Russia peace talks despite strong U.S. inflation data limiting Fed rate cut expectations.
The Japanese yen fell below 154 per dollar as traders reduced bets on further Fed cuts, while BOJ officials remained unclear on future rate hikes. Gold held above $2,900 per ounce despite Fed hawkishness while silver surged past $32 per ounce. The British pound remained steady at $1.246, supported by optimism over peace negotiations but weighed down by UK economic concerns.
EUR/USD Analysis By zForex Research Team - 02.13.2025
Euro Gains Ground on Ukraine Peace Talks
The EUR/USD traded at $1.04 on Thursday, gaining 0.1% for the day after rebounding from earlier declines. The euro found support amid optimism over a potential peace agreement between Ukraine and Russia, spurred by encouraging progress in diplomatic discussions. Despite rising U.S. Treasury yields strengthening the dollar, the euro remained steady.
U.S. inflation data exceeded expectations, tempering hopes for Federal Reserve rate cuts. While the dollar stays relatively strong, the euro’s stability suggests it could hold firm against the greenback. Moving forward, U.S. monetary policy and geopolitical events will be key factors influencing EUR/USD.
From a technical standpoint, the first resistance level is at 1.0460, with further resistance at 1.0515 and 1.0600 if the price breaks higher. On the downside, initial support is at 1.0350, followed by additional levels at 1.0275 and 1.0220.
Gold Analysis By zForex Research Team - 02.13.2025
Gold Near Peak Level Despite Fed Hawkishness
Gold prices remained near a record high above $2,900 per ounce, as investors turned to trusted assets with rising trade tensions and economic uncertainty. The White House announced that Trump’s reciprocal tariffs could be introduced as early as Thursday, following his 25% tariff on steel and aluminum imports. These add to existing tariffs, including 10% on Chinese goods and 25% on Canadian and Mexican imports, though the latter are paused. Meanwhile, U.S. inflation data exceeded expectations, reinforcing the Fed’s cautious stance on rate cuts and weighing on gold’s appeal.
Technically, resistance stands at 2,949, with further levels at 2,975 and 3,000. Support is at 2,885, followed by 2,830 and 2,760 if declines continue.
Daily Analysis By zForex Research Team - 02.14.2025
Trade Tensions Ease While GDP Data Surprises
The dollar weakened as easing trade tensions and expectations of a softer PCE price index pressured the currency, strengthening the yen and commodities like gold and silver.
The Japanese yen strengthened after Trump delayed reciprocal tariffs, while gold remained steady despite inflation concerns. The British pound rose following well-performing GDP data, though economic tensions persist. Meanwhile, silver surged on rising Asian demand, and EUR/USD hovered near 1.0460 with shifting market sentiment.
GBP/USD Analysis By zForex Research Team - 02.14.2025
GBP/USD Up on Positive Growth Data
The British pound climbed to $1.2560 after preliminary data showed the UK economy grew by 0.1% in the final quarter of 2024, defying expectations of a 0.1% contraction and outperforming the Bank of England’s forecasts. This puts the economy slightly ahead of where it was when Labour took office in July, offering some relief to the government.
However, challenges remain as the Office for Budget Responsibility is set to release an updated economic and fiscal outlook on March 26, with reports indicating a lowered growth forecast. Meanwhile, the Bank of England cut interest rates by 25bps to 4.5% last week, its third reduction since beginning its easing cycle in August 2024, while also downgrading its 2025 GDP growth forecast to 0.7%.
1.2600 is the first resistance level, with further targets at 1.2650 and 1.2700 if the pair moves higher. On the downside, 1.2340 serves as the first support level, followed by 1.2265 and 1.2100 if selling pressure intensifies.
GBP/USD Analysis By zForex Research Team - 02.14.2025
Yen Rallies as Trump Delays Tariffs
The Japanese yen traded around 153 per dollar on Friday, following a 1% gain in the previous session. The yen strengthened as the dollar retreated sharply after President Trump delayed reciprocal tariffs, easing concerns over escalating trade tensions. The latest US PPI report also hinted that core PCE inflation, the Fed’s key metric due later this month, could come in lower than expected.
Japan’s Economy Minister Ryosei Akazawa stated that Japan would respond appropriately to any US reciprocal tariffs, while the Bank of Japan’s hawkish stance continued to support the yen. Although uncertainty remains about a potential rate hike in March, the central bank is widely expected to introduce further increases later this year.
Technically, 154.90 is the key resistance level, with further targets at 156.00 and 157.00. On the downside, 151.90 is the first major support, followed by 151.25 and 149.20 if the pair moves lower.
Daily Analysis By zForex Research Team - 02.17.2025
Fed Policy, Tariffs, and Data Drive Global Market Shifts
Global markets are showing mixed reactions as central bank policies and economic data shape investor sentiment. The dollar steadied after strong U.S. inflation exceeded forecasts, despite Trump’s new tariffs, while the euro remains pressured.
The yen strengthened on strong GDP and hawkish BOJ expectations, and gold surged toward record highs amid trade concerns and safe-haven demand. The British pound recovered on upbeat UK GDP data, and silver advanced on optimistic Fed rate cut projections and eased tariff fears. Investors now await further economic data and policy signals to chart the next moves.
EUR/USD Analysis By zForex Research Team - 02.17.2025
Fed Outlook Steadies Dollar as Inflation Exceeds Forecasts
The US Dollar initially strengthened on risk aversion after President Trump announced new tariffs, with a 25% duty on all steel and aluminum imports taking effect last Tuesday. Safe-haven demand strengthened the Greenback, but gains faded as weak US data and positive global developments weighed on currency markets. The US CPI for January rose 3.0%, with core CPI at 3.3%, exceeding forecasts and reinforcing expectations that the Fed will keep rates steady longer.
From a technical perspective, the first resistance level is at 1.0515, with further resistance levels at 1.0600 and 1.0650 if the price breaks above. On the downside, the initial support is at 1.0350, followed by additional support levels at 1.0275 and 1.0220.
Gold Analysis By zForex Research Team - 02.17.2025
Gold Nears Record High as Trade Concerns Persist, Fed Rate Cuts in Doubt
Gold held at $2,930 per ounce, set for a seventh weekly gain as trade concerns drove demand. President Trump ordered a tariff review but delayed implementation, easing fears slightly. However, U.S. producer inflation beat expectations, reinforcing views that Fed rate cuts are unlikely soon. Despite this, gold stayed firm, supported by trade uncertainties and a weaker dollar.
The first resistance is at $2,949, with further levels at $2,975 and $3,000 if the price moves higher. On the downside, $2,880 is the first support level, followed by $2,830 and $2,760 if selling pressure increases.
Daily Analysis By zForex Research Team - 02.18.2025
Yen Weakens on GDP, Gold Rises with Trade Fears
The dollar strengthened following hawkish Fed remarks, pressuring EUR/USD and reversing a three-day decline.
The yen weakened as strong Japan GDP data sparked speculation about future BOJ rate hikes. Gold climbed above $2,900 per ounce on trade war concerns, while GBP/USD rose on solid UK GDP and disappointing US retail sales. Silver held above $32, supported by industrial demand and a weaker dollar. Investors now await key economic reports and FOMC minutes for further market direction.
Yen Analysis By zForex Research Team - 02.18.2025
Yen Dips After Strong Japan GDP Data
The Japanese yen slipped to around 151.8 per dollar, reversing a three-day rally as the dollar gained strength after Fed officials signaled reluctance to cut rates due to inflation concerns.
Japan’s Q4 GDP grew 0.7% quarter-on-quarter, up from 0.4% and beating the 0.3% forecast. On an annual basis, GDP rose 2.8%, aligning with expectations and improving from 1.7% in Q3. These figures support a more hawkish outlook for the Bank of Japan, though uncertainty remains over a potential rate hike in March, with further increases expected later this year.
Technically, resistance is at 154.90, with further levels at 156.00 and 157.00. Support stands at 151.25, followed by 149.20 and 147.10.
Silver Analysis By zForex Research Team - 02.18.2025
Silver Faces Resistance After Recent Rally
Silver remained above $32 per ounce on Sunday after recent volatility, supported by a weaker dollar on soft US economic data and easing global trade war concerns.
On Friday, silver hit a three-month high, driven by strong industrial demand, particularly in electrification and manufacturing. Reports showed China added 357 gigawatts of solar and wind power in 2024, boosting industrial silver use. Meanwhile, India’s Oil and Natural Gas Corp pledged INR 1 trillion for renewable energy, and Indonesia aims to add 17 gigawatts of solar capacity.
Key resistance is at 33.15, with further levels at 33.80 and 34.50. Support stands at 31.40, followed by 30.90 and 30.20.
Daily Analysis By zForex Research Team - 02.19.2025
Defense Spending Impact: Euro Weakens on Cost Concerns
The euro weakened as defense spending concerns weighed on sentiment, while the yen held steady near 152 despite weak economic data.
Gold remained near record highs amid escalating tariff threats, and the British pound stabilized at $1.26 as wage growth heightened inflation concerns. Silver hovered around $32.8, supported by strong industrial demand and trade tensions.
EUR/USD Analysis By zForex Research Team - 02.19.2025
Euro Dips on Defense Spending Concerns
The euro slipped to $1.0450 as traders weighed the impact of rising defense spending on inflation and interest rates. With the U.S. planning to scale back Ukraine support and seek negotiations with Russia, European leaders met in Paris but reached no firm decisions. Strengthening defense and aiding Ukraine could cost Europe’s major economies $3.1 trillion over the next decade. Meanwhile, the ECB is expected to cut its deposit rate by 25 basis points at each of the next three meetings, potentially dropping below 2% by 2026.
Key resistance levels are at 1.0515, 1.0600, and 1.0650. Support stands at 1.0350, followed by 1.0275 and 1.0220.
Yen Analysis By zForex Research Team - 02.19.2025
Yen Steady Near 152 on Rate Bets
The Japanese yen hovered near 152 per dollar as weak economic data weighed on sentiment. Core machinery orders unexpectedly fell in December, and Japan’s trade deficit widened in January due to higher imports. While expectations of further BOJ rate hikes provided some support, uncertainty remains over a possible March increase. Meanwhile, a stronger US dollar pressured the yen, driven by President Trump’s new tariff threats, including a 25% levy on automobiles, semiconductors, and pharmaceuticals.
Key resistance stands at 154.90, with further levels at 156.00 and 157.00. Support is at 151.25, followed by 149.20 and 147.10.
Daily Analysis By zForex Research Team - 02.20.2025
Trade Tensions and Economic Uncertainty Navigate Policy Shifts
Global markets remain cautious as central bank policies and trade tensions converge.
The Fed's decision to hold rates amid rising inflation risks, combined with Trump's new 25% tariffs, fuels uncertainty that pressures the euro and supports safe-haven assets. The yen gains on expectations of further BOJ tightening, while gold and silver adjust as investors await key economic data. Meanwhile, GBP/USD stays steady amid diverging US and UK outlooks, highlighting the complex, global landscape shaping asset prices.
Gold Analysis By zForex Research Team - 02.20.2025
Gold Retains Strength on Safe-Haven Demand
Gold held above $2,930 per ounce, near record highs, as investors assessed FOMC minutes and trade risks. The Fed signaled the need for more disinflation evidence while warning that tariffs could fuel inflation. Markets expect one rate cut in 2025, with a second possible. Gold's safe-haven appeal stayed strong amid Trump’s 25% tariffs on key imports and uncertainty over US-Russia peace talks on Ukraine. Meanwhile, China kept lending rates unchanged, signaling a cautious policy stance.
The first resistance is at $2,949, with further levels at $2,975 and $3,000 if the price moves higher. On the downside, $2,880 is the first support level, followed by $2,830 and $2,760 if selling pressure increases.
GBP/USD Analysis By zForex Research Team - 02.20.2025
GBP/USD Steady at Two-Month High Amid Rising UK Inflation
The British pound held near $1.26, its highest in two months, as traders assessed key economic data. Inflation rose to 3% last month, a ten-month high, surpassing the 2.8% forecast, while services inflation hit 5%, just below the BoE’s 5.2% estimate. With inflation moving further from the 2% target and wage growth accelerating in real terms, markets now expect only two BoE rate cuts this year.
The first resistance level for the pair will be 1.2650. In the event of this level's breach, the next levels to watch would be 1.2700 and 1.2766. On the downside 1.2340 will be the first support level. 1.2265 and 1.2100 are the next levels to monitor if the first support level is breached.
