Daily Analysis By zForex Research Team - 02.21.2025
Euro Stabilizes, Yen Slips Despite BOJ Hawkishness
The euro held steady near 1.0500 ahead of key PMI data, while the yen weakened past 150 despite rising inflation and BOJ’s hawkish stance.
Gold stayed near record highs as trade war fears and geopolitical tensions supported safe-haven demand. The British pound remained firm above 1.2600, driven by expectations of strong UK retail sales. Silver rebounded toward $33 per ounce as markets assessed Fed policy and escalating trade risks.
Gold Analysis By zForex Research Team - 02.21.2025
Gold Benefits from Trade War Fears
Gold hovered near $2,940 per ounce, close to its record high of $2,950, and was set for an eighth weekly gain as global uncertainties fueled safe-haven demand. President Trump’s new tariffs on lumber, cars, semiconductors, and pharmaceuticals escalated trade tensions, while reports suggested he may withdraw US support for Ukraine in talks with Russia, raising geopolitical risks. US Treasury Secretary Scott Bessent dismissed speculation about revaluing bullion reserves, and Swiss customs data revealed gold exports to the US hit a 13-year high in January.
Key resistance stands at $2,949, with further levels at $2,975 and $3,000. Support is at $2,880, followed by $2,830 and $2,760.
Silver Analysis By zForex Research Team - 02.21.2025
Silver Climbs as Market Weighs Fed Policy
Silver climbed toward $33 per ounce on Thursday, rebounding from the previous session’s losses as trade and geopolitical risks fueled safe-haven demand. President Trump’s plan for 25% tariffs on automobiles, semiconductors, and pharmaceuticals reignited trade war fears, while his remarks calling Ukraine’s President Zelenskiy a dictator added to market uncertainty amid ongoing peace talks with Russia. Meanwhile, Fed officials signaled in January that more inflation progress is needed before considering rate cuts, with concerns over the economic impact of new tariffs.
Key resistance stands at 33.15, with further levels at 33.80 and 34.50. Support is at 31.40, followed by 30.90 and 30.20.
Daily Analysis By zForex Research Team - 02.24.2025
CB Shifts and Trade Uncertainty Drive Global Asset Moves
Global markets are reacting to divergent central bank signals and mounting trade uncertainty.
The euro rebounded above $1.05 after a strong German election, with investors eyeing further ECB easing. Meanwhile, the yen held near 149 amid hawkish BOJ signals, and gold pushed close to record highs on safe-haven demand driven by US policy concerns. The British pound remains steady at nearly $1.26 on solid economic data, while silver surged to a four-month high due to strong industrial demand and trade tensions.
EUR/USD Analysis By zForex Research Team - 02.24.2025
Euro Climbs Above $1.05 After German Conservatives Secure Election Win
The euro climbed 0.5% to over $1.05 on Monday, near a month-high after Germany’s conservative Christian Democrats won, with exit polls matching expectations. Investors now watch the coalition formation process, as opposition leader Friedrich Merz aims to form one within two months. Strong leadership is seen as crucial for overdue fiscal reforms amid economic stagnation, the Ukraine conflict, and Trump's tariff threats. Meanwhile, Eurozone private sector activity remained steady in February, with the PMI at 50.2, just below the expected 50.5.
Key resistance is at 1.0520, followed by 1.0600 and 1.0650. Support stands at 1.0350, with further levels at 1.0275 and 1.0220.
Gold Analysis By zForex Research Team - 02.24.2025
Gold Approaches Record High as Investors Await PCE Data
Gold rose to $2,940 per ounce on Monday, nearing its record high amid strong safe-haven demand. Concerns over Trump’s tariff plans and weaker U.S. business activity increased its appeal. Investors await Friday’s PCE index for clues on Fed policy, while high prices dampen demand in China and India.
Key resistance stands at $2,949, with further levels at $2,975 and $3,000. Support is at $2,880, followed by $2,830 and $2,760.
Daily Analysis By zForex Research Team - 02.25.2025
Markets Keep Steady Amid Changing Political Conditions
Global markets remain steady amid mixed economic signals and evolving trade policies.
The euro climbed to around $1.0475 following strong German election results, while investors await coalition talks. The yen strengthened near a 12-week high at 149.5 on expectations of further BOJ hikes as key inflation data looms. Gold held near record highs, supported by safe-haven demand amid Trump's tariff actions and inflation fears, and silver traded near $31.8 as traders watch for upcoming US inflation reports and Fed cues. Meanwhile, the British pound rose above $1.26 on optimistic UK data, reflecting cautious sentiment across global assets.
GBP/USD Analysis By zForex Research Team - 02.25.2025
Pound Rises to $1.26 Amid Strong UK Data
The British pound traded near $1.26, a two-month high, as data reinforced expectations of a cautious Bank of England. Inflation hit 3% last month, exceeding the 2.8% forecast, while services inflation rose to 5%, just below the BoE’s 5.2% estimate. Wage growth accelerated in Q4 2024, with real wages increasing after inflation. Retail sales also jumped 1.7%, driven by strong food demand, leading markets to price in just two rate cuts this year, bringing rates down to 4%.
The first resistance level for the pair will be 1.2670. In the event of this level's breach, the next levels to watch would be 1.2720 and 1.2770. 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.
USD/JPY Analysis By zForex Research Team - 02.25.2025
Yen Strengthens as Investors Await BoJ Policy Clues
The Japanese yen traded around 149.5 per dollar on Tuesday, near a 12-week high, as expectations grew for further Bank of Japan rate hikes following strong Q4 inflation. Investors await key data on Friday, including industrial production, retail sales, and Tokyo inflation, for policy insights. Safe-haven demand also supported the yen amid trade and geopolitical tensions. Meanwhile, U.S. President Donald Trump confirmed tariffs on Canada and Mexico will resume next week after a one-month delay.
Key resistance is at 154.90, with further levels at 156.00 and 157.00. Support stands at 149.20, followed by 147.10 and 145.80.
