25.02.2025
The U.S. Dollar Index (DXY) is trading neutral
at 106.61 points this week, with EURUSD slightly up by 0.12% to 1.04710.
Technical oversold conditions for the Greenback have eased after last
Wednesday’s sharp EURUSD drop of 0.88% to 1.04000, driven by hawkish remarks
from multiple Federal Reserve (Fed) members. Following this move, the pair was
primed for a rebound toward the 1.04700–1.05700 target zone.
On Friday, weaker-than-expected U.S. services
sector business activity weighed on stocks and opened a path for a weaker
Greenback.
20.02.2025
Gold prices have surged by 2.5% to $2,954 per
troy ounce this week, marking the seventh all-time high in February. The rally
continues as U.S. President Donald Trump escalates his tariff disputes
globally.
Trump remained silent last week amid
persistent U.S. inflation, which rose to 3.0% YoY in January. Meanwhile,
Federal Reserve (Fed) Chair Jerome Powell signalled that the Fed is likely to
delay rate cuts for an extended period. However, Trump has been vocal in
pushing the central bank to lower interest rates immediately.
18.02.2025
The U.S. Dollar Index (DXY) is rising by 0.18%
to 106.91 points this week, while EURUSD is down by 0.33% to 1.04560. The
dollar is recovering after last week’s sharp decline, when it lost 1.60% to the
euro, pushing EURUSD to 1.05110—the highest level since January 27. This drop
was triggered by U.S. President Donald Trump’s tariff announcements targeting
Colombia, Canada, Mexico, China, and steel and aluminium imports into the U.S.
Currently, EURUSD appears overbought, and a
corrective move to the 1.03800–1.04400 range could relieve this tension.
13.02.2025
Brent crude prices are down 1.3% this week,
trading at $74.30 per barrel and marking new 2025 lows. Prices initially rose
on Monday and Tuesday following reports of lower Russian oil production and
fears of effective sanctions against its energy sector. However, U.S. President
Donald Trump once again surprised the markets by pushing Russia-Ukraine peace
talks into the public spotlight.
Russia reported oil production below its OPEC+
quota, falling by 16,000 barrels per day to 8.962 million bpd. Traders rushed
to buy crude amid concerns that U.S.
11.02.2025
The U.S. Dollar Index is rising by 0.32% to
108.39 points, though its strength against the euro remains moderate. The
EURUSD is down by 0.23% to 1.03030 as U.S. President Donald Trump continues his
pattern of announcing new tariffs every Friday. Over the weekend, these
announcements gain momentum, impacting markets on Monday. Last Friday, Trump
followed this strategy again, designating U.S. steel and aluminium imports for
a new 25% tariff.
Since Monday’s opening, the EURUSD has
declined by 0.58% to 1.02698.
06.02.2025
Gold prices surged by 2.3% to $2,865 per troy
ounce, setting another all-time high of $2,883 on Wednesday—the fifth
consecutive peak in a remarkable rally. Prices have been steadily advancing,
surpassing the $2,750–2,780 resistance level last Thursday before reaching the
$2,850–2,880 range. A slight retreat is now forming a consolidation pattern,
though a continued rally without pullback remains a possibility.
Uncertainty surrounding U.S. President Donald
Trump's latest trade measures is a key driver of gold’s ascent.
04.02.2025
The U.S. Dollar Index (DXY) is up 0.24% this
week to 108.63 points, while the EURUSD has declined by 0.37% to 1.03270. U.S.
President Donald Trump escalated trade tensions by imposing new tariffs on Canada,
Mexico, and China last Saturday, with speculation mounting that the European
Union could be next. The Dollar fluctuated amid conflicting rumours about
Trump’s tariff plans, initially surging when reports suggested a delay until
March 1, pushing EURUSD up 0.4% to 1.04340. However, when the news was
officially refuted, the Euro fell to 1.03650 by Friday’s close.
30.01.2025
Brent crude prices fell by 2.7% to $76.43 per
barrel, marking a 7.5% decline from the January 15 high of $82.77. Downward
pressure remains strong, with prices breaking below the key support at
$78.00–$80.00 per barrel and successfully retesting this level.
From a technical standpoint, oil prices are
likely to continue declining towards the $68.00–$70.00 range. Several factors
indicate that this downside scenario is in play. U.S. President Donald Trump
has urged OPEC to lower oil prices as part of his strategy to pressure Russia
into peace negotiations over Ukraine.
28.01.2025
The U.S. Dollar Index (DXY) rose by 0.45% to
107.92 points this week, while the EUR/USD declined by 0.60% to 1.04290. The
Dollar strengthened amid a "tariffs roller coaster" sparked by U.S.
President Donald Trump. On Sunday, Trump threatened Colombia with a trade war
after its government refused to accept deported citizens from the United
States. Colombia swiftly capitulated, agreeing to receive deportees within
hours of Trump's warning.
This heightened volatility on Monday, with
EUR/USD initially dropping by 0.36% to 1.04560 at the opening, then rebounding
by 0.76% to 1.
23.01.2025
Gold prices have risen by 1.9% this week to
$2,753 per troy ounce, approaching the all-time high of $2,789. A further
upward move could easily push prices beyond this peak in the coming days. The
current rally began on Monday, and even if momentum slows, gold could still
reach new record levels through inertia, possibly at the start of next week.
A breakout above the record high would likely
fuel further gains, with prices potentially targeting $3,000 per ounce.
Although fundamental drivers are becoming less transparent, technical indicators
strongly support continued upward momentum.