No change to platinum price bullish track as it remains consolidated within the bullish channel, depending on the stability of 970.00$ support line to confirm the previously suggested bullish scenario, reminding you that it is important to gather the positive momentum to reinforce the chances of reaching the positive stations located near 1005.00$ followed by reaching 61.8% Fibonacci correction level at 1018.00$.
We remind you that there will be a chance to postpone the bullish attack in case facing new negative pressures, which might push it to crawl below the current support and suffer some losses by crawling towards 958.00$ and 950.00$ levels before recording any new positive target.
The expected trading range for today is between 975.00$ and 1005.00$
Avalanche’s currency price (AVAXUSD) gained ground in the intraday levels, amid negative pressure due to trading below the 50-day SMA, while trading alongside the downward secondary trend line in the short term, with a steep angle for the decline, indicating the strength of this trend, with negative signals from the RSI after reaching overbought levels compared to the price’s movements, hinting at negative divergence and doubling negative pressures on the price.
Therefore we expect the price to decline and target the pivotal support of $17.28.
USDJPY had a volatile week, nearly round-tripping its rally from 151.36 to 154.80.
Despite the pullback between Thursday and Friday, the pair could find a local bottom early next week if it carves out a higher low.
An ascending channel has developed, with support at 151.20 next week.
Additionally, the Japanese yen looks subdued following last week’s breakout, so a USDJPY bottom may depend on whether the US dollar finds support next week.
This isn’t a trade I want to rush into, but I’ll be watching for a potential higher low around 152.00.
According to recent trades, the British Pound has ignored US President Donald Trump’s threats to impose tariffs on countries that impose value-added taxes and appears set to achieve another weekly gain against the dollar and euro.
At the end of last week, Trump outlined his plans to impose “reciprocal” tariffs on goods from countries that impose tariffs on the United States starting in April.
Consequently, the bullish rebound of the GBP/USD pair extended to the resistance level of 1.2630, the pair’s highest level in two months, before settling around 1.2590 at the beginning of this week.
The Fate of US Tariffs
Recently, the US president surprised observers by saying he would impose tariffs on countries that impose sales taxes such as value-added tax, which includes Britain. He argued that the idea of VAT is ridiculous and confirms an agenda of punishing everyone, whether allies or enemies, to increase revenue for the United States. The random approach creates a great deal of uncertainty in the financial markets as it becomes difficult to predict where tariffs will fall and to what extent. This makes it difficult for other countries to respond.
Overall, it has become clear that forex markets are losing interest fast: the US dollar fell 1 percent last week and is heading for its fourth weekly decline in 2025. According to market experts, the law of diminishing returns appears to be at play as headlines about tariffs seem less provocative to the forex market. Overall, the pound is facing the threat of an expanded US tariff regime aimed at addressing stifling corporate rules that affect US companies. We reported that Howard Lutnick, the incoming US Commerce Secretary, will seek to impose tariffs on countries with onerous environmental, social and governance rules, which he says penalize US companies.
Now, Trump believes that VAT also punishes American companies. He told reporters at the White House, “We’re going to call it a tariff.”
Britain has imposed VAT since 1973 when it joined what would later become the European Union. For its part, the United States has pledged to deal with “each country individually. In almost all cases, they charge us much higher tariffs than we charge them but those days are over.” For its part, the American Taxpayer Foundation, a right-wing think tank, said last Thursday that VAT is “not a tariff” and is “commercially neutral.” “Historical evidence and recent studies show that tariffs are taxes that raise prices and reduce the quantities of goods and services available to American businesses and consumers, leading to lower incomes, reduced employment, and lower economic output.”
Trading Tips:
We still recommend selling the GBP/USD from any upward level but without risking the trading account from any sudden price reversals by activating take-profit and stop-loss orders.
Trump’s Goal of Tariffs
Trump says his reciprocal tariffs are aimed at restoring balance to global trade dynamics in favour of the United States. Analysts point out that Britain already has a balanced trade in goods with the United States, which would technically make Britain a low-priority target for Trump. But targeting VAT, he says, is not about global trade but about exercising American economic power and increasing revenue. On this basis, Britain will not escape by virtue of its favourable trade balance.
Technical Analysis for the GBP/USD pair today:
Keep in mind that the GBP/USD pair may remain relatively around its recent gains until the financial markets and investors react to the US and UK economic releases led by the announcement of the minutes of the last US Federal Reserve meeting. The success of the bulls in moving towards the resistance levels of 1.2670 and 1.2800 strengthens the ascending channel forming on the daily chart above, which may eventually lead to a move towards the psychological resistance of 1.3000. Conversely, and in the same time frame, the bears broke the support level of 1.2380, threatening the current upward rebound and a return to the broader bearish path.
A bearish start to the trading week for the USD/JPY pair with losses to the support level of 151.47 before settling around the 151.85 level at the time of writing.
Furthermore, the Japanese yen’s gains increased as investors responded to strong economic growth data.
According to economic indicators, Japan’s economy grew by 0.7% on a quarterly basis in the fourth quarter, accelerating from a growth of 0.4% in the previous quarter and exceeding expectations of 0.3%.
On an annual basis, Japan’s GDP grew by 2.8% in the fourth quarter, in line with expectations and up from growth of 1.7% in the third quarter.
Overall, the positive numbers reinforced the hawkish expectations for the Bank of Japan’s monetary policy. While uncertainty remains about whether the Bank of Japan will raise interest rates again in March, a rate hike later in the year is widely expected. The Japanese Yen has also gained strength from the recent weakness of the US dollar, driven by weak US economic data and easing fears of a global trade war.
Trading Tips:
We still recommend buying the US Dollar against the Japanese Yen but without risking the trading account from any sudden price reversals by activating take-profit and stop-loss orders.
Tariffs and US Stock Performance
Since President Donald Trump took office, Wall Street stock markets have been guessing “whether or not he will do it” regarding tariffs, since he promised to impose comprehensive duties on both geopolitical allies and competitors alike. While the initial reaction in the stock market was cautious, the mood is changing as the administration’s policies become increasingly confused with delays and exemptions mixed with aggressive rhetoric.
For stock investors, they have ignored the concerns and bought stocks. While the risk of a global trade war remains dangerously real after Trump announced a 25% tariff on steel and aluminium imports that will take effect in March and reciprocal tariffs on many trading partners expected to be imposed in April, US stock indices continue to rise, with the S&P 500 ending last week just points away from its all-time high. The question now is whether the buyers driving these gains are adequately assessing what Trump will do – or are recklessly throwing caution to the wind.
USD/JPY Technical Analysis and Expectations Today:
According to the daily chart, the bears are trying to move the USD/JPY currency pair with stronger downward levels, and now the psychological support level of 150.00 is the most important for further control, and at the same time, technical indicators will move towards strong oversold levels, led by the direction of the Relative Strength Index and the Stochastic Oscillator. I still recommend buying the USD/JPY from any downward level. Conversely, on the same timeframe, the bulls will successfully break the downward trend if the pair rebounds above the resistance of 155.50 again. The reaction to the content of the minutes of the latest meeting of the US Federal Reserve and any new developments regarding US trade wars, as well as signals from central bank officials, will affect the performance of the dollar against the Japanese Yen.
EUR/USD trades below 1.0500 in the European session.
Financial markets in the US will remain closed on Monday.
The technical outlook remains bullish, with a potential for a technical correction in the near term.
EUR/USD trades in a relatively tight channel below 1.0500 to begin the new week. Financial markets in the US will remain closed in observance of the Presidents’ Day holiday on Monday, limiting the volatility in the second half of the day.
Euro PRICE Last 7 days
The table below shows the percentage change of Euro (EUR) against listed major currencies last 7 days. Euro was the strongest against the Japanese Yen.
USD
EUR
GBP
JPY
CAD
AUD
NZD
CHF
USD
-1.41%
-1.53%
0.32%
-0.71%
-1.36%
-1.24%
-0.99%
EUR
1.41%
-0.06%
1.86%
0.82%
0.05%
0.25%
0.50%
GBP
1.53%
0.06%
1.76%
0.84%
0.10%
0.32%
0.54%
JPY
-0.32%
-1.86%
-1.76%
-1.07%
-1.61%
-1.55%
-1.30%
CAD
0.71%
-0.82%
-0.84%
1.07%
-0.62%
-0.56%
-0.33%
AUD
1.36%
-0.05%
-0.10%
1.61%
0.62%
0.21%
0.44%
NZD
1.24%
-0.25%
-0.32%
1.55%
0.56%
-0.21%
0.23%
CHF
0.99%
-0.50%
-0.54%
1.30%
0.33%
-0.44%
-0.23%
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).
The persistent selling pressure surrounding the US Dollar (USD) helped EUR/USD post strong gains in the previous week. Easing fears over an aggressive trade policy by US President Donald Trump helped the market mood improve and weighed on the USD. Ahead of the weekend, the data from the US showed that Retail Sales in the US declined by 0.9% on a monthly basis in January, not allowing the USD to stage a rebound.
The economic calendar will not feature any high-tier data releases in the first half of the week. On Wednesday, the Federal Reserve (Fed) will publish the minutes of its January policy meeting.
In the meantime, market participants will pay close attention to developments surrounding the Trump administration’s trade policy with the EU.
European Trade Commissioner Maros Sefcovic will travel to Washington on Monday to meet with US counterparts to discuss US tariffs.
EUR/USD Technical Analysis
The Relative Strength Index (RSI) indicator on the 4-hour chart declines from the 80 mark it touched on Friday but holds above 60, suggesting that EUR/USD remains bullish after correcting from overbought levels.
On the downside, 1.0440 (Fibonacci 61.8% retracement of the latest downtrend) aligns as first support before 1.0400 (100-period Simple Moving Average (SMA), Fibonacci 50% retracement) and 1.0360 (200-period SMA).
Looking north, first resistance could be spotted at 1.0500-1.0510 (round level, Fibonacci 78.6% retracement) ahead of 1.0550 (static level) and 1.0600 (static level, beginning point of the downtrend).
Euro FAQs
The Euro is the currency for the 19 European Union countries that belong to the Eurozone. It is the second most heavily traded currency in the world behind the US Dollar. In 2022, it accounted for 31% of all foreign exchange transactions, with an average daily turnover of over $2.2 trillion a day. EUR/USD is the most heavily traded currency pair in the world, accounting for an estimated 30% off all transactions, followed by EUR/JPY (4%), EUR/GBP (3%) and EUR/AUD (2%).
The European Central Bank (ECB) in Frankfurt, Germany, is the reserve bank for the Eurozone. The ECB sets interest rates and manages monetary policy. The ECB’s primary mandate is to maintain price stability, which means either controlling inflation or stimulating growth. Its primary tool is the raising or lowering of interest rates. Relatively high interest rates – or the expectation of higher rates – will usually benefit the Euro and vice versa. The ECB Governing Council makes monetary policy decisions at meetings held eight times a year. Decisions are made by heads of the Eurozone national banks and six permanent members, including the President of the ECB, Christine Lagarde.
Eurozone inflation data, measured by the Harmonized Index of Consumer Prices (HICP), is an important econometric for the Euro. If inflation rises more than expected, especially if above the ECB’s 2% target, it obliges the ECB to raise interest rates to bring it back under control. Relatively high interest rates compared to its counterparts will usually benefit the Euro, as it makes the region more attractive as a place for global investors to park their money.
Data releases gauge the health of the economy and can impact on the Euro. Indicators such as GDP, Manufacturing and Services PMIs, employment, and consumer sentiment surveys can all influence the direction of the single currency. A strong economy is good for the Euro. Not only does it attract more foreign investment but it may encourage the ECB to put up interest rates, which will directly strengthen the Euro. Otherwise, if economic data is weak, the Euro is likely to fall. Economic data for the four largest economies in the euro area (Germany, France, Italy and Spain) are especially significant, as they account for 75% of the Eurozone’s economy.
Another significant data release for the Euro is the Trade Balance. This indicator measures the difference between what a country earns from its exports and what it spends on imports over a given period. If a country produces highly sought after exports then its currency will gain in value purely from the extra demand created from foreign buyers seeking to purchase these goods. Therefore, a positive net Trade Balance strengthens a currency and vice versa for a negative balance.
Copper price failed to resume the bullish attack after facing 4.8100$ barrier, to activate the correctional track by crawling towards 4.6200$ now.
The frequent stability below the mentioned barrier and stochastic attempt to provide the negative momentum support the domination of the correctional bias, to expect crawling towards 4.5600$ and 4.5200$ levels soon, while breaching the barrier will open the way to record new gains that might start at 4.8900$.
The expected trading range for today is between 4.5600$ and 4.7400$
Copper price failed to resume the bullish attack after facing 4.8100$ barrier, to activate the correctional track by crawling towards 4.6200$ now.
The frequent stability below the mentioned barrier and stochastic attempt to provide the negative momentum support the domination of the correctional bias, to expect crawling towards 4.5600$ and 4.5200$ levels soon, while breaching the barrier will open the way to record new gains that might start at 4.8900$.
The expected trading range for today is between 4.5600$ and 4.7400$
The GBPCAD price ended the correctional bearish decline by providing positive close above the bullish channel’s support line at 1.7700, to notice forming many bullish waves and achieve some gains by touching 1.7860 level followed by fluctuating near the MA55 at 1.7800.
The main stability within the bullish channel and stochastic positive momentum signals will increase the chances of gaining the positive momentum, to keep our bullish overview that might target 1.7890 followed by reaching 1.7960.
The expected trading range for today is between 1.7780 and 1.7890
USD/JPY falls to 152.02, erasing February 12 gains as sellers take control.
Bearish RSI signals further downside; key support at 150.93 and 148.64.
A recovery above 152.73 could open the door to 153.22 and 154.00.
The USD/JPY extended its losses, dropping below the 200-day Simple Moving Average (SMA) of 152.73 and hitting a three-day low of 152.02. Worse than expected, US Retail Sales data weighed on the American currency, which has fallen to a year-to-date (YTD) low, according to the US Dollar Index (DXY). The pair trades at 152.26, below its opening price by 0.36%.
USD/JPY Price Forecast: Technical outlook
The downtrend resumed after the February 12 gains were erased during the last few days as sellers regained control. The Relative Strength Index (RSI) remains bearish, an indication that further downside lies ahead. Therefore, the USD/JPY’s first support would be the February 7 swing low of 150.93, followed by the December 3 daily low of 148.64.
Conversely, if USD/JPY reclaims the 200-day SMA, the pair could aim for 153.00, followed by the Tenkan-sen at 153.22 and the 154.00 figure.
USD/JPY Price Chart – Daily
Japanese Yen PRICE Today
The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies today. Japanese Yen was the strongest against the US Dollar.
USD
EUR
GBP
JPY
CAD
AUD
NZD
CHF
USD
-0.29%
-0.20%
-0.29%
-0.10%
-0.57%
-1.01%
-0.37%
EUR
0.29%
0.08%
0.00%
0.18%
-0.29%
-0.73%
-0.08%
GBP
0.20%
-0.08%
-0.06%
0.10%
-0.37%
-0.81%
-0.16%
JPY
0.29%
0.00%
0.06%
0.17%
-0.30%
-0.74%
-0.10%
CAD
0.10%
-0.18%
-0.10%
-0.17%
-0.48%
-0.91%
-0.27%
AUD
0.57%
0.29%
0.37%
0.30%
0.48%
-0.45%
0.20%
NZD
1.01%
0.73%
0.81%
0.74%
0.91%
0.45%
0.65%
CHF
0.37%
0.08%
0.16%
0.10%
0.27%
-0.20%
-0.65%
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Japanese Yen from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent JPY (base)/USD (quote).
