Platinum price started to get the positive momentum, to start covering the recently suffered losses, noticing its fluctuation near the MA55 at 959.00$.

Note that succeeding to hold above 950.00$ will increase the chances of providing new bullish trades, to attempt to record additional gains by targeting 971.00$ and 983.00$ levels, while settling below 950.00$ again will force it to activate the negative attack, to suffer many losses by moving towards 935.00$ first,

The expected trading range for today is between 950.00$ and 971.00$

Trend forecast: Bullish

Platinum price started to get the positive momentum, to start covering the recently suffered losses, noticing its fluctuation near the MA55 at 959.00$.

Note that succeeding to hold above 950.00$ will increase the chances of providing new bullish trades, to attempt to record additional gains by targeting 971.00$ and 983.00$ levels, while settling below 950.00$ again will force it to activate the negative attack, to suffer many losses by moving towards 935.00$ first,

The expected trading range for today is between 950.00$ and 971.00$

Trend forecast: Bullish

Bonk’s currency price returned lower in the intraday levels, confirming the breach of the pivotal support of $0.00001506, amid the dominance of the main downward trend in the short term, with negative pressure from trading below the 50-day SMA, while the price managed to vent off oversold saturation in the RSI. 

Therefore we expect more losses for the price, provided it settles below $0.00001506, targeting the support of $0.0000218.

Trend forecast for today: Bearish 

Hedera Hashgraph’s currency price (HBARUSD) fell in the intraday levels while trying to gather positive momentum and shake off negative pressure from the 50-day SMA, as it also vented off overbought saturation in the RSI, with the price buoyed by a positive pattern that formed in the short term, the Falling Wedge pattern. 

Therefore we expect the price to gain ground, provided it settles above $0.23178, targeting the pivotal resistance of $0.39200.

Trend forecast for today: Likely Bullish 

Created on March 03, 2025

• Renewed selling pressures on the euro against the US dollar EUR/USD with losses around the support level of 1.0375 at the beginning of this week’s trading coincide with the anticipation of financial markets and investors for the European Central Bank’s announcement of interest rates and then the announcement of US employment figures.
• Last week, according to licensed trading companies’ platforms, the euro dollar price rose to the resistance level of 1.0528, but disappointment in resolving the Russian Ukrainian crisis after Trump’s meeting with the Ukrainian president last week contributed to renewed euro selling operations.

European Events Affecting the Euro’s Performance

According to the economic calendar data, the consumer price index in the eurozone is expected to reach 2.3% on an annual basis compared to 2.5% previously, while the core consumer price index is expected to reach 2.6% on an annual basis compared to 2.7% previously. There is some risk aversion in the markets, so the weak report is likely to ease some inflation concerns and give the ECB more confidence to continue easing policy. However, the higher-than-expected numbers are likely to keep markets on edge. The market is expecting a total of 87 basis points of easing by the end of the year.

This week, the European Central Bank is also expected to cut interest rates by 25 basis points, bringing the interest rate to 2.50%. furthermore, we will get the Eurozone’s flash CPI report two days before the meeting, so it is likely to shape their future sentiment. There has been growing concern among some ECB officials about easing interest rates too quickly amid high services price inflation (which has been stuck at around 4% since November 2023) and a tight labour market.

US Tariff Path and Market Impact

The tariffs imposed by US President Trump on major US trading partners are scheduled to take effect in the coming days. Furthermore, investors have been trying to determine potential winners and losers for weeks. Markets were shaken last week after Trump said that tariffs on goods from Canada and Mexico, along with an additional 10% tariff on Chinese goods, would take effect. Recently, he announced 25% tariffs on steel and aluminium and 25% tariffs on goods from the European Union.

Trading Tips:

The euro’s gains will remain vulnerable to a rapid collapse, especially if Trump’s policies hurt the eurozone economy, which is already suffering from other factors and the US dollar has more strength factors.

France’s Credit Rating Downgrade

Continuing the increasing pressure on the Euro’s performance in Forex market trading, Standard & Poor’s Global Ratings placed a negative outlook on its creditworthiness assessment of France, confirming the continued uncertainty about the country’s finances after a long period of political turmoil. The rating agency said in a statement issued late Friday that the change in outlook reflects “rising government debt amid weak political consensus to address France’s large underlying budget deficit, against a backdrop of uncertain economic growth prospects.”

Standard & Poor’s maintained its AA- rating for France, seven notches above junk bonds and in line with the Czech Republic and Slovenia. Standard & Poor’s decision comes as France adopted its 2025 budget this month after a gruelling parliamentary battle that led to the government’s collapse in December. The final finance bill aims to reduce the deficit to 5.4% of economic output this year from 6% in 2024 – a less ambitious adjustment than the initial plan to reduce it to 5%.

The French Finance Ministry said in a statement that the 2025 budget represents a “historic turning point” in efforts to reduce the budget deficit and control debt. The ministry added, “The negative outlook reminds us of the scale of the challenge of reforming our public finances, a challenge that the government is determined to face.”

Standard & Poor’s expects France’s gross domestic product growth to fall below 1% this year, further straining the fiscal outlook.

EUR/USD Technical Analysis Today:

According to the daily chart trading, the EUR/USD price movement around and below the support level of 1.0360 threatens the recently formed upward channel and portends an upcoming move by bears to lower support levels, with the closest being 1.0280 and 1.0200, respectively. Technically, these are sufficient to push technical indicators such as the Relative Strength Index (RSI) and MACD indicator towards strong oversold levels. Conversely, and over the same time frame, the resistance levels of 1.0550 and 1.0640 will remain the most important to begin strengthening the recently formed upward channel. So far, the EUR/USD sell-from-every-upward-level trading strategy is the strongest.

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Created on March 03, 2025

• During the trading session on Friday, we have seen the British pound all over the place against the Japanese yen.
• Ultimately, the market did test the ¥190 level, which is a large, round, psychologically significant figure, but it’s also an area that has been important more than once.
• Because of this, and the fact that we pull back from there so quickly, the market is likely to continue to look at this area as crucial.

If we break down from here, and perhaps below the low of the trading session, then we could see the British pound Paul significantly, perhaps down to the crucial ¥185 level. The ¥185 level of course is an area that’s been important a couple of times in the past as well, and this is something that a lot of people will be paying close attention to. Anything below there could get really ugly in a very short amount of time.

Risk Appetite

The risk appetite component of this pair shouldn’t be ignored, as the British pound does favor the upside in this pair when traders are feeling better about the overall economic prospects. Ultimately, this is a market that will continue to look very much like a market that is trying to determine whether or not we have found the bottom, but I think it’s a little early to say that. The size of the candlestick for the day of course is fairly important as it shows just how volatile and dangerous this pair could be. That being said, the market will have to make a bigger decision, and once it does, I think that we could see a very big move.

I favor the upside, mainly due to the interest rate differential, and the fact that the Bank of Japan can only raise interest rates so far, I suspect that we will eventually see this market take off. If and when it does, it could be a very brutal move to the upside.

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Created on March 03, 2025

• The US dollar’s decline during last week’s trading allowed bulls to quickly push the GBP/USD currency pair towards the resistance level of 1.2715, the pair’s highest in 2025.
• This was before experiencing profit-taking sell-offs at the end of the week, which moved it towards the support level of 1.2559 and stabilized around 1.2580 at the start of this important week.
• This includes the announcement of key US job numbers.

Will Britain Be Affected by US Trade Wars?

For Britain, “tariffs will not be necessary”; for everyone else, they will be necessary. This is the scene after British Prime Minister Keir Starmer’s visit to President Donald Trump in Washington. Trump said that Britain and the United States of America will work towards a “new economic deal” that could happen “very quickly.” “I think we have a good chance of making a deal that could be great, really great for both countries,” Trump added, “We could end up with a real trade deal where tariffs won’t be necessary.”

Trump made his comments hours after the president said the US would soon move forward with 25% tariffs on Canada and Mexico and would add an additional 10% on Chinese imports. Also, he confirmed that another round of tariffs was due in April.

Meanwhile, the developments underscored market suspicions that Britain is relatively insulated from Trump’s new world of tariffs.

According to forex trading, the pound outperformed all of its G10 peers on the day – except the US dollar – confirming that the pound is increasingly seen as a relative safe haven in the tariff trade. “The special relationship has helped sterling limit losses within the G10,” commented experts at Societe Generale.

According to licensed trading companies’ platforms, the GBP/EUR exchange rate rose to its highest level since December 19 at 1.2131. The GBP/USD exchange rate fell to 1.2585 amid a broad-based US dollar recovery related to Trump’s confirmation of broader tariffs. Generally, analysts see the Pound as a safe haven for tariffs, believing that Britain is less vulnerable to tariffs than major exporters like the EU. This supports the recent rise in the Pound against all its G10 currency peers.

Trading Tips:

Britain’s avoidance of US tariffs means that the pound will be more resilient to the gains of the US dollar against other currencies, as it is sought as a safe haven from the consequences of Trump’s policies.

The Future of US-UK Trade

In this regard, according to the Times, the US President offered Sir Keir Starmer a trade deal that could exempt Britain from being subject to US tariffs, as he praised the “wonderful” relationship between the two countries. Trump said that Starmer was “working hard” to convince him to exempt Britain from the 25 percent tariffs that he imposes on other countries, adding that he earned “whatever they pay him there.”

For his part, British Prime Minister Starmer said that the deal will focus on artificial intelligence and other advanced technologies, placing Britain on the side of the US against what he criticized as an overly cautious approach in the EU. Starmer added, “We are taking a similar approach to this issue – instead of over-regulating these new technologies, we are seizing the opportunities they provide.” “We have decided today to move forward to start working on a new economic deal based on advanced technology.” Starmer echoed Trump’s optimistic tone, saying, “AI could cure more. This could be a great achievement of our time.”

Technical Analysis for the GBP/USD pair today:

According to recent trading on the daily chart and despite the recent selling, the GBP/USD pair is holding on to the recent bullish momentum as long as it is stable around and above the 1.2600 resistance. Furthermore, the bulls’ success in moving towards the 1.2685 and 1.2760 resistance levels will enhance the move towards the psychological resistance of 1.3000 respectively, which confirms the strength of the upward shift, while at the same time the technical indicators may move towards strong overbought levels. On the other hand, and for the same time frame, the support at 1.2420 will remain important for bears to be able to move again. Finally, we expect movements in narrow ranges until the reaction to the announcement of the US jobs numbers.

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Created on March 03, 2025

• For four consecutive trading sessions, bulls have been attempting to push the USD/JPY currency pair above the 150.00 level.
• According to the daily chart performance, this level separates bear and bull control.
• Recently, bears have prevailed, with the USD/JPY pair falling to the support level of 148.56, its lowest in four months.

According to licensed trading companies’ platforms, the USD/JPY price is stabilizing around 150.50 at the time of writing the analysis, awaiting reactions to the US jobs numbers this week, as well as the future of Trump’s trade policies, which are unsettling markets.

US Dollar Temporarily Halts Gains

According to Forex market trading, the US dollar has halted its recent gains, largely driven by the Euro’s strength, supported by renewed optimism about a potential resolution to the Ukraine war. The US dollar also retreated after US Commerce Secretary Howard Lutnick recently indicated that tariffs on Mexico and Canada are still “variable,” suggesting they may be less than the proposed 25%. However, the US minister confirmed that the additional 10% tariff on China is “fixed.”

Trading Tips:

We still recommend buying the US dollar against the Japanese yen from every downward level, but without risk and activating profit and stop loss orders to ensure the safety of the trading account from any sudden price reversals.

Japanese Stock Indices Rise Following US Stocks

During today’s trading session and across stock trading companies’ platforms, the Nikkei 225 index of Japanese stocks rose by 1.7% to close at 37,785 points, while the broader Topix index rose by 1.77% to 2,730 points, recovering from last week’s losses, and the Japanese market’s gains increased after the gains of US stock indices at the end of last week’s trading. Investors, however, remained cautious ahead of a March 4 deadline for US President Donald Trump’s proposed 25% tariffs on Mexico and Canada, along with an additional 10% on Chinese goods. Geopolitical concerns also remained, with Trump and Ukrainian President Volodymyr Zelenskyy failing to reach a deal on Friday that would end the war in Ukraine.

On the domestic front, the Japanese manufacturing PMI for February was revised slightly higher but still indicates contraction for the sixth consecutive month. Among the best-performing companies were Disco shares (up 2.2%), Mitsubishi Heavy Industries shares (up 6.7%), Mitsubishi UFJ shares (up 2.4%), IHI Corp shares (up 7.8%), and Toyota Motor shares (up 3.9%).

USD/JPY Technical analysis and Expectations Today:

According to recent trading, the USD/JPY pair has now risen to trade at levels slightly above the 100-hour moving average line. As a result, the currency pair is about to enter the overbought levels of the 14-hour Relative Strength Index. In the short term, bulls will seek to extend the current gains towards the resistance levels of 150.85 or higher to the resistance of 151.60. In contrast, the bears’ closest targets will be a correction down towards the support levels of 149.90 and then to the support of 149.00, respectively.

In the long term, according to the performance on the daily chart, the USD/JPY pair is trading within a descending channel formation. However, the 14-day Relative Strength Index has recently rebounded to avoid moving to oversold levels. Therefore, bulls will seek to extend the recent bounce gains to move towards the resistance levels of 152.30 and then to the resistance of 156.00 respectively. On the other hand, and in the same time frame, bears will have targets in case of selling operations to take profits to move towards the support levels of 148.00 and then to the support of 145.00 respectively.

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Created on March 03, 2025

• You can see that the Euro has stabilized a bit during the trading session on Friday as we continue to pay close attention to the 1.04 level.
• Donald Trump’s announcement of tariffs on the European Union has had a greater impact on traders than I initially expected.
• Given that he had previously mentioned the possibility of such tariffs, I’m somewhat surprised by the market’s reaction.

Nonetheless, the market is now below the 50-day EMA, and that will attract a certain amount of attention in and of itself, and I think really what matters here is that we now find ourselves somewhat affirming the previous consolidation area, at least in theory we are of 1.05 above being a major barrier and 1.02 underneath being a major floor. As long as we stay in this area, I think we will continue to see a lot of noisy and erratic trading. That’s typical for the Euro. All one has to do is zoom out, look at the chart, and you can see a lot of it’s just chopping back and forth.

Rangebound Still

This range that we find ourselves in now is just below the one before it. And that is common for the euro as well. It finds a range, it stays there for a certain amount of time, and then it moves to the next block. With that being the case, I think you have to assume that there is still a lot of selling pressure above the 1.05 level. Just as there’s a lot of support at the 1.02 level, a lot of pundits had the euro go into parity before it’s all said and done. It wouldn’t really surprise me if that happened.

As far as getting bullish, I would need to see this market actually break above the 1.06 level because it would take out a cluster from December that could cause a bit of headaches for buyers. And of course, take out the crucial 200 day EMA. Ultimately though, I think we’ve got a lot more sideways action in front of us than anything else.

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The GBPJPY pair reacted to stochastic positivity by forming correctional bullish rebound and approach the minor bearish channel’s resistance line at 190.45, while the upcoming scenario depends on the strength of this resistance, as its stability allows us to expect renewing the negative attempts by crawling towards 188.75 followed by reaching 187.90.

On the other hand, facing strong positive pressures and rallying above the current resistance will cancel the bearish overview to start forming bullish waves, expecting to target 190.80 as a first station, followed by reaching the MA55 at 192.60.

The expected trading range for today is between 188.75 and 190.50

Trend forecast: Bearish