On the previous week, in the USA the main focus was on the January labour market report, the publication of which had been postponed earlier. The info confirmed the resilience of employment and the absence of a pointy cooling within the economic system, which supported cautious expectations of a Fed price reduce. Further affect got here from inflation statistics: January CPI didn’t give the market a transparent sign for fast coverage easing, sustaining rigidity in yields and the forex section. In Europe, macroeconomic statistics for This fall 2025 general indicated weak however constructive development with out indicators of acceleration, whereas in commodity markets the OPEC report (MOMR) turned a separate driver for oil, leaving quotations in a zone of heightened sensitivity to the stability of provide and demand. Total, the week confirmed financial resilience amid persistent inflationary stress, which stored markets in a mode of elevated volatility with out forming a brand new sustainable development.
💶 EUR/USD
The EUR/USD pair completed the week at 1.1868. Regardless of slight development, the bullish momentum stays weak, and the pair continues to be in a consolidation section. Subsequent week a brand new try to interrupt by resistance at 1.1925 is feasible. In case of success this may open the best way to 1.2000 and 1.2080. A decline to help within the 1.1775-1.1800 zone can’t be excluded both. If it doesn’t maintain, this may increasingly result in a fall to the 1.1700 space, the following help is within the 1.1580-1.1620 zone, adopted by 1.1470-1.1500.
🟠 Bitcoin (BTC/USD)
Ranging from 07 February BTC/USD has been transferring in a slender channel 65,100-72,260 alongside the Pivot Level 70,000, which confirms the absence of apparent drivers. Once they seem, a assured breakout of the channel in both path could strengthen the native momentum and lead both to development to the 75,000-80,000 zone, or to a fall to 63,000 and additional – to help at 59,800. Extra distant targets: for the bulls – a return to the 85,000-90,000 hall, for the bears – 54,000 and 49,000.
🛢 Brent Oil
For the third week in a row Brent oil has been buying and selling close to the higher boundary of the long-term descending channel, by which it has been transferring since October 2023. The most recent level this time was set at 67.18 {dollars} per barrel. Numerous consultants imagine that restoration makes an attempt are corrective in nature. Bulls could attempt to retest the 70.45 resistance zone with a goal of 72.60-72.75. A information background beneficial for bears could result in a return of Brent to the centre of the long-term channel. Helps 66.30, 65.00 and 62.70.
🥇 Gold (XAU/USD)
Gold closed at 5,043 {dollars} per ounce. Makes an attempt to interrupt above the 5,090-5,120 resistance zone haven’t but been profitable. Even supposing the basic construction stays bullish, a downward correction can’t be excluded. The closest help – 4,870, the following – on the line of medium-term ascending help within the 4,770-4,800 space. Its breakout could result in a deeper correction to 4,400-4,530. For bulls the targets are 5,180, 5,450 and 6,000.
📈 Key Occasions and Baseline Situations of the Week
On the upcoming week, on 17 February preliminary information on the ZEW Financial Sentiment Index in Germany and the Eurozone might be revealed. In the USA, on 18 February the Main Financial Indicators index and the minutes of the newest FOMC assembly might be launched, the API report on US crude oil inventories may even be revealed. On Thursday, 19 February, commerce stability information and the official EIA oil stock report in the USA are anticipated. On Friday the market’s consideration might be targeted on the preliminary estimate of US GDP for This fall, in addition to on statistics on private revenue and spending and the ultimate College of Michigan Client Sentiment Index.
Baseline situations: EUR/USD – reasonably bullish whereas the value holds above 1.1775. BTC/USD – neutral-to-bearish whereas the value is under 75,500-80,000. Brent – bearish whereas quotations are under 70.45. XAU/USD – bullish whereas costs maintain above 4,770-4,800.
