Day: February 17, 2025

Feb 17
USDJPY: the yen strengthens after strong GDP data

The USDJPY rate fell below 152.00 after the release of Japan’s stronger-than-expected Q4 2024 GDP statistics. Find out more in our analysis for 17 February 2025. USDJPY forecast: key trading points Market focus: Japan’s GDP grew by 0.7% quarter-on-quarter and 2.8% year-on-year in Q4 2024 Current trend: the downtrend USDJPY forecast for 17 February 2025: […]

Feb 17
Gold (XAUUSD) continues to strengthen after a correction

Gold continues to rally towards 2,950 ahead of FOMC members’ speeches. Discover more in our XAUUSD analysis for today, 17 February 2025. XAUUSD forecast: key trading points A speech by FOMC representative Patrick T. Harker A speech by FOMC representative Michelle Bowman Current trend: moving upwards XAUUSD forecast for 17 February 2025: 2,877 and 2,950 […]

Feb 17
EURUSD, USDJPY, GBPUSD, AUDUSD, USDCAD, XAUUSD, and Brent technical analysis and forecast for 17 February 2025

EURUSD forecast On the H4 chart, EURUSD completed a growth wave to 1.0510. Currently, a consolidation range is forming below this level. Today, 17 February 2025, a downward breakout is expected, leading to an initial decline towards 1.0417. Later, a new growth wave towards 1.0465 is possible. After reaching this level, a further decline towards […]

Feb 17
EURUSD strengthens amid weak US economic data

The EURUSD rate is approaching the key resistance level at 1.0525. Discover more in our analysis for 17 February 2025. EURUSD forecast: key trading points US retail sales fell by 0.9% in January Weak statistics fuelled speculation about a possible Federal Reserve interest rate cut EURUSD forecast for 17 February 2025: 1.0525 and 1.0600 Fundamental […]

Feb 17
USDCAD continues to plummet: there are new targets for sales

The USDCAD pair is hovering around 1.4169 on Monday. Investors have increasingly less faith in Trump’s threats. Find more details in our analysis for 17 February 2025. USDCAD forecast: key trading points The USDCAD pair is falling, hitting lows seen on 12 December 2024 The Canadian dollar is supported by the lack of real actions […]