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Top Economic Events to Watch | February 17 - 21, 2025
17 February 2025
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Gladys Eguia
Markets face a volatile week as central bank decisions and trade tensions take center stage. The Reserve Bank of Australia (RBA) is expected to hold rates at 4.35%, while the Reserve Bank of New Zealand (RBNZ) may cut by 50bps to 3.75%, potentially strengthening the Australian dollar against the New Zealand dollar.
Meanwhile, the U.S. has imposed a 25% tariff on steel and aluminium, escalating trade tensions with Canada and China. Retaliation could disrupt supply chains, fuel inflation, and weigh on equities, while boosting the U.S. dollar. Traders should watch these key developments for shifts in currency and risk sentiment.
NASDAQ waiting for news?
Market sentiment remains mixed, influenced by inflation concerns, Federal Reserve policy, and US tariffs. While strong tech earnings from Nvidia and Microsoft have provided support, rising Treasury yields have tempered enthusiasm. The index must hold 21,373 support to maintain bullish momentum, with resistance near 22,133. The outlook depends on upcoming inflation data and Fed statements for direction.
Investors watching UK Labour data for Sterling clues.
The GBP/USD pair is trading around 1.2455, with recent movement driven by economic data and central bank expectations. The British pound has remained relatively stable, whereas the U.S. dollar has been stronger due to persistent inflation concerns, which could lead the Federal Reserve to keep interest rates higher for longer. This has made the dollar more attractive to investors. Continued dollar strength or weaker UK data could send the pair lower.
USD capping Gold's shine?
Gold is trading around $2,917 per ounce, rebounding from a dip to $2,880 amid geopolitical tensions and economic uncertainty. Inflation concerns and Federal Reserve policy have capped upside movement, as higher rates strengthen the U.S. dollar, making non-yielding assets like gold less attractive. Strong safe-haven demand, however, has helped sustain prices. Key resistance is at $2,942, with further upside toward $3,000 if momentum holds.
Markets are on edge with central bank moves, trade tensions, and inflation shaping the week ahead. Stay informed with our daily updates to navigate the market swings!
IMPORTANT NOTICE: Any news, opinions, research, analyses, prices or other information contained in this article are provided as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and therefore, it is not subject to any prohibition on dealing ahead of dissemination. Past performance is not an indication of possible future performance. Any action you take upon the information in this article is strictly at your own risk, and we will not be liable for any losses and damages in connection with the use of this article.
RISK WARNING: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail client investors lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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