Top Forex Brokers – Forex Weekly news and analysis For February 10 – 16 2025
The US Consumer Price Index
The US CPI report for January, set for release on February 12, will provide key insights into inflation, a major market concern. With the ongoing trade war seen as an inflationary force, the Fed has paused rate cuts, awaiting clearer data. Experts forecast a 0.3% CPI increase, while a trader survey highlights inflation and tariffs as top market drivers this year.
A higher-than-expected CPI could strengthen the USD by signaling tighter Fed policy, while a lower reading may weaken the DXY, increasing rate-cut expectations.
The US30 index hit the 45000 resistance, forming a cup-and-handle pattern — a classic bullish signal.
• A break of the 45000 resistance could pave the way for an upside target of 46500.
USDCHF navigates within a bullish falling wedge and currently faces the 0.9070 resistance level. MACD is crossing the 0-line down, so it gives us mixed sentiment for the asset.
•A breakout above 0.9070 may lead to a rise to 0.9130;
•A rebound from the resistance zone may bring USDCHF back to 0.9000.
XAGUSD is in the uptrend after a significant decline. The price currently tests the crucial 32.30 resistance area, showing two possible scenarios:
•If the price breaks above the 32.20 level, XAGUSD is likely to rise to 33.40;
•If the retest fails, the price could drop to the 30.80 support level.
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