Market Weekly Overview | February 18
Welcome to the first edition of the Weekly Market Overview, where we break down key financial events, geopolitical developments, and market trends that shape global trading dynamics. Each edition provides in-depth analysis of three major assets: gold, Bitcoin, and EURUSD, alongside critical news affecting the broader financial landscape.
Key market news and statistics
- Ukraine peace talks in Saudi Arabia
- Negotiations for the second Gaza ceasefire deal
- China urges tech sector to “show their talent”
- Argentinian President scams investors with meme coin #LIBRA
- RBA cuts rates to 4.1%
Gold
The precious metal stopped its bullish momentum to take a breather, before deciding where to move next. Major events impacted gold in different ways – the start of the Ukrainian peace talks to the downside, tariff uncertainty, and major economic worries of reigniting inflation to the upside.
This week a range-trading strategy is advised until the price breaks out of the consolidation. Long trades have a higher possibility of showing profits, if positions are opened from $2880-$2865/oz. Speculative shorts can be opened from the $2935-2943/oz area.
Bitcoin
The first cryptocurrency has left the stage for quite a while now, as other assets had a much fuller news background in the past weeks. Until the U.S. administration announces other major endeavors in the crypto space, the pair seems doomed to fluctuate without any clear direction.
Bitcoin has been following a downward channel since the beginning of February. Recently, it has shown signs of strength, as it failed to fall to the lower edge. For now, a cautious short position can be opened from the current levels (TP at $92,000), but you should remember that it can be wiped out anytime by fresh news from the U.S.
EURUSD
Since the abrupt fall, EURUSD experienced on the implementation of the first Trump tariffs, the pair has regained ground against the Greenback. Key drivers included the unexpected softness of tariffs implementation against Canada and Mexico, as well as the beginning of the Ukrainian peace talks.
The pair has been inside a wider consolidation on the 4H chart. In case the peace talks prove themselves useful and the major European nations comply with what Washington is trying to achieve, renewed flows of cheap Russian gas could relaunch the EU’s economy, thus, sending the pair higher. For now – look at the development of the marked small downward channel. Trade in the direction of the breakout, or follow the trend short.
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