Market Analysis Review

Daily Market Report: Expert Technical & Fundamental Insights – 13.02.2025

| 13 February, 2025 at 12:00 GMT

EURUSD

EURUSD gained & traded higher today at $1.0435, the highest in two weeks. US CPI increased by 0.5% in January, it was higher than before of 0.4%, that’s why the strength of EUR could be short-lived, so be careful in your exposure. Industrial production in EZ & ECB economic bulletin will be released later today. 

Price action was fully bullish, heading higher to the 2nd major resistance. Recent EUR strength has not changed the traders’ sentiments that remained mostly bearish.

USDJPY

After three consecutive days of strong performance, USDJPY dropped to 154.04. Japan’s PPI increased by 4.2% in January 2025, higher than the estimates which means that the inflation is likely to remain sticky & BoJ may raise the rates further. After stronger than expected inflation from the US in the last month, USD strengthened vs Yen yesterday. 

1H trend index was bearish after 1H RSI was almost overbought ( above 70) and correction started, targeting 153.50.

GBPUSD

Busy day ahead from the UK, traders are waiting for GDP growth in Q4/2024, industrial & manufacturing production. GBPUSD rose today & traded at $1.2495, one -week high. If UK economy shows contraction in Q4, GBP will remain under pressure & further weakness may happen. 

1H Price action is still supporting further gains to $1.2530 with bullish trend index. According to forecast poll, 50% of the treaders remained bearish, that’s not going to support sustainable strength in GBP.

Gold

After gold fell quickly yesterday to $2861 per ounce, gold strongly recovered,  and gained today, trading higher again at $2915 per ounce. Stronger US inflation in January sent the US bond yields higher & USD index was stronger as well, however the higher the inflation, the stronger the demand for gold is likely to remain, so gold will benefit, not only USD. Keep an eye on the US PPI numbers today, it will show the inflation in production sector. 

Price action maintained its bullish trend index & continued heading higher to $2922. $2896 is support then $2878 ( correction).

Silver

Silver was little changed today, trading at $32.29 per ounce, three-month high. New data showed that China put up 357 gigawatts of solar & wind power in 2024, silver was an essential part in this industry. Higher inflation from America was  another catalyst to keep silver on track. 

1H trend index was strongly bullish, supported by the price action that is targeting $32.50. $31.80 is support. Chart still supports further strength.

Oil – WTI

Crude oil prices fell today by -1%, WTI $70.55 PB, the lowest since late December 2024, Brent $74.40PB. According to EIA, US weekly crude oil inventories increased by 4 million barrels last week, higher than the estimates which was another hit to markets’ bulls. OPEC maintained its 2025 demand growth forecast at 1.45 million barrels per day. One fact that should be clear by the markets’ participants is that if there is no better  global growth in 2025 then oil may stay under huge pressure & bearish attitude. 

Technically, WTI is on the way to the last major support even if 1H RSI is almost oversold now ( below 30). 50% of the traders were bearish & 25% remained bullish; that’s why oil market’s bias was bearish.

DAX

DAX index futures rose strongly on Thursday & jumped by 1.2% to 22420, new record high after closing higher on Wednesday by 0.5%. Such a good performance was mainly because of expected weaker rates in EZ & strong performance by Puma 3%, Siemens Energy 5%, Airbus 1.6% and Adidas 2%. Inflation from Germany is due today. 

Fully overbought ( 1H RSI is at 85 now), but the price action showed no hesitation nor exposure to massive correction. 21900 is support. 1H trend index is strongly bullish.

Nasdaq

US stock futures traded higher today after mixed performance on Wednesday, Dow Jones fell by -0.5%, SPX -0.27% & Nasdaq was little changed by 0.03%. January inflation in the US came stronger than before, triggering the hawkish outlook by the Fed which means higher rates for longer. In the meantime, US PPI numbers & initial jobless claims will be due later today. 

1H trend index remained bullish , but 1H RSI is sideways. Momentum indicator remained positive, but volatility dropped. 21570 is support. 21940 is resistance.

BTCUSD

Bitcoin fell today by -2% & traded at $96028, Eth was down by -2.1% to $2677, Cardano -2.7%, XRP -1.5% and Solana lost -1.9% as well. According to news, U.S. regulators are reportedly exploring new ways to coordinate on crypto oversight, with discussions to reinstate an advisory committee. Smart regulations will support the up trend in crypto market. 

Price action is falling & targeting $95K with momentum indicator. $98K is resistance. Bitcoin is still up by 2.9% in 2025.