China’s fixed asset investment for the year to date has reached 4.1% in February, exceeding expectations of 3.6%. This figure indicates a positive trend in investment activity.
The EUR/USD currency pair is currently below 1.0900 as traders await US Retail Sales data, with cautious sentiment stemming from discussions on a potential ceasefire between Trump and Putin. The GBP/USD pair continues to decline, trading around 1.2940, suggesting a bullish trend within an ascending channel.
Gold Prices Near Record Highs
Gold prices remain near record highs, supported by safe-haven demand amid rising trade tensions and expectations of future interest rate cuts by the Fed. Meanwhile, the US financial regulator has delayed decisions on spot altcoin ETF applications, causing mixed reactions in the cryptocurrency market.
The upcoming week will see central banks in focus, with significant decisions pending from the Fed, BoJ, SNB, and BoE amidst broader economic uncertainty.
China’s fixed asset investment reaching 4.1% in February, surpassing predictions of 3.6%, signals stronger-than-anticipated activity. This suggests confidence in economic projects and infrastructure spending, which could support broader economic momentum. For those monitoring long-term demand trends, this is a data point worth weighing carefully.
EUR/USD lingering below 1.0900 reflects the cautious positioning of investors ahead of US Retail Sales figures. Market participants appear to be hesitant, assessing not only economic data but also the geopolitical discussions surrounding a possible agreement between Trump and Putin. This uncertainty keeps volatility within the pair somewhat constrained for now. In contrast, the British pound has continued to weaken, with GBP/USD trading near 1.2940. However, the broader structure still indicates upward price movement within a well-defined ascending channel. Price action here should be watched closely for any shifts in momentum.
Gold remains near all-time highs, staying well-bid through bouts of uncertainty. Safe-haven demand persists, driven by concerns over global trade and the expectation that the Fed may ease policy further. Given these conditions, any potential retracement could be met with renewed buying interest.
Cryptocurrency Market Reacts To ETF Delays
Further turbulence has emerged in the cryptocurrency sector, as the US regulatory body has once again postponed its decision on spot altcoin ETF applications. This delay has led to a mixed response from market participants, with some seeing it as a temporary setback while others view it as another roadblock for institutional adoption.
The days ahead will be heavily influenced by pending central bank decisions. With policy announcements expected from the Fed, BoJ, SNB, and BoE, markets should brace for potential shifts in interest rate outlooks, liquidity conditions, and investor sentiment. Those engaging in derivatives would do well to prepare for increased volatility and potential recalibrations across multiple asset classes.
