China’s retail sales rose by 4% year-on-year in February, aligning with market expectations. This figure reflects ongoing consumer activity amid various economic conditions.
In currency markets, the EUR/USD remains below 1.0900, while the GBP/USD is trading around 1.2940, experiencing a losing streak. Technical analysis indicates a potential for upward movement within an ascending channel for GBP/USD.
Gold Prices Approaching Record Highs
Gold prices are nearing record highs, bolstered by strong safe-haven demand amidst global trade tensions. Anticipated interest rate cuts by the Fed in 2025 further support gold’s price trajectory.
The week ahead will see central bank decisions, with the Fed facing recession concerns and other banks evaluating potential rate changes.
China’s retail figures show that consumer activity is maintaining a stable pace, suggesting that domestic demand continues to support broader growth trends. This aligns with predictions and indicates that spending habits are not slowing down despite external pressures.
Meanwhile, the euro remains below 1.0900 against the dollar, suggesting that sentiment around the pair has yet to shift in favour of any sustained strength. The pound is battling a downward trend near 1.2940, though analysis of price movements suggests a possible reversal within an ascending channel. That would indicate that traders might need to consider short-term positioning accordingly, as resistance and support levels come into play.
Gold’s recent climb towards record territory is not unexpected. With persistent demand for safe-haven assets and expectations of rate cuts in 2025, conditions continue to support higher valuations. The push toward gold reflects concerns around long-term purchasing power and central bank policy, which remain key drivers in the market.
Central Bank Policy Decisions Ahead
This week, policy decisions from major central banks are in focus. The Fed, in particular, must address economic slowdown worries, while other policymakers weigh their own rate adjustments. Each decision could have strong implications for currency price movements, market volatility, and overall risk sentiment. Traders must consider how shifting expectations will affect market pricing in the days ahead.
