The most economic events and important market news: Market movements and volatility,
as well as major currency fluctuations, in addition to the most important economic events, we present to you.

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Economic Event

Gold

Oil

Dow Jones Index

GBPUSD

EURUSD
USDJPY

Economic Event

Tuesday, February 20

Monetary Policy Committee Meeting -Australia

Core CPI (YoY) -Canada

CPI (MoM) (Jan)-Canada

CPI (YoY) (Jan)-Canada

Wednesday, February 21

Federal Reserve Committee Meeting-USA

Thursday, February 22

France Manufacturing Purchasing Managers Index (PMI)

France Services Purchasing Managers Index (PMI)

Germany Services Purchasing Managers Index (PMI)

Germany Manufacturing Purchasing Managers Index (PMI)

U.K. Services Purchasing Managers Index (PMI)

U.K. Manufacturing Purchasing Managers Index (PMI)

U.S. Continuing Jobless Claims

U.S. Services Purchasing Managers Index (PMI)

U.S. Manufacturing Purchasing Managers Index (PMI)

Gold

After expectations rose that the US Federal Reserve would
extend interest rates during the current year until next May,
gold moved accordingly in a downward movement.
With prices below the descending trend line and the price below the resistance level
of $2017, targeting levels of $1995 is possible, and breaking it, we may witness levels of $1973.

OIL

On the daily timeframe, prices continued to test the previous peak level and closed at $78.16 per barrel.
It’s worth noting the close above the pivot point at $76.64,
which encourages further upward movement to achieve a higher peak.
In the event of breaking through the resistance level at $80.00,
it is likely to lean towards visiting the resistance zone between $85.73 – $86.12.
However, if the price returns below the pivot level,
there is a possibility of retesting $70.65 – $71.39, followed by the primary support at $68.00 per barrel.

DOW Jones Index

The Dow Jones index closed last week’s trading with a decline of about 0.6%,
after reaching pivotal support levels and rebounding. With no pivotal data this week,
the index faces resistance levels at 39110-38915, where it is expected to retest support levels at 37800-38100,
which coincide with the lower boundary of the ascending channel, and then continue its upward trajectory.

GBPUSD

The pound against the US dollar settled at $1.262, hovering around neutral levels,
within a price range between support at $1.2610 and resistance at $1.2826.
There is a retest of the pivotal level at $1.2725 and the formation of a peak below this level,
indicating the likelihood of further decline after breaking the support at $1.2610.
As for the possibility of an uptrend, it is currently unlikely unless

the sub-resistance at $1.2770 is breached and held above.

EURUSD

The EUR/USD pair closed last week’s trading sessions with a slight divergence,
declining approximately 0.1% after falling to pivotal support levels and then rebounding.
With no pivotal data this week, the pair faces a downtrend line from the December peak.
It is expected that the price will rebound towards levels of 1.0700-1.0725.

USDJPY

The statement from the US Federal Reserve, scheduled to be released during Wednesday’s trading,
may lead to further tightening. In the event of such tightening,
we might witness additional positive pricing for the dollar index.
With prices trading above the support level of 149.35,
which coincides with the lower boundary of the ascending digital channel,

it is possible to target levels of 151.98-153.80.

The most important economic events and important market news

The most important economic events and important market news

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