| EUR/USD: Dollar is beginning to rally. Meanwhile, stock markets and cryptocurrency markets have declined. 2021-02-26 At first, the US dollar remained weak since Fed Chairman Jerome Powell said interest rates will stay close to zero for quite a long time. But later on, demand for the currency picked up, after the release of strong reports on the US economy. The continued rise of Treasury yields also led to a sharp decline in risk appetite.  Yesterday, reports on industrial and consumer prices were released, and they indicated a sharp rise amid strong demand and supply disruptions. In fact, US PPI has already exceeded the highs reached last 2012-2013, and it still continues to grow rapidly this year. To add to that, in a survey, many companies said they are ready to raise prices for their products and services, since economic growth is now accelerating. Such statements then lead to even more debate on whether US inflation will rise after the end of the pandemic. The answer is obvious - it will, especially amid the upcoming stimulus in the US. The Federal Reserve also expects a sharp rise in inflation. According to Jerome Powell, the central bank will allow inflation to go beyond 2.0% as a compensation for its shortcomings in the previous years. "Our policy will remain the same since inflation is still low and the labor market remains far from maximum employment," Powell said. However, indicators show that some prices are overvalued and does not indicate a stable formation of inflationary pressures. For example, car prices rose because of chip shortages and supply chain disruptions in the tech industry. "This phenomenon will not necessarily lead to sustained inflation, as inflation is a process that repeats itself from year to year," he noted. Meanwhile, answering numerous questions about the risk of overheating the economy, Powell said additional assistance is needed because there is still a long way to go before the economy returns to its pre-crisis state.  But the ongoing increase in Treasury yields indicate that investors do not fully trust the Fed's statements. In fact, they seem to be relying on the figures that are being released. Nevertheless, Atlanta Fed President Raphael Bostic said that economic growth in the US is much faster than expected. In that regard, the Federal Reserve will continue supporting the economy and, in particular, the labor market, which is still in crisis after losing 10 million jobs. And although some members do not hide their optimism regarding the good pace of economic growth, they are still adhering to the course set by Powell, which is to maintain a super-soft monetary policy. For example, Bostic shifted the attention to the US labor market, reiterating that the Fed's main goal is a full employment.  Fortunately, the US labor market is recovering. In fact, according to the US Department of Labor, initial jobless claims have fallen to 730,000 (down by 111,000), which is much lower than what economists had expected. This could be a signal that the labor market will be able to return to its pre-crisis state. Meanwhile, as for US GDP, the Department of Commerce said the value for the fourth quarter (of 2020) was revised to a much better figure than the estimate. Real GDP was up by 4.1%, as compared to the preliminary data that is 4.0%. The main driver of this revision is the increase in investments in both fixed assets and private stocks. US spending, however, grew a bit lesser than previously reported. According to the latest data, expenses increased by only 2.4%, which is lower than the previous 2.5%.  As for orders for durable goods, they increased sharply this January as compared to the previous month. The index rose by 3.4%, which is also much higher than the projected 1.1%. The main driver for growth is the jump in orders for transport equipment, which grew by 7.8%. But even if volatile categories were removed, orders still increased by 1.4%. Meanwhile, home sales fell quite strongly in January. The index dropped by 2.8% to 122.8 points, according to the National Association of Realtors (NAR). With regards to the EUR / USD pair, only 1.2140 is keeping the price from falling further in the market. Therefore, its breakdown will lead to a huge drop towards 1.2090 and 1.2035. But if the bulls manage to regain control of the market, the euro might return to 1.2190. Then, a consolidation above will lead to an upward move towards 1.2240. Similar to the euro, in the GDP / USD pair, 1.3950 is keeping the price from falling further in the market. Hence, its breakdown will lead to a drop towards 1.3840 and 1.3735. But if the bulls manage to regain control of the market, price may return to 1.4050, where a consolidation above will lead to a more active growth towards 1.4120.  The US stock market reacted with a sharp drop to the latest news, as did the cryptocurrency market, which, after a short respite, returned to its corrective lows. In fact, a breakout from $44,900 will lead to another sell-off in Bitcoin, around $38,000. Technical analysis recommendations for EUR/USD and GBP/USD on February 26 2021-02-26 EUR/USD  It is difficult to predict what will be the result of the week and the month. Yesterday, the bulls only managed to have a long upper shadow in the daily candlestick. If the indicated shadow consolidates on the weekly candlestick today, then it is very possible that the favor will turn into the bears' side. Currently, the pair is seen again at the attraction and influence zone of 1.2150-70 (weekly short-term trend + all-time level). A movement above which suggests some bullish strength, which may lead to the bulls' further recovery. On the contrary, a consolidation below it will favor the bearish mood. Today, the support and downward targets are set at 1.2133 - 1.2098 - 1.2064 (daily cross + weekly Fibo Kijun).  Bears declined to the key support level, that is, the weekly long-term trend (1.2155) in the H1 chart. If it consolidates below it and moving average reverse, the bearish mood will develop. However, the future will still depend on the breakdown of daily supports (1.2133 - 1.2098 - 1.2064). On the other hand, we can note the intraday support levels at 1.2140 - 1.2105 - 1.2053. A prolonged decline, followed by the return of the bulls to the central pivot level (1.2192), may occur in the market temporarily, as we wait for the bullish prospects to be maintained and implemented. Today, the resistances of the classic pivot levels are seen at 1.2227 - 1.2279 - 1.2314. GBP/USD  The target (1.4181) of the weekly Ichimoku cloud has been completely broken down. This resulted in a downward correction, wherein a rebound formed in the daily chart. Now, there is every reason to fix the rebound on the weekly and monthly time frames, since the week and month will be closed today. The nearest supports, combining the daily and weekly levels, are currently located at 1.3904 and 1.3833.  The bears and the downward trend maintains its strength in the smaller time frames. Here, we can note the support levels of 1.3942 - 1.3880 - 1.3760, which act as pivot points for intraday decline. In turn, the key resistances are set in the 1.4062-75 area (central pivot level + weekly long-term trend), which serve as pivot points for an upward correction. The breakdown of these levels can affect the current balance of strength. *** The following methods are used in the technical analysis of the situation: Higher time frames – Ichimoku Kinko Hyo (9.26.52) + Fibo Kijun levels H1 – Pivot Points (classic) + Moving Average 120 (weekly long-term trend) Gold and silver to soar this 2021 2021-02-26 
Gold and silver remain in the portfolios of large investors despite the expectations of economic growth. Marc Desormeaux, senior economist at Scotiabank, said the Canadian bank remains bullish on precious metals because they expect a rally this 2021. In fact, Desormeaux said silver could surpass gold by the end of the year. Scotiabank forecasts the world economy to grow by 5.6% this year, and to expand by 4.4% in 2022. The US economy, meanwhile, will rise by 5.8% this year, and increase by 4.3% next year. But Desormeaux claims that this growth will not be free. "Strong recovery from the current recession fuels inflationary expectations and devalues the US dollar. Accordingly, it supports precious metals, especially silver," Desormeaux said. In short, rising inflationary expectations does not only support the precious metals market, but puts pressure on the US dollar. Therefore: "Dollar will depreciate as global economic conditions and risk sentiment improve." Gold itself will remain relatively stable until the end of the year, averaging around $ 1,850 an ounce. According to Desormeaux, this is the highest average price in the entire history of observations. "Low interest rates and the Federal Reserve's tolerance for above-target inflation will support gold. Although the yellow metal is currently declining, it is still at a historically high price level," Desormeaux said. As for silver, its current popularity may be the reason why gold is quite weak at the moment. In fact, Scotiabank expects it to continue soaring. Trading idea for silver 2021-02-26  A bearish momentum took place in the market yesterday and today. Because of this, silver can now reach $ 26.  In fact, since the quotes have formed a wave pattern (ABC), where wave A is the downward movement yesterday, traders can open sell positions from $ 27.3 - $ 27.5 and work for a 50% retracement. To do this, place limit at $ 27.9, and then take profit as soon as the quote breaks through $ 26. Of course, traders still need to be careful to avoid losing money. Trading in this financial market is precarious, but profitable if the approach used is correct. The idea above is under Price Action and Stop Hunting methods. Good luck! Analysis and forecast for EUR/USD on February 26, 2021 2021-02-26 Trading for February ends today. The results of the weekly and monthly trades will be summed up on Monday, taking into account the actual closing of the week and month. Today, we will consider the options for closing trades on February 22-26, as well as interesting trading ideas, if there are any. If we consider the fundamental component, then yesterday's extensive block of macroeconomic data from the United States was far from ambiguous. Thus, orders for durable goods and initial applications for unemployment benefits came out better than the forecast values. But the revised data on US GDP for the fourth quarter were worse than experts' expectations. All the details can be found in the economic calendar. Today, no important data is planned from Europe, and all the attention of market participants will again be turned to American statistics. At 14:30 London time, we will find out how much the income and expenses of Americans have changed, and the basic price index of personal consumption expenditures will also be published. A little later, reports on consumer sentiment from Reuters/Michigan, as well as the Chicago purchasing managers' index, will be released. Daily 
At yesterday's trading, the main currency pair of the Forex market showed noticeable volatility. After rising to 1.2242, the single currency bulls were unable to hold the exchange rate at such high values and loosened their grip. Their opponents did not fail to take advantage of this. As a result, a candle with an incredibly long upper shadow and a small bullish body appeared on the daily chart. Usually, after the appearance of such candles, the rate begins to fall, which is observed at the time of writing this article. We can assume that such a course of weekly trading was influenced by the speech of the Chairman of the Federal Reserve System (FRS) of the United States Jerome Powell in the Senate. The main point of Powell's speeches should certainly be considered another confirmation that interest rates will remain at the current low values until the US economy shows clear signs of improvement and recovery to the pre-crisis values that were observed before the COVID-19 pandemic. If we briefly touch on the topic of coronavirus, the main point, both in Europe and in the United States, is universal vaccination of the population. It is worth noting here that in the United States, it is taking place at a faster pace, while the EU authorities can not deal with the manufacturers of vaccines on the timing and volume of deliveries, as well as certification. H1 
If you go to the trading recommendations, then on the last day of weekly and monthly trading, it is quite difficult and risky to choose the positioning option. Given that the euro/dollar is currently trading at the support line of the ascending hourly channel, you can try to buy, but with small goals in the area of 1.2160-1.2190. In turn, from the same price zone, it is worth considering opening short positions, but also with a small profit near 1.2140. In general, given the course of yesterday's trading, we can conclude that the strength and significance of the mark of 1.2200 were not exaggerated. Players on the increase in the exchange rate have significant problems with passing up this mark, which gives preference to sellers. We will analyze the technical picture of EUR/USD in more detail on Monday when the results of the closing of weekly and monthly trading will be known. Technical analysis for EUR/GBP on February 26, 2021 2021-02-26 It's time to consider one of the most interesting currency pairs of the foreign exchange market, which is the euro/pound. Even though today is the last day of February and weekly trading, I will start the review with the weekly timeframe, where there is a rather curious situation. Weekly 
After a long strengthening of the British pound against the single European currency, we see that the situation is changing dramatically at the auction of the current five-day period. So, after falling to the area of a strong technical mark of 0.8540, the pair gained support and began to recover the losses incurred before. At the time of writing this article, a bullish candle with a long lower shadow is forming on the weekly chart, which can be fully considered a reversal. Now the euro/pound is trading slightly above the important level of 0.8700. If the week ends above this mark, and even more so above the orange 200 exponential moving average, then the idea that the pair is turning up will find its confirmation. In this case, the growth may continue to the price zone of 0.8800-0.8817, where the broken support level, as well as the red line of the Ichimoku Tenkan indicator, pass. However, we should not rush to conclusions yet, and perceive the current rise in the exchange rate as a correction to the previous decline. But the bears' task now looks much more difficult. To continue the downward trend, a true breakout of the support at 0.8542 is necessary and consolidation below this mark and the iconic psychological level of 0.8500. Only if these conditions are met will the road to lower prices open up. Daily 
The daily chart also shows a reversal signal, which is a circled candle for February 24. As you can see, after its appearance, the pair turned in the north direction and showed a fairly confident growth at yesterday's trading, closing Thursday's session above the red line of the Tenkan Ichimoku indicator. Today's trading, at the time of writing, is again dictated by the bulls, however, the strong resistance that does not allow the pair to go higher is the blue Kijun line. The chart clearly shows what kind of rebound occurs from this line. The task of the players to increase will be to close today's trades above Kijun. If they fail to do this, and a bearish candlestick pattern appears on the daily chart, further adjustment of EUR/GBP will be in question. For today, I recommend taking a closer look at the purchases of the pair after its decline in the price zone of 0.8690-0.8665. If such a decline takes place and signals for an upward reversal appear in the specified area on the four-hour and (or) hourly charts, it is worth trying to buy, but with small goals, within 30-40 points. Updating the current today's highs at 0.8730 can also be used to open long positions, but this is for those traders who use a breakout trading strategy. In my opinion, the adjustment is not yet complete, so it is better to refrain from selling and wait for the completion of the pair's correction. After the corresponding signal appears, we will consider opening deals for sale. Technical Analysis of EUR/USD for February 26, 2021 2021-02-26   Overview : - On daily chart :
- Uptrend scenario (EUR/USD pair)
- An uptrend will start as soon, as the market rises above support level 1.1952 , which will be followed by moving up to resistance level 1.2349.
On the H4 chart : The EUR/USD pair continues to move upwards from the level of 1.2104. Yesterday, the pair rose from the level of 1.2104 (the level of 1.2104 coincides with a ratio of 38.2% Fibonacci retracement) to a top around 1.2218. Today, the first support level is seen at 1.2104 followed by 1.2046, while daily resistance 1 is seen at 1.2262. According to the previous events, the EUR/USD pair is still moving between the levels of 1.2104 and 1.2262; for that we expect a range of 158 pips (1.2262 - 1.2104). On the one-hour chart, immediate resistance is seen at 1.2262, which coincides with a ratio of 78% Fibonacci retracement. Currently, the price is moving in a bullish channel. This is confirmed by the RSI indicator signaling that we are still in a bullish trending market. The price is still above the moving average (100). if the trend is able to break out through the first resistance level of 1.2307 , we should see the pair climbing towards the daily resistance at 1.2349 to test it. It would also be wise to consider where to place stop loss; this should be set below the second support of 1.1952. Analysis of Gold for February 26,.2021 - First downside target at the price of $1.765. Potetnial for second dowwnside target at $1.722 2021-02-26 BOE's Haldane: There is risk of central bank complacency allowing the inflation cat out of the bag High degree of two-sided uncertainty on inflation is understandable - We might see higher and more sustained rise in UK inflation than expected
- We may potentially overshoot target for a more sustained period
- If economies bounce on vaccine, policy could overstimulate the economy
- In turn, also overstimulate inflation pressures
- But also reasonable to expect disinflationary trends to persist
- Costs to the economy and BOE getting these judgments wrong could be significant
Damned if you do, damned if you don't. That's pretty much Haldane's take here. But at least he is opening the door to the possibility of the BOE looking towards a quicker development in the inflation backdrop. Further Development 
Analyzing the current trading chart of Gold, I found that Gold tested our first downside target at $1,765 but there is still strong downside pressure and potential for testing of my second target. Key Levels: Resistance: $1,765 Support levels: $1,7 EUR/USD analysis for February 26 2021 - Strong downside on the EUR and potential for the test of downside target at 1.2035 2021-02-26 BOJ purchases ETFs for the first time this month amid market rout The BOJ last bought ETFs on 28 January and held off buying more until today The Japanese central bank bought £5 million worth of ETFs today amid the 4% drop in the Nikkei, showing some signs that they may be more flexible with ETF purchases. That said, they still hold a commitment to buy roughly £6 trillion worth of ETFs at an annual average pace so that is something to consider unless communicated otherwise. I mean, what better timing to buy more when the market is down. *wink* *wink* Further Development 
Analyzing the current trading chart of EUR/USD, I found that there is strong reversal day for the EUR and that sellers are in total control today. My advice is to watch for selling opportunities on the rallies with the downside target at 1,2035. Key Levels: Resistance: 1,2110 Support levels: 1,2035
Author's today's articles: Pavel Vlasov  No data Zhizhko Nadezhda  Graduated from Irkutsk State University. Having acquainted with Forex market in 2008, followed the courses in the International Academy of Stock Exchange Trading. The agenda was so exiting that she moved to St. Petersburg in order to get professional education. Obtained a diploma of the retraining course on the discipline Exchange market and stock market issues, defended the graduation paper with distinction on the subject "Modern technical indicators as the basis of the trading system". At the moment obtains a master degree in International Banking Institute on specialty Financial markets and investments. Apart from trading is occupied with development of trading systems and formalization of the working strategies using Ichimoku indicator. At the moment is working on the book dedicated to the peculiarities of Ichimoku indicator and its operating methods. Interests: yoga, literature, travelling and photograph. "You can only get smarter by playing a smarter opponent" Basics of Chess play, 1883 "Successful people change by themselves, the others are changed by life" Jim Rohn Andrey Shevchenko  Andrey Shevchenko Ivan Aleksandrov  Ivan Aleksandrov Mourad El Keddani  Was born in Oujda, Morocco. Currently lives in Belgium. In 2003 obtained B.S. in Experimental Sciences. In 2007 obtained a graduate diploma at Institut Marocain Specialise en Informatique Applique (IMSIA), specialty – Software Engineering Analyst. In 2007–2009 worked as teacher of computer services and trainer in a professional school specializing in computer technologies and accounting. In 2005 started Forex trading. Authored articles and analytical reviews on Forex market on Forex websites and forums. Since 2008 performs Forex market research, and develops and implements his own trading strategies of Forex analysis (especially in Forex Research & Analysis, Currency Forecast, and Recommendations and Analysis) that lies in: Numerical analysis: Probabilities, equations and techniques of applying Fibonacci levels. Classical analysis: Breakout strategy and trend indicators. Uses obtained skills to manage traders' accounts since 2009. In April 2009 was certified Financial Technician by the International Federation of Technical Analysts. Winner of several social work awards: Education Literacy and Non-Formal Education (in Literacy and Adult Education in The National Initiative for Human Development).
Languages: Arabic, English, French and Dutch.
Interests: Algorithm, Graphics, Social work, Psychology and Philosophy. Petar Jacimovic  Petar was born on July 08, 1989 in Serbia. Graduated from Economy University and after has worked as a currency analyst for large private investors. Petar has been involved in the world of finance since 2007. In this trading he specializes in Volume Price Action (volume background, multi Fibonacci zones, trend channels, supply and demand). He also writes the market analytical reviews for Forex forums and websites. Moreover Petar is forex teacher and has wide experience in tutoring and conducting webinars. Interests : finance, travelling, sports, music "The key to success is hard work"
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