In today’s market review for February 23rd, we look at the upcoming news week, including US consumer confidence, inflation data for the euro, and US PPI.
We analyze the strong upward breakout in Gold, which successfully hit our targets and delivered excellent profits. The US Dollar continues to show weakness, offering buying opportunities on deep pullbacks for EUR/USD and GBP/USD in key demand zones. We also discuss the spectacular crash in Bitcoin at the market open, the drop in USD/JPY towards the 152.00 level, and Oil hitting $66 amid rising geopolitical tensions.
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