
EUR/USD: technical analysis indicates continued growthThe EUR/USD pair continues its corrective movement, trading near the 1.0902 mark against the background of the weakening of the US dollar. Investors reacted positively to the results of the meeting between representatives of the United States and Ukraine, seeing them as a possible step towards resolving the Russian-Ukrainian conflict, but macroeconomic statistics turned out to be ambiguous and could not become a strong driver of price growth.Thus, German imports in January showed a slowdown from 1.6% to 1.2%, while exports moved to negative dynamics, falling from 2.5% to -2.5%, which led to a reduction in the trade surplus from 20.7 billion euros to 16.0 billion euros. At the same time, industrial production accelerated from -1.5% to 2.0% in monthly terms and from -2.26% to -1.49% in annual terms over the same period. The head of the German Federal Bank, Joachim Nagel, expressed support for the initiatives of the future government aimed at easing budget constraints and creating a special fund in the amount of 500.0 billion euros to finance defense and infrastructure projects. At the same time, he stressed that for Germany's long-term economic growth, it is necessary to focus on increasing the supply of labor, reforming the energy sector, reducing bureaucratic barriers and reducing tax pressure on businesses.Resistance levels: 1.0950, 1.1110.Support levels: 1.0850, 1.0680.AUD/USD: Australian dollar is holding at 0.6270After rising by 1.44% over the past week, the AUD/USD pair is consolidating at the 0.6270 support, awaiting the February US inflation data, which will be released today at 14:30 (GMT+2).Forecasts suggest that the consumer price index will increase by 0.3% month-on-month and 2.9% year-on-year, which may increase pressure on the US dollar if the Fed signals a softer monetary policy. According to the CME FedWatch Tool, the probability of maintaining the interest rate at the level of March 19 is 97.0%, and its reduction by 25 basis points in May is 40.9%.On Thursday at 02:30 (GMT+2), Australia will publish data on building permits for January: an increase of 6.3% on a monthly basis is expected, which may support the Australian currency. If the indicator is confirmed, it will be a signal of economic recovery after a prolonged recession since the end of 2023.Resistance levels: 0.6370, 0.6450.Support levels: 0.6270, 0.6147.Silver market analysisAfter a short-term consolidation below the 32.00 mark, the XAG/USD pair resumed its growth, which is due to the unique structure of demand for silver. Unlike platinum and palladium, this metal is in demand both in industry and among investors, which makes it vulnerable to fluctuations in market sentiment. An additional support factor was the growth in the number of Silver Institute participants: seven new companies joined the organization in 2024, and three more in the first two months of 2025, including Skeena Gold & Silver, Silver Tiger Metals, and TCA S.p.A.Data from the U.S. Commodity Futures Trading Commission (CFTC) confirms the increased interest in silver. In recent reporting periods, the number of manufacturers' long positions increased by 0.453 thousand, while sellers reduced volumes by 8,192 thousand contracts. The balance in the segment of positions secured by real capital remains on the side of the bulls — 47,823 thousand against 13,620 thousand for the bears, which indicates a high level of confidence in the asset.Resistance levels: 33.10, 34.80.Support levels: 32.30, 30.80.Crude Oil market analysisIn the morning trading, WTI Crude Oil continues to strengthen, developing the growth momentum that was formed the day before, and is testing the 66.30 level for an upward breakout. However, traders remain cautious, preferring to wait for the publication of US inflation data at 14:30 (GMT+2), which may affect the dynamics of quotations.According to preliminary forecasts, the core consumer price index for February will slow down to 3.2% in annual terms (against 3.3% earlier) and 0.3% on a monthly basis (from 0.4%), while the overall index will decrease from 3.0% to 2.9% and from 0.5% to 0.3%, respectively. Nevertheless, the dollar's reaction may be restrained, as investors are more focused on the trade policy of the Donald Trump administration. This month, 25% duties on imports from Canada and Mexico, as well as 10% tariffs on a number of Chinese goods, have already entered into force, and new restrictions on steel and aluminum supplies to the United States are expected in the near future.Additional pressure on the market was exerted by data from the American Petroleum Institute (API), which showed an increase in oil reserves by 4.247 million barrels for the week of March 7 after a previous decrease of 1.455 million barrels, while experts predicted an increase of only 2.1 million barrels. At 15:30 (GMT+2), a report from the US Energy Information Administration (EIA) will be released, which, according to forecasts, will also reflect an increase in reserves by 2.1 million barrels after a previous increase of 3.614 million barrels. Additionally, the agency adjusted the forecast of oil production in 2025, increasing it by 20 thousand. barrels per day — up to 13.61 million barrels.Resistance levels: 67.00, 67.50, 68.25, 69.00.Support levels: 66.00, 64.96, 64.00, ...