A week ahead preview: Global Macro is back and a key Supreme Court decision on tariffs is awaited. Get ready for the upcoming week by looking at the past week's Market performance, what changed and the key events to expect in next week)
Crypto
Bitcoin’s $60,000 level has become a critical front line for the market. A sustained break below it could amplify volatility as heavy put positioning on Deribit, dealer hedging flows, BTC-backed loan liquidations, and leveraged forced selling potentially combine into a cascading move. With the 200-week moving average near $58,000 and growing focus on downside scenarios, traders are watching whether support can hold—or whether a deeper slide could follow.
Indices
S&P 500, Dow Jones, Nasdaq Analysis and Trading Levels – CPI Rebound: Stocks erase early losses as the softest inflation print in five years (2.4%) fuels bets for a March rate cut. While the Mag 7 lags, broad contagion pushes the Dow and S&P higher. We analyze the Feb 20 Supreme Court tariff deadline and the fading Iran risk premium.
Forex
USD/CAD trades in a tight range on Friday, as the US Dollar (USD) holds firm despite softer-than-expected US inflation data. At the time of writing, USD/CAD is hovering near 1.3625, holding modest gains and remaining on the front foot for a third consecutive day.
Forex
The GBP/USD holds firm at around 1.3620 as the latest inflation report in the United States, prompted traders to re-price in the likelihood of an interest rate reduction by the Federal Reserve at the June meeting. The pair trades flat yet poised to end the week with a minimal gain of 0.12%.
Commodities
CPI Market Reactions: Inflation hits a 4-year low at 2.4%, fueling a surge in Treasuries and Gold ($5,100). While AI creative destruction initially dragged tech, a swift intraday rebound is underway. We explore the key charts to this morning's action with Dow Jones, Gold, 10Y Bonds and more.
Forex
The Euro (EUR) regains some ground against the US Dollar (USD) on Friday, with EUR/USD clawing back part of its earlier losses as soft US Consumer Price Index (CPI) data pressures the Greenback.
US inflation continued to ease in January, with both headline and core readings showing gradual moderation. Tariff effects remain limited and rent pressures have slowed. The Fed is likely to stay on hold in the near term, but markets expect rate cuts from mid year, pricing in close to two and a half reductions by year end.
Forex
EUR/GBP rebounds from earlier daily lows on Friday, with the Euro (EUR) drawing modest support from preliminary Eurozone Gross Domestic Product (GDP) data that showed the economy growing in line with expectations in the fourth quarter of 2025.
CPI Breaking: Inflation cools more than expected as the headline rate hits 2.4%. While shelter remains sticky, falling energy prices fueled an everything rally in Metals, Crypto, and Stocks. We analyze the US Dollar's slide and what this means for the Fed's next move on March 18.
